FinTech firm Airtime Rewards is creating ‘at least’ 20 new roles at its Manchester HQ in the next 12 months.
The mobile loyalty app invites customers to save money on phone bills by shopping either online or on the High Street. It uses its own transactional technology together with Visa and Mastercard and major Mobile Network Operators to incentivise and reward members to shop at participating merchants.
As part of its growth strategy, the business recently upscaled to a 4,000 sq ft office in the heart of Manchester and it has received investments from Telefonica, as well as a £1 million boost from the Northern Powerhouse Investment Fund.
Adam Ward, CEO of Airtime Rewards, said: “It gives us great pride to build the core of our team and business in our home city and Manchester’s emerging FinTech scene.
“We have strong targets for the year and we are on track to have over a million members, 100 retailer partners and to achieve turnover of £15 million this year. There’s also lots of exciting new features in progress for our members, including; premium accounts, personalisation, gamification, and open banking in the development.”
To date, more than 550,000 members have joined the free Airtime Rewards App, spending more than £20m a month through the platform. Retail partners include Waitrose & Partners, Topshop, PizzaExpress, Argos, Nike, Wilko, and Holland & Barrett.
The business says it is on target to reach £15m in revenue in 2020, having hit £3.2m in 2019 and reached profitability.
