The founders of Tuck, a Leicester cash-back startup, say they’re proud, grateful and excited about closing their second funding round.

The startup, which uses open banking to enable shoppers to get money back when they shop at independent retailers, opened their investment round at the start of March aiming to “transform the £18bn hospitality data and marketing industry”.

Following a successful raise two years ago, after which the company was valued at £1.5m, they’ve completed their second round.

COO Dhruvesh Ranpura said:

“Investment round closed! It felt like deadline day yesterday but glad we finally made it. Very proud to announce that our investment round is complete!

“We have learned a tonne of things along the way, spoken to industry professionals and discovered many problems that our tech can solve. Vision reshaped.”

CEO Neel Thakrar said:

“I want to extend a huge thank you to all of the investors who have believed in our vision and supported us to date. This investment will enable us to take tuck. to the next level through our data and technology.

“The next chapter is shaping up to be incredibly exciting, and I can’t wait to share our progress with all of you.”