Saturday, January 28, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Nigerian/African Tech

ThankUCash Rounded up 2021 Seed With $5.3m To Push Its Expansion Agenda To Both Kenya and Ghana marketplace..

ThankUCash is set to upgrade its rewarding features with BNPL sooner than later.

Eni by Eni
January 10, 2022
in Nigerian/African Tech
0

ThankUCash finally rounds up the 2021 seed with $5.3m raised — an additional $300k in contrast to the startup’s previous report. Despite the unfavorable economic turmoil ThankUCash consistently thrives in redeeming coupons, loyalty, gifts, and deals as its basic service, Techbooky.africa writes.

Related posts

Spotify Data Revealed the Nigerian Afro-pop Genre Has Influenced More Streams.

Spotify Data Revealed the Nigerian Afro-pop Genre Has Influenced More Streams.

April 16, 2022
Microsoft Spent $100M To Debut Its African Development Center In Ikoyi Lagos.

Microsoft Spent $100M To Debut Its African Development Center In Ikoyi Lagos.

March 23, 2022

The Nigerian startup company bags millions of investments it intends to inject into the African digital economy — starting with its domestic market. Unlike several other African startups that penetrate the international FinTech market at their initial move to expand, ThankUCash’s motive is dedicated to investing in Africa with a futuristic plan to become a local tech behemoth.

Connected Analytics debuted ThankUCash in Nigeria’s state capital, Abuja, and two other top-notch cities, such as Port Harcourt and Lagos. These cities are ideal for a startup company’s development in-line with its conducive economic standard and a progressive revenue income influenced by a broad marketplace.

Prior to the $5.3m investment deal the reward startup company recently rounded up, ThankUCash has reportedly gained consent from Google’s Accelerator program and other venture capitalists.

ThankUCash is another digital wallet platform that banks its users’ finance to eat online, shop online, and other related online businesses that either offer cashback, discount deals, or rewards for active customers. The startup represents the bridge between businesses/merchants and their customers.

 

For context, Connected Analytics technology is developed as a third-party wallet — a flexible tool integrated with partnered businesses like restaurants, cinemas, supermarkets, and other brands or services that prioritize customer satisfaction.

 

ThankUCash wallet is built with a multi-tasked algorithm to manage its partner merchants’ bookkeeping while tracking their customers’ activity to ascertain qualified users’ due for cashback rewards and available giveaways.

ThankUCash’s reportedly accounts for more than a thousand merchants tied to its reward platform. The reward platform has a list of businesses ready to deliver customers’ requests while merchants receive instant payment for every purchased product via ThankUCash’s network.

 

Customers’ loyalty points are determined by the data ThankUCash wallet has processed — the number of transactions processed even at different vendors.

 

It is worth noting that ThankUCash settles the reward it offers from its in-house credit resource. Although every merchant listed on the ThankUCash API is obligated to remit a fraction of I.5% commission for each sale or user that redeem cashback coupons. ThankUCash also charges its merchants per its in-house deals.

Several merchants have sought to consort ThankUCash’s API to attract customers to their vendor. Still, the reward startup charges merchants off every deal tied to their products. ThankUCash’s futuristic agenda sets to upgrade its rewarding features with “buy now, pay later (BNPL)” after its service has branched out to other African countries.

The reward startup company expansion scheme target both Ghana and Kenya’s market. ThankUCash’s $5.3m credit resources are budgeted to solely sort expanding across its domestic market. Techbooky suggests BNPL on ThankUCash will be developed after Ghana and Kenya market accepts its brand.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: africafintechFundraisingstartup
Previous Post

Bfree secures $1.7M pre-Series A Deal. Eager To Expands Across Asia, Europe, and South America

Next Post

ECOWAS Introduces Eco As A Single Currency In West Africa; A Close Counterpart To eNaira

Next Post
ECOWAS Introduces Eco As A Single Currency In West Africa; A Close Counterpart To eNaira

ECOWAS Introduces Eco As A Single Currency In West Africa; A Close Counterpart To eNaira

RECOMMENDED NEWS

Naira’s Significant Increase Against USD Per P2P Foreign Exchange Market Capitalization.

Naira’s Significant Increase Against USD Per P2P Foreign Exchange Market Capitalization.

10 months ago
Netflix Set to Release the ‘Ludik’ Series Filmed in Afrikaans

Netflix Set to Release the ‘Ludik’ Series Filmed in Afrikaans

6 months ago
HIGHLIGHT:   African-based Tech Behemoths & Startups That Made News Headlines While 2021 Lasted.

HIGHLIGHT: African-based Tech Behemoths & Startups That Made News Headlines While 2021 Lasted.

1 year ago
Netflix and the Kenyan ICT Ministry Sign a Two-year MoU to Innovate and Market Local Media Content for Streaming.

Netflix and the Kenyan ICT Ministry Sign a Two-year MoU to Innovate and Market Local Media Content for Streaming.

9 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
35 Posts
View Posts
Transport
10 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
  • Spotify
    Tech Retrenchment: Spotify Has Prepared To Cut It Global Workforce This Week.
    • January 24, 2023
  • Kuda Bank
    The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
  • Airtel Launches eSIM Technology In Nigeria
  • Mafab Communication Debut 5G Cellular Data In Nigeria.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In