Kalon, Smollan increase stake in SNAPnSAVE

Related article: Microtraction backs Thank U Cash

Kalon Venture Partners and retail solutions company Smollan Group have increased their stake in SNAPnSAVE to exceed a 50% stake in the startup. The new funding round totals USD 491,000 (ZAR 7mn) and forms part of an investment round in which both committed ZAR 14mn.

Read a related article here: Microtraction backs Thank U Cash

About SnapnSave
SNAPnSAVE is a shopping app which gives customers cash back when they shop in-store without a need for paper coupons, plastic cards or loyalty points.

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