Joko secures €1.6 million from Partech, Axeleo Capital, and Lafayette Plug and Play

Joko, a Paris, France-based startup developing a mobile app helping consumers with financial savings, announced that it raised €1.6 million ($1.8M) in capital funding.

The money was provided by investors from France, including Partech, Axeleo Capital, and Lafayette Plug and Play.

Joko, founded in 2018 by CEO Xavier Starkloff, COO Nicolas Salat-Baroux and CTO Alexandre Hollocou, aim to reinvent loyalty cards by integrating them into credit or debit cards. They use a mobile app that transforms an individual’s credit or debit card into their loyalty card, as it aggregates the loyalty points and converts into gift cards or donations to charitable associations.