A2Z Cust2Mate recently received an order to deploy its new Cust2Mate 3.0 smart carts at an additional ten Franprix stores in Paris.
A2Z Cust2Mate has disclosed a securities purchase agreement with certain accredited investors for a registered direct offering. This will see the sale of 1,947,000 common shares at a price of $6.40 each, aiming to raise $12.5 million to fuel its next phase of growth.
A2Z’s flagship product is a self-checkout shopping cart. In a LinkedIn post, it said, “This significant funding will empower us to: scale our business; expand our talented teams across key departments; accelerate our smart cart technology development; meet growing market demand.”
“We’re not just growing – we’re scaling smart. A huge thank you to our investors, team, and supporters who believe in our mission.”
A2Z Cust2Mate recently received an order to deploy its new Cust2Mate 3.0 smart shopping carts at an additional ten Franprix stores in Paris, France in Q4 2024. This followed on from a deployment in August.
In addition to AI technology, self-scanning, and in-cart payments for a “pick and go” experience, the 3.0 smart shopping carts include several new features, such as a shopping list which is automatically updated as the shopper progresses and advanced retail media capabilities such as in-store location based advertising and customised advertising targeting both, on cart and historic shopping purchases, as well as the shopping list and other triggers.
Gadi Graus, CEO at A2Z Cust2Mate, said, “We are proud and delighted to expand the deployment of our smart carts to additional Franprix stores; a testament to the superior shopping experience and customer satisfaction our smart carts provide to shoppers and the added value we bring to retailers.”
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