Loyyal Continues Global Expansion with Asia-based Investors
LINE CORP (LN)
US:NYSE Investor Relations:
linecorp.com/en/ir/library
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Source: PR Newswire
SAN FRANCISCO, July 31, 2019 /PRNewswire/ -- Loyyal, the industry leader in bringing the power of blockchain technologies to loyalty and incentive programs, announced today that it has received investments from three leading Asia-based firms, Unblock Ventures Limited - LINE Corporation's blockchain investment company, Recruit Co., Ltd., and Monex Group, Inc. Together, these firms provide Loyyal with unparalleled access to the Asian market for loyalty and incentives, among the largest in the world with over 80% consumer adoption across the Retail, Travel & Hospitality, and Services sectors. Also participating in this round is one of Loyyal's original Series Seed investors, Dubai-based Hayaat Group."We're extremely confident in Loyyal, and the company's approach, as this investment shows," said Matthew Lee, CEO of Unblock Ventures, subsidiary of LINE Corporation, "and the strength of various loyalty programs across Asia presents a unique opportunity for Loyyal in the market. With the st
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