Stocard GmbH

Stocard GmbH operates a mobile wallet application that simplifies the management of loyalty cards, allowing users to digitize and easily access their cards from various retailers, enhancing their shopping experience. Founded in 2012 and headquartered in Mannheim, Germany, Stocard GmbH provides a mobile wallet solution for managing loyalty cards. The company has completed 6 funding rounds, with the most recent deal occurring on July 22, 2021. Klarna Bank AB led a TRADE SALE round, acquiring Stocard for EUR 113 million from various previous investors.

The founder's background information is not specified. Stocard primarily functions as a mobile wallet application that enables users to digitize and store loyalty cards from multiple retailers. It enhances user experience by providing features such as the Card Assistant, which suggests relevant loyalty cards based on the user's proximity to participating stores. The app serves over 49 million active consumers globally, with significant usage in Europe, North America, and parts of Asia, appealing to both everyday shoppers and retail employees.

In the most recent fiscal year, Stocard reported revenue of EUR 14,218,949. 50 and an EBITDA of EUR 4,674,101. 80. The company's revenue is generated through strategic partnerships with retailers, integrating loyalty programs within the app to facilitate a seamless user experience while hosting promotional content for additional revenue streams.

Stocard plans to leverage its recent funding to enhance product offerings and expand into new geographic markets. The company is focused on launching new features in the app that cater to evolving consumer needs. Expansion efforts are targeted towards markets in Asia and North America by 2024, aiming to increase user engagement and reach. The EUR 113 million from the most recent deal will support these initiatives, providing the necessary capital for product development and market entry.