TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Feb 26, 2016 20:00 JST
Source:
Loyyal
Ribbit.me Raises $1.5 Million Seed Round
NEW YORK, N.Y., Feb 26, 2016 - (ACN Newswire) - Ribbit.me, a NY-based blockchain technology startup, announced that it closed a $1.5 million seed round, led by Hayaat Group, an investment company based in Dubai, with Privity FZ LLE acting as advisor.
Ribbit.me has built the world's first universal platform for the loyalty and rewards industry using blockchain and smart contract technology. Currently, program operators such as airlines or hotels, are faced with high operational costs and outdated processes, resulting in a poor customer experience.
Ribbit.me's universal platform coupled with its patent-pending technology enables program operators to reduce costs by sharing a distributed ledger, thus streamlining the customer experience while more effectively managing the rewards liability.
The US loyalty and rewards market alone is $65B this year and expected to double in the next 5 years. Ribbit.me's vision is to remove the friction preventing program operators from working together in redemption networks by creating a single ecosystem, the LoyaltyNetwork.
"We are the first company to introduce blockchain and smart contract technology to the loyalty and rewards industry," said Greg Simon, CEO and Co-Founder of Ribbit.me. "This funding will allow us to accelerate development by expanding our team as more behavior incentification opportunities arise beyond the traditional model."
About Ribbit.me
Ribbit.me is reinventing how loyalty is created and rewarded. The technology allows program operators to establish multi-agent redemption networks, effectively manage program liabilities, and offer dynamic issuance/redemption options. For more information visit www.ribbit.me.
About Hayaat Group
Three decades in the Middle East and Europe has cemented Hayaat Group's reputation as one of the premier investment companies in the region. Please visit www.hayaatgroup.com.
About Privity FZ LLE
Founded in 2004, Privity FZ LLE is an independent Dubai-based advisory firm that seeks entrepreneurs with interesting and unique ideas and helps them develop and grow. For more information, please visit www.privitylle.com.
For more information please contact:
Sean Dennis
Co-Founder & COO
sean@ribbit.me
Source: Loyyal
Sectors: Crypto, Exchange, Blockchain Technology, PE, VC & Alternatives
Copyright ©2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Loyyal Broadens IP Portfolio With Latest South Korea Patent Award
June 25 2019 13:00 JST
Loyyal Corporation Expands Global Reach to Australia and New Zealand
May 15 2018 08:00 JST
Loyyal Corporation Expands Global Reach to Australia and New Zealand
May 14 2018 12:00 JST
Loyalty Industry Innovator Thom Kozik Named Chief Commercial Officer of Loyyal Corporation
March 05 2018 09:00 JST
Loyyal partners with MyList to increase e-Gift Card sales through blockchain efficiencies
September 11 2017 21:00 JST
Loyyal expands Board of Directors with hospitality executive Thom Kozik
August 28 2017 20:30 JST
Loyyal Closes Series A Capital Raise
June 20 2017 06:00 JST
Loyyal Closes Series A Capital Raise
June 15 2017 06:00 JST
Loyyal's first Hong Kong-based client, Quidam, to leverage blockchain to expand into China
March 03 2017 23:00 JST
Loyyal collaborates with Smart Dubai in second phase of Dubai Future Accelerators Program
February 23 2017 15:00 JST
More Press release >>
Latest Press Release
MHIET's 500kW-Class Hydrogen Engine Generator Set Achieves Technology Readiness Level for Commercialization
Jun 24, 2026 02:29 JST
DOCOMO Becomes First in Japan to Deploy Nokia's AI-powered MantaRay AutoPilot for Automated Network Optimization
Jun 24, 2026 02:11 JST
Mitsubishi Power and LNGPH Sign Long-Term Deal for Gas Turbine Parts and Services to Advance Energy Resilience in the Philippines
Jun 24, 2026 01:54 JST
Honda to Rename Rugby Team "TOCHIGI Honda HEAT" to Coincide with the Team's New Base of Operation
Jun 24, 2026 00:36 JST
NEC Participates in NATO CCDCOE's Cyber Defense Exercise "Locked Shields 2026"
Jun 24, 2026 00:13 JST
JCB Contactless Expands to Metro de Madrid Enabling Seamless Tap-to-Ride Access Across the Network
Jun 23, 2026 12:00 JST
Fujitsu honored with record-breaking 8 awards at AWS Japan Certification Award 2025, recognized for AI and cloud implementation and talent capabilities
Jun 19, 2026 23:58 JST
Fujitsu spotlights dynamic transformation for business in an AI era as the core theme for the Fujitsu Technology and Service Vision 2026
Jun 19, 2026 23:15 JST
New Heat Dissipation Device Design Achieves a 47% Weight Reduction in an NTN Planar Antenna
Jun 19, 2026 22:39 JST
Hitachi Energy bolsters the regional transformer market with strategic investment in North America
Jun 19, 2026 22:15 JST
Japantastics Introduces Sato Mokko to the World -- A New Chapter in Japanese Artisanal Craftsmanship
Jun 18, 2026 08:00 JST
Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity
Jun 17, 2026 14:54 JST
Fujitsu and IBM Japan collaborate on modernization to support enterprise digital transformation
Jun 17, 2026 14:23 JST
Sharp to Introduce AQUOS R11 Smartphone
Jun 17, 2026 13:59 JST
Honda to Begin Supplying Three High-output Models of the eGX Electric Power Unit Series for Commercial-Grade Work Equipment
Jun 17, 2026 13:44 JST
Eisai Announces Strategic Investment Supported by the UK Government's LSIMF
Jun 17, 2026 13:28 JST
BAE Systems and NEC Sign MoU to Strengthen Japan's Active Cyber Defence
Jun 17, 2026 13:10 JST
Anime Tokyo Station Early Summer Festival
Jun 17, 2026 11:00 JST
Hitachi Energy expands zero-emission power portfolio with HyFlex Compact
Jun 13, 2026 00:06 JST
Hitachi Energy unveils AxoniQ: game-changing solution for the next era of transmission grids
Jun 12, 2026 23:42 JST
More Latest Release >>