Tail has been acquired by Quantum Group, a FinTech incubator.
In Brief:
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Tail provides cashback solutions to eliminate the need for loyalty cards.
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It has worked with Monzo and Starling through its API.
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The mobile solution transfers cashback directly to the customer’s account.
What does this mean?
Tail was founded in 2016 and a year later launched its first challenger bank integration with Starling. Quantum Group acquired 30% of the business in 2019 and says it will now look to increase the number of partners Tail has.
