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Quantum Group acquires London-based fintech Tail

Tail, a start-up that provides cashback solutions to start-ups such as Monzo, Starling and Volopa, has been acquired by London-based fintech incubator Quantum Group. On Friday (7 August), London-based fintech incubator Quantum Group announced that it has acquired mobile cashback app Tail. The acquisitionIn 2019, Quantum Group acquired 30pc of the start-up and now the incubator has completed the acquisition of the company for an undisclosed sum. Through the purchase of Tail, Quantum Group plans to continue to increase the number of banking partners integrated with its platform and to onboard a diverse set of retailers from the UK. Quantum Group chair Floyd Woodrow said: “We are delighted to welcome Tail fully on board within the Quantum Group.

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