Cashback app GreenJinn raises £600k via Crowdcube to ‘Get Britain Saving Again’
by Startacus Admin
GreenJinn has just launched its crowdfunding campaign on Crowdcube. They’re raising £600,000 to add new brands, shops and take their technology to the next level.
Launched in October 2016, GreenJinn App provides personalised cashback coupons on everyday groceries. GreenJinn believes that everybody should be able to afford good quality products and nutritious food.
Within its first year, GreenJinn has already attracted over 40,000 UK shoppers and aims to be the go-to app for saving money on groceries. Currently two of the UK’s biggest supermarkets, Sainsbury’s and Waitrose, are featured on the app and the team plans to add one other major UK supermarket chain straight after the crowdfunding campaign.
GreenJinn Crowdcube pitch video
In regards to their crowdfunding campaign and the future of the company, GreenJinn CEO Giuseppe Licari commented: “We consider our early users as GreenJinn’s ‘founders’ and we are happy to involve them at this important stage, together with new enthusiasts. GreenJinn is the only cashback app on market actively promoting healthy living and developing personalisation. We aim to offer our users their best fit in terms of coupon selection, timing and convenience. Only what you like, when you need it. We’re confident that with a successful crowdfunding round, we can make this a reality… we have our community with us!”.
In less than 24 hours since the campaign went public, 66 ‘crowd’ investors have already backed the campaign, ranging from university students and families to CEO’s, executives and professionals such as Guerrino De Luca (former Logitech CEO and SVP Marketing at Apple). The largest single investment to date is £100.000. The average investment size is £2,035 and the smallest amount invested is £10.
Capital raised from the campaign will be used to add new supermarkets (both offline and online), add more brands and improve the personalisation system on the app in order to skyrocket the mobile coupon revolution.
You can see the GreenJinn pitch here
Please remember that investments of this nature carry risks to your capital as well as potential rewards so you should read the full pitch and associated risk warning to ensure you #InvestAware.
Press Release published on Startacus
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 18th September 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.