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Foodcoin AI, S.L.
Foodcoin provides a digital cashback service via its application, allowing users to earn tokens (FoodCoins or LocalCoins) when they make payments at affiliated restaurants and bars in Spain. The platform serves as a loyalty and promotional tool for businesses in the hospitality sector.
Madrid, ESP
Description
Foodcoin AI, S.L. operates a digital platform named FOODCOIN, offering a cashback service to users at hospitality establishments. Users receive digital tokens as cashback for their purchases. The platform features two types of tokens: 'FoodCoins', which are universally accepted across the network in Spain with a standard 3% cashback, and 'LocalCoins', which are specific to client businesses that can customize their cashback rates and are redeemable only within their own establishments. The service includes a digital wallet, payment processing, and token conversion. For businesses, FOODCOIN acts as a tool for customer loyalty, promotion, and visibility via an interactive map in the app. The payment infrastructure is managed by PECUNIA CARDS EDE, S.L.U. (“PECUNPAY”).Grant Funding
VC Funding
None
2022
$0
$339K