KOALA App is a self-scanning app with payment and check-out functions for stationary retail, enabling KOALA-user to self-scan the merchandise they want to buy at the shelf, monitor their basket and proceed their payment - all with their smartphone. Queueing at the cashier, packing, unpacking the merchandise and personnel to scan the merchandise and process the payment will no longer be necessary.
Value Proposition: KOALA enables retailers to realise cost savings, create additional usable shelf space and offer differentiating service to their customers. Most important though: KOALA will provide retailers with (indirect) access to their customers and big data on their buying behaviour.
FBG became shareholder of KOALA UG in 2020, provided a convertible loan and organised a first financing round. A further round is planned for 2021.