Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based mobile technology platform, Thyngs, has successfully secured its initial £200,000 funding target from nearly 240 Seedrs investors. Thyngs is offering 2.57% in equity at a £7,592,407 pre-money valuation.
As previously reported, Thyngs is on a mission to transform physical objects and locations into smart, connected, experiences that are engaging, rewarding, and memorable by building a secure and affordable for businesses to take advantage of the growth of the mobile payment and create a sustainable business model in the UK fundraising sector.
“Charities are using our platform to turn collecting boxes, shop windows and even staff into instant mobile donation points, more than covering ongoing costs with the extra income generated through Gift Aid. Global brands are also using it to engage and convert customers directly from marketing, merchandise, packaging, and products.”
In regards to what the latest crowdfunding campaign’s funds will be used for, Thyngs added:
“Money raised will be used to enhance marketing, bolster sales team to more rapidly close deal, expand account management team to increase customer success so we can become the goto company for touch-free app-free commerce.”
Along with surpassing its initial crowdfunding target, Thyngs also announced its new partnership with a mobile-centric payment gateway provider, Judopay, with a focus on greater support for touch-free app-free payments for recovering businesses and charities. While speaking about the partnership, Dr. Neil Garner, Founder and CEO at Thyngs, reportedly stated:
“Our vision has always focussed on seamless marketing and payments. I believe technology and payments can be invaluable to businesses across the food and beverage sector, as well as charities, to secure payments quicker without the need for human interaction. We’re proud to be playing our part in helping these vital sectors as we move out of lockdown.”
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