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 Saudi investment firm and a consortium acquired stake in San Francisco blockchain firm

inetloyyal.jpgSaudi investment firm Integrated Networks and a consortium of Middle East investors have acquired stake in Loyyal, a US-based blockchain loyalty and rewards platform, in a series A round which included other Middle Eastern investors as well.

Using blockchain and smart contract technology, Loyyal has built a loyalty and rewards platform to offer multiple industries ways to both improve profitability and engage customers. Established in 2001, iNet is founded by a group of Saudi investors and invests in payments and financial technologies fintech, information and communication technologies, and other strategic global investments. Other investors in this round include UAE Exchange and Hayaat Group.

Integrated Networks iNet is listed in the Middle East Investors Directory with the code SAU29.

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