Lavish Loyalty, a decentralized networking and loyalty platform for small to medium businesses among the top 7% of applicants selected for Newchip’s exclusive accelerator.
Townsville, Queensland Jul 24, 2021 (Issuewire.com) - Lavish Loyalty, a platform that creates incentives for businesses to purchase within the community and grow in support of each other, was accepted into Newchip's renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 35 countries raise over $300 million in funding.
"Newchip evaluates a vast number of companies from across the globe, selecting less than 7% to be part of our accelerator," says Armando Vera Carvajal, Accelerator Director at Newchip. "This strict selection process makes us an ideal partner for investors looking for promising start-ups. B2B networking companies like Lavish Loyalty can scale quickly with proper funding and guidance. We are excited about Lavish Loyalty and believe they will do well at Newchip."
Launched in March 2021, Lavish Loyalty is on a mission to help small business owners around the world recover from the pandemic and improve their quality of life. Since launching, the company has demonstrated a new way to encourage loyal interactions between business owners.
"Being part of the Newchip Accelerator, we are looking forward to building a reputable team to lead further development," says founder Travis Stroud. "We will be in the best position to attract capital investment and speed up our next product development process."
Lavish Loyalty is a platform that creates incentives for businesses to purchase within the community and grow in support of each other. Founded by Australian Army Veteran, Travis Stroud after serving for 11 years as a communications specialist. Lavish Loyalty is on a mission to help small business owners around the world recover from the pandemic and improve their quality of life.
For more information and to connect with other like-minded small business owners around the world visit https://lavishloyalty.com
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It has three distinct six-month accelerator programs based on the company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit https://launch.newchip.com/.
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