London, UK, June 20th, 2024,
FinanceWire
Payments and wallets fintech HyperJar has signed a
deal with Festival Republic, the
Live Nation owned festival
operator, to provide the UK’s leading live entertainment promoter
with world-first digital vouchers for this year’s Reading &
Leeds Festival. The vouchers are powered by HyperJar’s B2B
technology platform, HyperLayer.
HyperJar won a competitive bid to provide a digital wallet and
loyalty program that allows and incentivises festivalgoers to
top-up a spending balance in advance of an event, which can then
only be spent with festival vendors. More than 200,000 people will
head to Reading & Leeds Festival this year, making it the 2nd
largest festival in the UK.
HyperJar’s Chief Commercial Officer, Nicola
Longfield, says: “This project is the perfect
showcase for HyperLayer’s exceptional tech, and we were able to
deliver exactly what the team at Festival Republic needed to a
tight deadline. Our smart vouchers offer organisations a unique way
to incentivise loyalty before consumers wants to spend, and then to
direct where the balance can be spent – from a single store to
site-wide retail units at huge events like the Reading & Leeds
Festival.”
People can buy the festival smart vouchers for themselves or as
a gift, both from a web-based voucher page and from the free,
award-winning HyperJar spending app. They are redeemed
automatically when festivalgoers spend in any outlet at the events
using their HyperJar debit cards.
Festival Republic Managing Director, Melvin
Benn, says: “HyperJar was the right business with the
right tech to meet our brief. This is an exciting step in Festival
Republic's ongoing commitment to enhancing our customer’s
experience and utilising new digital
platforms.”
About HyperJar and
HyperLayer
HyperJar is a London-based Fintech. It raised
Series A funding of $24M in 2023, one of the largest Series-A
rounds for a European business that year. Its award-winning digital
wallet is a brilliantly effective, visually engaging spending app
with a prepaid debit card that helps people to Spend Life Well.
Behind the simple idea of managing money in digital jam jars is a
lot of world-first tech, offering access to all types of rewards
from leading brands alongside unique tools for partitioning,
planning, sharing and controlling money. The app currently has
600k+ customers and is a top-rated digital account on the major UK
review and app store sites.
HyperLayer is the company’s B2B venture. It
provides digital wallet tech globally to organisations who want to
offer spending and other services to their customers or employees.
These organisations include banks, asset managers, pension funds,
merchants, and any enterprise whose clients are also
spenders.
Since public launch into UK app stores in Q4 2020, HyperJar has
won 14 awards for its app and proprietary technology:
Consumer Finance Product of the Year, FStech Awards
2024
Money Management Platform of the Year, Payments Awards
2023
Best Mobile Payments Solution, Payments Awards 2023
Best Consumer Payments Platform, PAY360 Awards 2023
Best Children’s Financial Provider, British Bank Awards
2023
Banking Tech of the Year, UK FinTech Awards 2023
Best Use of Mobile, FStech Awards 2023
Best Future Payments Initiative, Card & Payments Awards
2023
Startup of the Year, UK Fintech Awards 2022
Personal Finance Tech of the Year, UK Fintech Awards
2022
Best Payment Industry Newcomer, Card & Payments Awards
2022
Innovation of the Year, British Bank Awards 2022
Highly Commended, Best Personal Finance App, British Bank
Awards 2022
Most Disruptive Payments Technology of the Year, Payments
Awards 2021
Money Management App of the Year, Payments Awards
2021
About Festival
Republic
Festival Republic, part of the Live Nation Entertainment Group,
is the UK’s leading festival and event promoter, boasting a
portfolio of well-known brands including the country's biggest
music festivals Reading & Leeds, as well as Latitude, Wireless,
Wilderness, The Great Escape and Electric Picnic in Ireland. It
also hosts shows at London's most iconic outdoor music venues:
Finsbury Park, Crystal Palace Park and Gunnersbury Park. For
details on Festival Republic and its events, users can
visit www.festivalrepublic.com.
About Live Nation
Live Nation Entertainment is the world’s leading live
entertainment company comprised of four market leaders:
Ticketmaster, Live Nation Concerts, Artist Nation Management and
Live Nation Media/Sponsorship. For additional information, visit
www.LiveNationEntertainment.com. In 2019 we
connected 98 million fans to 40,000 events in 42 countries.
Ticketmaster.com is the global event ticketing leader and one of
the world’s top five eCommerce sites, with over 26 million monthly
unique visitors.
Live Nation Concerts produces over 20,000 shows annually for
more than 2,000 artists globally. Front Line is the world’s top
artist management company, representing over 250 artists. These
businesses power Live Nation Network, the leading provider of
entertainment marketing solutions, enabling over 800 advertisers to
tap into the 200 million consumers Live Nation delivers annually
through its live event and digital platforms. For additional
information, users can visit http://www.livenation.com/investors.
Contact
Head of brand &
communications
Tricia
Beaumont
HyperJar
Ltd
tricia.beaumont@hyperjar.com