Top Super App Stories This Week:

• Money Super App Woolsocks Expands Financial Ecosystem with Acquisition of Loyalty App

• Magnati and RAKBANK Join Forces to Offer Embedded Finance Solutions to Businesses

• Collectibles.com Launches Innovative Super App to Identify, Manage, and Value Collections--Tapping into a $500 Billion Market

1. Woolsocks, The Money Super App, Expands Financial Ecosystem with Acquisition of Loyalty App

Woolsocks AG, the Financial Super App created by the founders of DEGIRO, has acquired the loyalty app OK, furthering its expansion across Europe. This acquisition follows Woolsocks' recent purchase of Hiiper, a data and insights company, solidifying its position as a leader in money management and savings tools. The OK-app will remain operational for current users, while Woolsocks will integrate new features and advanced data insights for brands through open banking technology, allowing them to manage marketing campaigns more effectively and deepen customer engagement.

With the integration of OK’s features, Woolsocks will offer over 5 million users across multiple European countries enhanced services, including the ability to store and manage loyalty cards, gift cards, and coupons from major retailers like IKEA and Decathlon. This move benefits both users and brands, providing a seamless savings experience and empowering retailers with data-driven insights to optimise marketing campaigns and track their effectiveness across multiple channels, including online and traditional media.

Woolsocks is a FinTech with over 5 million active users across 7 European markets. Through innovative open banking technology, Woolsocks enables brands to optimise promotions, gain unique insights on consumer behaviour, and boost revenue with hyper-personalised, data-driven marketing and loyalty campaigns. Key app features for customers:

• Smart Money Management: Personal finance tools, subscription management, commission-free investing, and tailored savings and investment plans.

• Rewards & Savings: Personalized shopping rebates, loyalty programs, and rewards on vouchers and gift cards.

• Payments & Transfers: Fast and secure remittances, Buy Now, Pay Later, and innovative fundraising solutions.

Source: Business Insider

2. Collectibles.com Launches Innovative Super App to Identify, Manage, and Value Collections

Collectibles.com has launched a Super App that provides a comprehensive solution for collectors, offering features like photo scanning, real-time item identification and valuation, collection management, and access to historical pricing data. It also includes a global community aspect where users can showcase and share their personal collections through custom profiles, participate in category-specific galleries, and discover off-market items. This all-in-one platform is tailored for both hobbyists and serious collectors, aiming to simplify collection management and unlock new opportunities in the $500 billion collectibles market.

The app's AI-driven technology offers seamless management of various types of collectibles, from sports cards to action figures and memorabilia. Users can scan items for instant identification and valuation, while the platform provides detailed product descriptions and historical data for informed decision-making in buying, selling, or trading. The super app also highlights hidden inventory, turning once-overlooked collectibles into valuable assets for sale or trade. Collectibles.com has grown from a sports card service to a multi-category platform with over 300,000 users and 100 million data points.

Collectibles.com is transforming the collectibles industry by providing a data-driven ecosystem that offers collectors deeper insights and smarter decision-making tools. With a community-focused approach and extensive proprietary data, the platform allows users to connect with fellow collectors, share stories, and explore the full value of their collections. Available on both iOS and Android, as well as on the web, Collectibles.com is establishing itself as a central hub for collectors, fostering a vibrant, global community and offering unparalleled features for organizing, managing, and uncovering the true potential of their collections.

Source: PR Web

3. Magnati and RAKBANK Join Forces to Offer Embedded Finance Solutions to Businesses

Magnati, a Middle East-based payment solutions provider, has entered a strategic agreement with RAKBANK to introduce a merchant financing platform. This collaboration aims to provide small and medium-sized enterprises (SMEs) with easier access to credit facilities by using real-time point-of-sale (POS) transaction data for underwriting decisions. The platform will offer a range of services, including business loans, invoice financing, equipment financing, and insurance. By leveraging these tools, Magnati and RAKBANK seek to meet the financial needs of SME merchants more efficiently and facilitate their growth within the UAE's entrepreneurial sector.

RAKBANK's involvement brings its expertise in SME lending, enabling simplified loan applications with repayments automatically deducted from daily payouts, optimizing cash flow management. The platform's use of real-time merchant financial data ensures faster and more accurate lending decisions, supporting long-term business sustainability. This partnership follows RAKBANK's recent collaboration with Bitpanda, where the bank plans to offer digital asset management to UAE residents, furthering its commitment to innovative financial solutions.

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is one of the oldest and most prominent commercial banks in the United Arab Emirates (UAE). Established in 1976, it provides a wide range of personal and business banking services, including accounts, loans, credit cards, insurance, and investment products. RAKBANK is a public joint-stock company headquartered in the Emirate of Ras Al Khaimah, in the United Arab Emirates. It is listed on the Abu Dhabi Securities Exchange.

Source: The Paypers

That's It For This Week!

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