The startup offers a business-to-business digital payments platform that enables seamless transactions through mobile, desktop, and wearable devices without incurring late or over-the-limit fees. This solution enhances digital engagement and customer loyalty for enterprises by simplifying everyday payment processes.
Funding
$6.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle to implement effective digital loyalty and rewards programs due to the complexities of integrating various payment systems and the need for customized user experiences. Traditional loyalty programs often lack the flexibility to adapt to evolving customer behaviors and preferences across different digital channels.
Solution
Novae provides a B2B smart payments platform that enables businesses to create and manage digital loyalty and rewards programs. The platform offers a white-label solution that integrates with existing payment systems, allowing customers to redeem rewards across multiple channels, including mobile, desktop, and wearable devices. By leveraging behavioral economics, Novae helps businesses understand their users better and create personalized experiences that drive digital engagement and customer loyalty. The platform's digital capability framework brings added value to fintech, insurtech, and loyalty brands, offering features such as split payments, multi-source transactions, digital currency support, and instant issuance.
Target Audience
The primary target audience includes fintech, insurtech, and loyalty brands seeking to enhance customer engagement and loyalty through digital payment solutions.
Features
- White-label loyalty platform providing differentiated travel content, travel protection, and customer service
- End-to-end digital miles redemption options contextual to consumers
- Integration with 61+ million merchants worldwide for online and in-store redemption
- Support for mobile payments through the app and major e-wallets
- Split payment functionality
- Multi-source pre- and post-transactions
- Digital currency support
- Instant issuance capabilities
- AI-powered messaging services