New York, NY, February 25, 2016 – AppCard, an innovative marketing and loyalty platform for small and medium sized retailers, announced that it has raised $20 million in Series B funding. Alexander Rittweger, founder of Loyalty Partner, and PLDT Capital, the investment arm of Philippine Long Distance Telephone Company (PLDT, NYSE: PHI, PSE: TEL), led the round. Existing investors: Founders Fund (Peter Thiel), Innovation Endeavors (Eric Schmidt), and Jerry Yang also participated.