£70k
0.15% stock options
Social shopping and rewards app
Job no longer available
Social shopping and rewards app
1-20 employees
Job no longer available
£70k
0.15% stock options
1-20 employees
To be the go-to marketing channel for major retailers across the UK.
Desirable
Fygo was founded in 2020 to combine social with financial rewards for students: think the internet extension Honey, but for real life and with no codes required. It does this by paying users a large percentage on daily purchases made using debit cards in digital services, physical stores, and e-commerce.
Fygo offers users instant, automatic cash rewards when Gen Z spend with their normal bank card at partner businesses. Users can also unlock extra money by exchanging gifts with friends, see what's hot, and discover new places to shop. It takes a social-motivated approach by offering students more money back when spending with friends, and is built for clubs, societies, and friendship groups. This brings collective money-making to university life, helping students get higher value from otherwise boring, everyday purchases. Furthermore, businesses can increase revenue by gaining higher footfall, bigger average transactions, and stronger customer loyalty from Gen Z-ers.
Since founding, Fygo has received financial backing from Utility Warehouse chairman Charles Wigoder and was part of the Hogan Lovell 2020 fintech cohort. In the future, Fygo aims to boost expand across throughout universities internationally and continue feeding the synergy between the social and finance sectors.

Freddie
Company Specialist at Welcome to the Jungle
Jun 2021
$4m
Jun 2020
$0.6m
Finsbury, London, UK
Toby Lowenstein
(Co-founder)Toby studied at Durham and St Andrews, gaining experience in finance with internships at Morgan Stanley and Lazard before co-founding Saintpass. In March 2020, he used this experience to co-found Fygo.
Jonah Lowenstein
(Co-founder)While studying International Relations at St Andrews, Jonah undertook several internships and founded the Student Startup Podcast. He co-founded Fygo in March 2020.
Ben Champion
(Co-founder)Ben holds a first class degree from St Andrews, having studied also at Bocconi University. He's worked at BBVA's Fintech Accelerator and bootstrapped online businesses to profitability.
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