Swipii Cashback App Hires Major Player
Richard McCandless, former leader of ResDiary, joins Scottish cashback app Swipii following a successful fundraising campaign.
21:56 04 May 2021
Swipii has recently raised £900,000 as it looks to quadruple its business network in 2021. The Scottish cashback app, which aims to help local retailers rebuild their businesses post lockdown, has hired former leader of ResDiary Richard McCandless as its commercial director.
Commenting on the move, the firm said: Mr McCandless "will catalyse growth and sales across Swipii, leading the Scottish start up’s commercial efforts and establishing key partnerships", the firm said.
Louis Schena, Swipii co-founder and chief executive, said: “The team at Swipii is delighted to have had such a positive response from the crowd and oversubscribed so early on. Our mission to better connect consumers and local businesses together is inherently social and community based, the crowd will play a vital role in our growth this year and beyond.”
“Last year was all about the product and the team, whilst we doubled down on the technology in anticipation of open markets. Today, we have the cutting edge product, the team, the crowd, the financing and booming reopening markets.
“It’s full-throttle ahead for Swipii this year, we have big plans, and with Richard joining us, these just got accelerated.”
Paul Munn, Par Equity partner, which is one of the investors, said: “We've worked with the team for over two years now, followed up and led this round of funding. The product offering they've developed is best in class and they've taken advantage of the shut markets to extend their runway, double down on the technology and have made some impressive hires to an already all-star team.
"We've seen them aggressively execute on market share acquisition and growth in the past; 2021 is going to be a great year for the local high street across the UK and Swipii is now perfectly positioned. We look forward to seeing Swipii make the most of the opportunity in front of them."