Cashback app GreenJinn has today launched its聽crowdfunding campaign on Crowdcube, and has already hit 22 per cent of its target.
The company is aiming to聽raise 拢600,000 in total to add new brands and shops to its offering and take its technology to the next level.
Launched in October 2016 GreenJinn App, which counts Sainsbury鈥檚 and Waitrose among its clients, provides personalised cashback coupons on everyday groceries, believing that everybody should be able to afford good quality products and nutritious food.
GreenJinn CEO Giuseppe Licari commented: 鈥淲e consider our early users as GreenJinn鈥檚 鈥榝ounders鈥� and we are happy to involve them at this important stage, together with new enthusiasts.
鈥淕reenJinn is the only cashback app on market actively promoting healthy living and developing personalisation.
鈥淲e aim to offer our users their best fit in terms of coupon selection, timing and convenience. Only what you like, when you need it.
鈥淲e鈥檙e confident that with a successful crowdfunding round, we can make this a reality鈥� we have our community with us!鈥�
In less than 24 hours since the campaign went public, 66 鈥榗rowd鈥� investors have already backed the campaign, ranging from university students and families to CEOs, executives and professionals such as Guerrino De Luca, former Logitech CEO and SVP Marketing at Apple.
The largest single investment to date is 拢100.000. The average investment size is 拢2,035 and the smallest amount invested is 拢10.
Capital raised from the campaign will be used to add new supermarkets (both offline and online), add more brands and improve the personalisation system on the app in order to skyrocket the mobile coupon revolution.
Within its first year, GreenJinn has attracted over 40,000 UK shoppers and aims to be the go-to app for saving money on groceries.
Currently two of the UK鈥檚 biggest supermarkets, Sainsbury鈥檚 and Waitrose, are featured on the app and the team plans to add one other major UK supermarket chain straight after the crowdfunding campaign.