Ubamarket

Overview
News
Automated Stores?
Product stageSegments
Minimum Viable Product
?
Self-checkout
?

Ubamarket offers “Scan Pay Go,” a white-label self-checkout mobile app with scan-as-you-go checkout capabilities, remote stock checking, and satellite navigation. Customers can use Ubamarket’s app to scan barcodes of the products they purchase and pay digitally to complete the transaction. The app provides a “Magic Shopping List” feature that enables shoppers to create a shopping list in the app. The “in-store satellite navigation” feature of the app would guide the shoppers through the store to locate the items on their shopping list. Ubamarket’s other features include AI-driven loyalty points, personalized offers, and recipe shopping.

Ubamarket also offers a mobile device-based ordering and payment app for the restaurant industry named “NOMM.”

Key customers and partnerships

Ubamarket’s Scan Pay Go app was adopted by the supermarket and grocery retailers across the UK and Ireland, including Budgens, Nisa, Central Co-op, Go Local, Morrisons, and SPAR. 

Ubamarket was integrated with EPoS (electronic point of sale) provider Point Four in October 2021 to deploy its tech at more than 1,000 retail stores across the UK.

Funding and financials

In February 2024, UbaMarket raised GBP 1.25 million (USD 1.59 million) in venture funding from IW Capital to fund its growth in the UK. The company planned to invest the funds on its technical integrations, store group launches, and retail rollouts.

HQ location:
42 Bruton Place Mayfair London GBR
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 8.7 mn
Last Funding:
USD 1.6 mn (Series Unknown; Feb 2024)
Last valuation:
-
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