Joko announced completing a €10 million Series A round backed by existing French investors Partech and Axeleo.

Joko, a Paris, France-based startup building a mobile loyalty app used for financial savings, announced securing funding to the company in a €10 million ($11.8M) Series A investment round.

The money was raised from existing investors Partech, Axeleo Capital and Alpha Capital Partners UK.

Joko, founded in 2018 by CEO Xavier Starkloff, Nicolas Salat-Baroux and Alexandre Hollocou, developed a cashback solution application available both on a mobile app or as a browser plugin. The company, backed by 25 empoyees, claims to have more than 500,000 users and a 1,000 partner merchants including Leroy Merlin, Franprix, Galeries Lafayette, Aldi, But, Asos, Cdiscount, Heetch, Cityscoot, Birchbox or ManoMano.

Prior to this round, Joo raised €1.6 million from Partech, Axeleo Capital, and Lafayette Plug and Play in 2019.