Startup Name: xWare42 Ltd

Category: Fintech

Stage: Pre seed

Country: United Kingdom

Startup Website: www.xWare42.com

About: xWare42 has developed a technology that allows to make use of the web and a much greater range of data sources for transaction enrichment than has ever been possible before. Their platform takes normal financial transaction data provided by protocols such as ISO 8583 and uses the fragmented data to find more about the retailer and purchase itself. As a result, payment details on a bank statement can be enriched by adding information such as receipts, addresses, opening hours, service numbers, logo's, location details and other details about the retailers. This gives customers a more helpful picture of their purchases while allowing banks and partner retailers to offer personalized discounts, reduce customer inbound calls and encourage further transactions.