Biography of Alexander Rittweger: CEO of Loyality Partner & Co Founder at Payback
Biography of Alexander Rittweger:
Alexander Rittweger is a seasoned entrepreneur known for
founding Loyalty Partner and leading it as CEO and Chairman. Loyalty Partner
developed the PAYBACK loyalty platform, becoming one of Germany's pioneering
unicorns in the coalition loyalty sector. Under Rittweger's leadership, Loyalty
Partner expanded globally and was eventually acquired by American Express in a
landmark deal valued at $1.4 billion in 2013.
Education and Background
Alexander Rittweger graduated from the Universität Mannheim
with a Diplom Kaufmann in Business, Management, Marketing, and related support
services in 1991. His academic foundation has underpinned his success in
identifying and nurturing transformative businesses that redefine industries
and drive global innovation.
Early Career and Education
Alexander Rittweger began his career as a Partner at Roland
Berger Strategy Consultants from 1991 to 1997, gaining valuable experience in
strategy consulting across international markets. He holds a Diplom Kaufmann
degree in Business, Management, Marketing, and related support services from
the University of Mannheim, Germany.
Founder of PAYBACK and Entrepreneurial Investor
Alexander Rittweger, a prominent figure in the
entrepreneurial landscape, has played pivotal roles in shaping growth
businesses across diverse sectors. Currently based in Munich, Bayern, Germany,
he is deeply involved in innovative ventures such as Isar Aerospace, NEURA
Robotics, Kapu, Frequenz, Storyblok, AppCard, and Aloha, among others.
Entrepreneurial Journey
Alexander Rittweger's entrepreneurial journey began with the
founding of PAYBACK, one of Germany's pioneering unicorns. PAYBACK grew into
the world's largest coalition loyalty platform, boasting over 100 million
active members across five countries. His strategic vision and leadership led
to the successful sale of PAYBACK to American Express in 2013, valuing the
business at $1.4 billion.
Investment Focus and Achievements
As an entrepreneurial investor, Alexander Rittweger
continues to make significant impacts in growth businesses. He is a major
shareholder in Aloha.com, a US-based plant-based food company revolutionizing
snacking choices. His portfolio also includes influential investments in
Contractbook, Storyblok, Dapper Labs, Ramp, PDAX, Komoot, Wayve, JobandTalent,
Joblift, BOOM Supersonic, Higher Ground Education, Smava, hometogo (which went
public with a $1 billion IPO), tink (acquired for $2.2 billion by VISA), and
Zettle (acquired for $2.2 billion by PAYPAL).
In summary, Alexander Rittweger's entrepreneurial spirit,
coupled with his strategic investments and leadership, continues to shape the
future of innovation across international markets, leaving an indelible mark on
the business landscape.
Biography of Alexander Rittweger: CEO of Loyality Partner & Co Founder at Payback/Innovation and Investment/ Angel Investor/Entrepreneur/ Germany
Alexander Rittweger: Pioneering Investments in Innovation
Board Member & Lead Investor at ALOHA
Alexander Rittweger, based in Munich, Bayern, Germany, holds
pivotal roles as a Board Member and Lead Investor at ALOHA. With a background
from the University of Mannheim, he directs his investment focus towards iOS
development, E-Commerce, and Business Intelligence across various funding
stages from Seed to Series B in Bangladesh, United States, and Greece.
Alexander Rittweger: Entrepreneurship and Investment in
Growth Businesses
Founder of PAYBACK and Entrepreneurial Investor
Alexander Rittweger is a distinguished entrepreneur and
investor known for his founding role in PAYBACK, one of Germany's earliest
unicorns. Under his leadership, PAYBACK grew into the world's largest coalition
loyalty platform, engaging over 150 million active shoppers across six
countries. In 2013, he successfully sold PAYBACK to American Express for $1.4
billion, marking a significant milestone in loyalty and consumer engagement.
Current Ventures and Investments
Currently based in Munich, Germany, Alexander Rittweger is
actively involved in a diverse portfolio of growth businesses spanning various
sectors and geographies:
ALOHA: Board Member and Lead Investor since July 2016. ALOHA
is a prominent plant-based food brand based in the Greater New York City area,
focused on promoting health and wellness through innovative products and
collaborations with health experts.
Isar Aerospace: Investor since March 2023. Isar Aerospace is
a pioneering company in the space technology sector, aiming to revolutionize
access to space through innovative rocket technology.
NEURA Robotics: Investor since January 2024. NEURA Robotics
focuses on developing advanced robotic solutions for various industrial
applications, contributing to automation and efficiency.
Frequenz: Investor and Board Member since October 2022.
Frequenz empowers developers with tools to efficiently orchestrate
Decentralized Energy Resources (DERs), playing a pivotal role in the energy
management sector.
Storyblok: Investor since May 2022. Storyblok provides a
headless content management system (CMS) that enables developers and content
creators to manage content flexibly across various digital platforms.
Contractbook: Investor since April 2022. Contractbook offers
a digital contract management platform that simplifies contract creation,
negotiation, and management processes.
Kapu: Investor since October 2022. Kapu focuses on
developing innovative solutions in Nairobi, contributing to technological
advancements in Africa.
GoZayaan: Investor since January 2022. GoZayaan is an online
platform revolutionizing travel planning, empowering users to customize and
manage their travel experiences.
Investment Portfolio Highlights
Arogga
Arogga represents the forefront of Bangladeshi healthcare
innovation with its app, delivering healthcare services directly to users'
doorsteps. By simplifying prescription uploads and ensuring safe medicine
delivery, Arogga enhances accessibility and efficiency in healthcare.
GoZayaan
GoZayaan stands as an innovative online platform
revolutionizing travel experiences. Offering personalized travel planning
capabilities, GoZayaan empowers users to effortlessly design their dream trips
with just a few clicks, redefining the future of travel.
Frequenz
Frequenz drives innovation in decentralized energy
management with cutting-edge tools for developers. By orchestrating
Decentralized Energy Resources (DERs), Frequenz contributes to efficient power
management, paving the way for a sustainable energy future worldwide.
Current Role as Angel Investor
Today, Alexander Rittweger focuses on angel investing in
growth businesses across diverse sectors. He invests strategically in companies
like Isar Aerospace, NEURA Robotics, Kapu, Frequenz, Storyblok, ALOHA, and
more. His investments span industries such as aerospace, robotics,
decentralized energy resources, content management, and plant-based foods,
reflecting his broad interests and commitment to fostering innovation.
In conclusion, Alexander Rittweger's strategic investments
in ALOHA and his portfolio companies like Arogga, GoZayaan, and Frequenz
underscore his commitment to advancing technology, healthcare, travel, and
energy sectors globally. His leadership and vision play a pivotal role in
shaping the future of these industries.
