Qiibee Raises $4.8m from a Seed Funding Round
- Aided by the raised funds, Qiibee intends to improve the various services offered to its existing customers
After concluding a seed funding round, a renowned B2B reward marketplace, Qiibee has now acquired $4.8 million. Notably, the round was led by Z5 capital alongside other prominent institutional investors. The league of investors includes prominent personalities from Barclay’s venture, OMD worldwide, and Space Matters.
Quibee expectation on Funds from the round
Aided by the raised funds, Qiibee intends to improve the various services offered to its existing customers. Furthermore, the B2B marketplace wants to expand its team and service delivery in a bid to cover more prospective and potential investors.
The CEO of Qiibee, identified as Gabriele Giancola revealed how his team is working on making rewards tradable via B2B. According to Giancola, such efforts tend to pave the way for users of the platform to extend their respective networks.
He remarked that the development will also help to connect users with global organizations, and established projects in the NFTs and Crypto space. The CEO further said that the B2B firm plans to consistently link loyalty programs with its new subscribers. Giancola emphasized that the B2B platform aims to take the industry to another level. The raised funds, according to him, will help Qiibee achieve these goals.
Worth noting, Investor and co-founder of Z5 capital, Arun Ramamoorthy, reflected on his participation in the funding process. The investor cited Qiibee’s visionary ideology as a point of conviction to invest in the platform. Ramamoorthy illuminated the platform’s willingness to give organizations access to the blockchain space. The investor overtly expressed his excitement about the development, stressing that it tends to foster positive rewards in the near future.
Side Notes
Recall that the B2B marketplace, in collaboration with a Swiss luxury watch designer, Louis Erard launched a loyalty program in 2021. The program emerged as the first of its kind. It reportedly allows members of the designer community to trade their loyalty tokens for cryptocurrency. As designed, the loyalty program through the offering of numerous tokens helps to decrease integration costs, enhance users’ experience and strengthen the brand’s patronage.
More so, it includes a specially designed Loius Erard web application. The app helps members of the community to monitor their transactions and claim rewards. The innovation eliminates the rigorous process of claiming rewards within the brand’s community. However, for every transaction, members of the community will get rewards in Louis Erard points. The inclusion of Qiibee will help them trade the points at their convenience.
Notably, Qiibee functions as a prominent B2B reward platform, based on the blockchain. The platform seamlessly offers access to global organizations, incentives, a vast community, and Crypto and NFT projects. With support from experts, the platform aims to unleash the purchasing might of the reward ecosystem. Thus, offering marketability and liquidity to community incentives.
Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”
