A Manchester tech start-up which uses NFC stickers to transform “inefficient and often unprofitable” physical spaces has raised £1.5m in seed funding.
Sticky says its no-code operating system can make every interaction and payment take 10 seconds or less and hopes to use the cash to become the “de facto solution” for the global leisure and retail markets.
The fundraise was led by Praetura Ventures with backing from Cornerstone VC and follow on funding from SFC Capital as well as new angel investors.
“We help our customers see their physical space as an asset and as a way to make more money. The future of physical spaces is well debated but at Sticky there is no debate about their future or value – they are where we all live and work,” explained Priscilla Israel who co-founded the company with James Garner.
“Tapping a sticky is as easy as a contactless payment so there is no need to open a camera, have high connectivity or enter any data, things which cause friction for businesses when relying on QR codes, apps and card machines. With one tap of a sticky an interaction or payment is complete in less than 10 seconds. By applying this technology to their payments stack or replacing it entirely, our customers can turn anything into a point of sale, increasing revenue, speed of service and customer satisfaction.”
