Cardlytics, a consumer advertising startup which delivers targeted promotions within bank and credit card statements, announced a major strategic investment today:
“It has signed a long-term global strategic alliance with Groupe Aeroplan, a global leader in loyalty management. As part of the alliance, Groupe Aeroplan and existing investors are injecting an additional $33 million in capital to fund U.S. and International growth.”
Groupe Aeroplan is a loyalty management company that has a wide international presence and is hoping the alliance with Cardlytics will facilitate its expansion into the United States.