Country for PR: United States
Contributor: PR Newswire New York
Thursday, August 01 2019 - 11:00
AsiaNet
Loyyal Continues Global Expansion with Asia-based Investors
SAN FRANCISCO, August 1, 2019 /PRNewswire-AsiaNet/ --

--Investments from Unblock Ventures owned by LINE Corporation, Recruit and 
Monex provide strategic access and growth opportunities in Asia's leading 
loyalty program markets 

Loyyal, the industry leader in bringing the power of blockchain technologies to 
loyalty and incentive programs, announced today that it has received 
investments from three leading Asia-based firms, Unblock Ventures Limited - 
LINE Corporation's blockchain investment company, Recruit Co., Ltd., and Monex 
Group, Inc. Together, these firms provide Loyyal with unparalleled access to 
the Asian market for loyalty and incentives, among the largest in the world 
with over 80% consumer adoption across the Retail, Travel & Hospitality, and 
Services sectors. Also participating in this round is one of Loyyal's original 
Series Seed investors, Dubai-based Hayaat Group.

"We're extremely confident in Loyyal, and the company's approach, as this 
investment shows," said Matthew Lee, CEO of Unblock Ventures, subsidiary of 
LINE Corporation, "and the strength of various loyalty programs across Asia 
presents a unique opportunity for Loyyal in the market. With the strength of 
Loyyal's technology and intellectual property, we are excited to support 
Loyyal's efforts to expand their customer base in the region."

"We see Loyyal's blockchain technology along with growing partner network as 
the catalyst for the evolution of loyalty programs in Japan and throughout the 
region," said a Vice President with Recruit Strategic Partners. "We see a 
strategic opportunity to supercharge these programs among our local and 
regional partners by introducing Loyyal's unique capabilities, bringing both 
cost reductions and new sources of revenue to these program operators."

"Monex Group, through its investments and partnerships, is focused on the 
future of money, and Loyyal's platform presents the most capable approach we 
have seen to bring liquidity to the more than five trillion US dollars worth of 
value locked up globally in consumer's loyalty accounts" said Oki Matsumoto, 
Chairman and CEO of Monex Group, Inc. "There is a large market opportunity in 
Asia-Pacific for Loyyal, and we're excited to be part of expanding Loyyal's 
capacity here in Japan."

Greg Simon, CEO, and Founder of Loyyal said: "Having worked in Tokyo's banking 
sector for several years earlier in my career, I'm intimately aware of how 
powerful loyalty programs are in the region. This perspective factored greatly 
to our initial concepts when creating Loyyal, so it's a culmination of those 
aspirations to now have the support of Unblock Ventures, subsidiary of LINE 
Corporation, Recruit Co., Ltd., and Monex Group in expanding our growing client 
based across Asia-Pacific."

About Loyyal
Loyyal, the Internet of Loyalty, is reinventing how loyalty is created, 
rewarded, and managed. Using proprietary blockchain and smart contract 
technology, Loyyal's interoperable loyalty and rewards platform brings a host 
of benefits to a highly fragmented industry and offers brands an innovative way 
to unlock the billions of dollars in value held captive in legacy loyalty 
programs today. For information about Loyyal, please visit www.loyyal.com or 
email info@loyyal.com. 

About Unblock Ventures Ltd.
Established in Hong Kong, Unblock Ventures Ltd. invests in early stage 
blockchain technology companies. The company is owned by LVC Corporation - LINE 
Corporation's blockchain-focused subsidiary.

About LINE Corporation
Based in Japan, LINE Corporation (NYSE:LN/TSE:3938) is dedicated to the mission 
of "Closing the Distance," bringing together information, services and people. 
The LINE messaging app launched in June 2011 and since then has grown into a 
diverse, global ecosystem that includes AI technology, fintech and more. 

About the Recruit Group
Founded in 1960, the Recruit Group creates and provides platforms that connect 
companies and consumers. Headquartered in Tokyo, Japan, the Group offers a wide 
range of services in a variety of areas including human resources, education, 
housing and real estate, bridal, travel, automobiles, dining and beauty. The 
Group has more than 45,000 employees and operates in more than 60 countries. 
For more information, please visit the company's website at 
https://recruit-holdings.com/.

About Monex Group, Inc.
Monex Group, listed in the Tokyo Stock Exchange, is a major online financial 
institution that operates retail online brokerages in Japan, US, China 
(including Hong Kong), and Australia. In addition, the Group offers business 
services in asset management, investor education, M&A advisory and 
international forex.

About Hayaat Group
Hayaat Group is a diversified principal investments group in a unique position 
to create growth and accelerate success. It partners with founders, management, 
and other stakeholders in accelerating, or maintaining value creation momentum 
through capital, capabilities and experience. The group's interests are 
diverse, ranging from next generation disruptors to real estate, urban 
regeneration, and asset management. Two decades in the Middle East and Europe 
has cemented Hayaat Group's reputation as one of the premier investment 
companies in the region. Please visit www.hayaatgroup.com for more details.
 
SOURCE: Loyyal Corporation

CONTACT: Loyyal Corporation, Phone: +1 415-627-7121, Email: info@loyyal.com


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