Zwapp is a technology company.
Zwapp has raised $100K across 1 funding round.
Zwapp has raised $100K in total across 1 funding round.
Zwapp, Inc. is a Bogotá, Colombia-based technology company founded in 2018 that provides a mobile-based rewards platform for real-time incentives targeting internal employees and external partners.[1] It serves B2B and enterprise clients in human resources, employee benefits, mobile SaaS, and e-commerce sectors, solving the challenge of motivating collaborators in the mobile era through customizable prizes and incentives.[1][2] The platform enables businesses to boost engagement efficiently, with early funding from investors like Cacao Capital and participation in accelerators such as TechStars and fintech programs.[1]
Zwapp, Inc. was founded in 2018 in Bogotá by Alan Colmenares, a bi-cultural father and CEO with a management background from Universidad de La Sabana, passionate about digital products tackling complex problems.[1] The idea emerged to modernize employee incentives for Latin America's mobile-first workforce, starting with a TechStars pitch that highlighted its B2B SaaS focus on HR and rewards.[1] Early traction came via seed funding from Cacao Capital and accelerators like INV Fintech Class 9 and Bank Automation News, validating its approach to real-time collaborator motivation.[1]
A separate UK entity, ZWAPP LTD (incorporated February 2020), operates in IT consultancy but faces administrative issues including overdue accounts and a proposal to strike off, suggesting it may not represent the core Colombian operation.[3]
Zwapp rides the rise of mobile SaaS for employee engagement in Latin America, where digital adoption surges amid remote work and gig economies, timed perfectly post-2018 founding to capitalize on HR tech demand.[1] Market forces like fintech acceleration and conscious investing (e.g., family-owned VCs) favor its model, addressing incentive fragmentation in high-inflation regions.[1] It influences the ecosystem by pioneering real-time rewards, potentially inspiring similar platforms in emerging markets and bridging HR tech with mobile commerce.
Zwapp's momentum hinges on expanding its mobile rewards beyond Latin America, leveraging accelerator networks for global B2B growth amid rising demand for agile employee tools. Trends like AI-driven personalization and hybrid work will shape its path, potentially evolving it into a full HR incentive suite if it navigates funding and competition. Watch for partnerships with larger fintechs—its early traction positions it to redefine real-time motivation, tying back to solving "hard problems" in the mobile era.[1]
Zwapp has raised $100K in total across 1 funding round.
Zwapp's investors include Bow Capital, Buckley Ventures, DVx Ventures, Eunoia Capital Partners, Globo Ventures, Goodwater Capital, i/o Ventures, Latitud, Launch Capital, Liquid 2 Ventures, Niu Ventures, Oak HC/FT.
Zwapp has raised $100K across 1 funding round. Most recently, it raised $100K Seed in May 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2020 | $100K Seed | Bow Capital, Buckley Ventures, DVx Ventures, Eunoia Capital Partners, Globo Ventures, Goodwater Capital, i/o Ventures, Latitud, Launch Capital, Liquid 2 Ventures, Niu Ventures, Oak HC/FT, Plug & Play Ventures, Vera Equity, Brandon Krieg, Immad Akhund, Jay Vijayan |