May 22, 2015
Advertising technology company, Edo Interactive has raised $20 million in Series E funding and has named Souheil Badran as the new president and CEO of the company. So far, the company has raised $93.5 million in funding in 11 rounds from 9 investors.
Badran has enormous experience in the payments services industry. He joined Edo Interactive from Digital River, where he was the Group Executive and General Manager for the company’s payments line of business. Badran also carries the experience of being in leadership positions in companies like World Payments, First Data Corporation, VeriSign, Digital Insight and Metavante Corporation.
Edo’s service helps merchants to acquire new customers, reward current customers, increase redemption rates and close the loop between online advertising and in-store results. It provides a platform for merchants to personalize offers and make them automatically available through credit or debit cards and mobile devices. It helps banks to attract new customers and build customer loyalty as well as boost cardholder spending. Consumers get instantly redeemable offers tailored to their shopping habits through their existing cards.
Edo connects advertising with in-store results. The company’s card-linked offer platform provides insight and clarity into consumer spending behavior which helps marketers, merchants and banks to increase loyalty and target new customers with instantly redeemable offers tailored to individual shopping habits.
The company provides eoCommerce offers which combines purchase and location data to deliver highly-targeted, real time offers tailored to consumer shopping activity and location. It is the first and only multi-channel, in-store advertising solution to combine purchase and location data to deliver targeted offers in real time to the shoppers.
Edo has more than 200 banks enrolled on its platform, with more than 200 million cardholding customers. The company has more than 500 merchant partners including Whole Foods Market, The Body Shop, Qdoba Mexican Grill, Boston Market, Crate & Barrel, Caribou Coffee, Best Buy and others.
About Edo Interactive
Edo Interactive is a company that focuses on the intersection of payments & advertising. It provides personalized offers and makes them automatically available through debit and credit cards. Edo was founded by Ed Braswell in 2007. The company is headquartered in Nashville with additional offices in Chicago, New York and Atlanta.