Thursday, June 9, 2016 5:17:00 AM PDT | VentureDeal
Austin, Texas -- Rewards technology company Buzz Points has secured $1.9 million in new equity venture capital financing, according to an SEC regulatory filing.
Buzz Points has developed an "innovative rewards program that rewards consumers for choosing local businesses over national chains." The system also rewards people for banking with a local community bank or credit union versus major money center banks. Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. A total of seven investors participated in the offering. Jay Valanju Founded the firm in January 2015 and is no longer with the company.
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