Since November 2021, the fintech has recruited 100,000 clients, approximately a third of whom joined in January 2023.
Zipzero, a UK finance startup that monetises shopping data, acquired over £1m in preliminary investment.
By sharing receipts, Zipzero users earn cash prizes to pay utility bills.
Sharing any shopping receipt—physical or digital—earns app users cash credits that can be used to pay any monthly household expense.
Leading retailers, brands, and financial institutions use real-time product-level shopping data to pay incentives.
Asda, Boots, Ebay, and Sainsbury’s are partners.
Since November 2021, the fintech has recruited 100,000 clients, approximately a third of whom joined in January 2023.
Zipzero CEO Mohsin Rashid believes the surge shows customers’ cost-of-living problems.
“With £1m and counting secured, investors have identified the value Zipzero delivers to customers and merchants alike: our software offers a true mass-market answer to growing expenses and ballooning energy bills,” he added.
“Ultimately, our mission is to empower consumers. By delivering cash rewards every time they make a purchase with their favourite brands and retailers, we are allowing them to monetise their own shopping data, creating a fairer retail ecosystem,” he added.
The additional funds will boost growth and attract merchants and brands.
The angel investors include Global Processing Services founder Craig Dewar.
