Yoyo Wallet, the UK mobile payment solution, raised £12m to expand its activity

Launched in 2013 in the UK (London), Yoyo Wallet is an easy-to-use app dedicated, for retailers, to identify their customers and follow their consumption and, for shoppers, to access to a secure mobile payment solution (including offline payments thanks to a QR code) & its loyalty program.

Easy registration for the shoppers using their email address (or Facebook account) then liking their  payment card. Yoyo do not charge any transaction fee.

With 440K+users & 1,700 POS already registered, the last Yoyo £12m raise will sustain the company’s expansion (partnerships with UK retailers, platform improvement & Europe conquest).

Detected via TechCrunch