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To build a platform that works with a bank's legacy systems to create data-driven experiences for merchants and consumers.
Over the past decade, the merchant acquiring industry has grown from strength to strength, due to huge advances in technology, changes to regulation, customer demand and an increase in disruptive payment companies, challenging retail banks for ownership of their merchant relationships. Pollinate is a software business, focused on reinventing merchant acquiring for banks around the world - it was founded with a keen awareness that banks are under increasing attack from FinTech players, and must step up to compete.
The platform powers merchant and consumer digital experiences including onboarding, portals and loyalty programs, without costly and distracting platform migrations. This allows merchants to more effectively manage their businesses with digital tools and data integrations, grow their businesses by connecting with their consumers, and give back to their local communities. The company aims to connect banks and SMEs, offering merchants a chance to manage payments, understand what they mean, and grow their businesses with their own loyalty and offers scheme — all in one place, with fully integrated data flows.
The company is behind NatWest’s Tyl product, which allows merchants to start taking payments within a day of application. Such strategic enterprise partnerships are what Pollinate hopes to use as leverage. For instance, the company already boasts of Microsoft and Mastercard as partners. Pollinate seems to have a few good years ahead of it.
Freddie
Company Specialist at Welcome to the Jungle
Mar 2023
$18.4m
GROWTH EQUITY VC
Mar 2021
$45.5m
SERIES C
This company has top investors
Alastair Lukies
(Co-CEO)Previously Chairman at Innovate Finance for 3 years and Chair at Fintech Alliance for 1 year
Fiona Roach Canning
(Co-CEO)Initially served as the company's Chief Product & Marketing Officer. Previously Business Analyst at Mitchell Madison Group for 1 year and Head of Strategic Insight at Visa for 3 years
Tim Joslyn
(Advisor)Formerly worked as the company's Chief Technology & Data Officer. Previously Advisor at Akkroo for 2 years and Consultant at Concardis. They have gone on to co-found, advise, and serve as the CTO of several companies.