Mobkard, a location-based mobile loyalty solutions provider and part of the first batch of startups of Ideaspace, the First Pacific-led tech incubator and accelerator for emerging markets, today announced that it has successfully concluded a new 17 million-peso round of funding led by Globaltronics Inc., the country’s leader in digital signage advertising in the Philippines.
The new round of funding allows the company to expand its location-based loyalty solutions particularly through the launch of the official Mobkard app, which provides users with the best and the latest deals from the biggest brands that are near their current location using only their smartphones.
“Everyone loves a good deal, and sometimes many consumers miss out on discounts and other privileges simply because they are not aware of them when they enter a particular store,” said Francis Uy, CEO and Co-Founder at The Kard. “Mobkard brings this wealth of knowledge closer to users through a device that is closest to them—their mobile phones. With Mobkard, there’s no more need to carry discount vouchers or loyalty cards around, because all of the latest deals near you can now be found with just one tap.”
Simply download the app from the Apple App Store or the Google Play Store, register, and get instant access to shopping information, exclusive privileges and deals, from a wide array of brands across multiple categories. As mentioned, a particularly helpful feature of the service is the “near me” tab that allows one to see what’s on offer in the immediate vicinity ensuring consumers get useful information, provided at the right place and at the right time.
The company has partnered with big-ticket names in retail such as Vans, LayBare, 360 Fitness Club, Bizu Patisserie, Nurture Wellness Spa, MedExpress, Sunglass Haven, and Dillinger’s, among many others, to provide these exclusive discounts and other privileges.
The Kard was part of the initial cohort of startups that won in the 1st IdeaSpace Startup Competition.
IdeaSpace is supported by the following companies: First Pacific, First Pacific Leadership Academy, Metro Pacific Investments Corp., Metro Pacific Tollways Corp., MPIC hospital group, PLDT, Meralco, Smart Communications, Digitel Mobile Philippines and its mobile brand Sun Cellular, SPI Global, ePLDT, Indofood, Philex Mining, Maynilad, MediaQuest, and TV5.
