International legal practice Osborne Clarke has advised Yoyo Wallet on their £12m Series B fundraising from wholesale and food retailer Metro AG, asset managers Woodford Investment Management and tech investor Touchstone Innovations.
Launched in 2013, Yoyo Wallet is the UK’s fastest growing mobile payment app. The app allows customers to earn loyalty rewards and receive personalised offers, whilst offering retailers the opportunity to influence and simplify their customer’s purchasing behaviours.
Yoyo is the mobile payment and loyalty strategy partner of Caffè Nero and has been successfully launched in 640 of their stores. The new funding will help Yoyo continue expanding it partnerships with UK high-street retailers and power its expansion into Europe.
Yoyo Wallet is a valued client of Osborne Clarke, as the team has previously advised on their Series A round of funding in April 2015. The Corporate team who advised on the transaction were Partner Robert Wood and Associate Tom McGinn.