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Blackbird gobbles up $50M for its blockchain-based payment-loyalty app for restaurants
A founder who has carved out a name for himself building products to help restaurants connect better with would-be diners has raised $50 million for his
A founder who has carved out a name for himself building products to help restaurants connect better with would-be diners has raised $50 million for his latest startup: a new take on the idea of customer loyalty. There are plenty of other loyalty and payment programs in the market — include a number that are direct competitors to Blackbird like Punchh, Toast, Lightspeed, etc. While platforms like Instagram and TikTok have turned the world into armchair foodies, producing legions of people who virally flock to the latest and coolest cafe, they are doing this amid a time of rapidly declining margins and heightened price sensitivity.
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