LG Electronics leads investment in mobile laundromat platform Washlava

https://www.mobilepaymentstoday.com/news/lg-electronics-leads-investment-in-mobile-laundromat-platform-washlava/
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LG Electronics leads investment in mobile laundromat platform Washlava

LG Electronics is leading a group of investors in a new round of funding for Washlava, a startup mobile technology firm that enables consumers to pay for their cashless laundry with a smartphone. 

Washlava, founded by Todd Belveal, the co-founder of Silvercar, created the cashless laundromat company in 2017 and now works with a range of partners, including Monmouth University in New Jersey, multifamily housing units in Texas and Florida and shared laundry centers in six cities across the country. 

“We could not be more excited about this important partnership with LG,” Belvial said in the announcement. “LG’s capabilities and standing in the industry, combined with Washlava’s proprietary technology and user experience, create a platform that cultivates growth and innovation in a market that is primed for modernization.”

 

 


Topics: Card Brands, Mobile Payments, Technology Providers


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https://www.mobilepaymentstoday.com/news/lg-electronics-leads-investment-in-mobile-laundromat-platform-washlava/