Boodil, a startup based in Manchester that specializes in account-to-account payments, has successfully secured £525,000 in pre-seed funding.
Boodil provides an alternative payment solution that integrates into merchants’ checkouts, allowing users to complete transactions using their own banking apps. Customers are encouraged to choose Boodil as their payment option by earning points on their purchases, which can be redeemed for rewards and entered into various prize draws, including holidays, vouchers, and electronic goods.
The funding round for this cardless payment method, slated for launch in Q4 2022, was spearheaded by several business angels, including Louis and Reg Rix, Anthony Morrow, Gary Corbett, 3B4 Investments, and Ben Luscombe.
The company reports it has garnered initial interest from several merchants across various sectors, including retail, automotive, and booking applications.