About Ackroo
Ackroo is a company based in Ottawa (Canada) founded in 2012 was acquired by Paystone in December 2024.. Ackroo has completed 6 acquisitions, including Appetite, GGGolf and InterActive DMS. Ackroo offers products and services including Gift Card Program, Loyalty Program, Payment Processing, Petro & C-Store Solutions, and InterActiveDMS. Ackroo operates in a competitive market with competitors including EasyRewardz, Kognitiv, Tillo, LoyaltyOne and O4S, among others.
- Headquarter Ottawa, Canada
- Stage Public
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Sectors
RetailTechnology Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3 M (USD), Post-IPO
Oct 20, 2020
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Investors
RBC Royal Bank
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Appetite
& 5 more
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Acquired by
Paystone
(Dec 12, 2024)
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Products & Services of Ackroo
Ackroo offers a comprehensive portfolio of products and services, including Gift Card Program, Loyalty Program, Payment Processing, Petro & C-Store Solutions, and InterActiveDMS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for selling and managing digital and physical gift cards.
Tools to reward customers and boost repeat business.
Secure platform for accepting various payment methods.
Loyalty tools tailored for convenience stores.
Software for managing automotive dealership operations.
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Funding Insights of Ackroo
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $3.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - Ackroo | Valuation |
investors |
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| Jun, 2019 | Amount | Debt – Conventional - Ackroo | Valuation |
investors |
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| Aug, 2018 | Amount | Debt – Conventional - Ackroo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ackroo
Ackroo has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include RBC Royal Bank, Paystone and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services for small and medium-sized enterprises are provided.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to businesses and individuals.
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Founded Year | Domain | Location | |
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SME loans are provided to support business exports.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ackroo
Ackroo has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Appetite, GGGolf and InterActive DMS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Customizable gift cards are personalized via an online platform.
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2022 | ||||
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Offers credit services, background checks, and simplified payment solutions.
|
2012 | ||||
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Mobile wallet-cum-rewards and engagement platform
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ackroo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ackroo Comparisons
Competitors of Ackroo
Ackroo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EasyRewardz, Kognitiv, Tillo, LoyaltyOne and O4S, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based CRM, loyalty, and conversational commerce solutions are delivered.
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| domain | founded_year | HQ Location |
Loyalty program services are provided from Waterloo, Canada.
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| domain | founded_year | HQ Location |
Employee rewarding platform
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| domain | founded_year | HQ Location |
Coalition loyalty programs are designed for Canada and Brazil.
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| domain | founded_year | HQ Location |
Cloud-based rebate automation and loyalty management platform is utilized.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ackroo
Frequently Asked Questions about Ackroo
When was Ackroo founded?
Ackroo was founded in 2012.
Where is Ackroo located?
Ackroo is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
What does Ackroo do?
Founded in 2012 and based in Ottawa, Canada, Ackroo operates in the SaaS sector focused on retail and customer engagement tools. Customized loyalty programs are designed using templates suited to various business types, with integration options via payment terminals or virtual setups on PCs. Gift card solutions are incorporated into business websites to support seamless operations and client retention strategies.
Who are the top competitors of Ackroo?
Ackroo's top competitors include EasyRewardz, Kognitiv and Tillo.
What products or services does Ackroo offer?
Ackroo offers Gift Card Program, Loyalty Program, Payment Processing, Petro & C-Store Solutions, and InterActiveDMS.
How many acquisitions has Ackroo made?
Ackroo has made 6 acquisitions, including Appetite, GGGolf, and InterActive DMS.
Who are Ackroo's investors?
Ackroo has 4 investors. Key investors include RBC Royal Bank, Paystone, BDC, and Export Development Canada.
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