The Czech startup is expanding its queue-free checkout system, already live in five countries, with backing from Purple Ventures.
Czech retail automation startup Buylo has secured CZK 16 million (around €640,000) from Brno-based Purple Ventures to expand its RFID-based checkout technology across Central and Eastern Europe.
Buylo’s system lets customers place their purchases in a designated box, pay within seconds, and leave with a receipt — removing queues and the need for manual scanning. The platform combines RFID tags, sensors, cameras, and AI to automate checkout, track inventory, and reduce shrinkage.
“I’ve never liked traditional self-service checkouts, where the customer takes over the role of cashier. There had to be an easier way” said co-founder and CEO Josef Voda. “Buylo is not just about saving costs, but also about enabling retail to function based on data.”
The system allows full-store inventory in minutes without manual scanning and can cut theft losses by up to 80% through camera integration. It also supports payments via QR code and app, alongside personalized discounts based on products viewed in-store. All data is anonymized and used in real time.
Buylo is already in use at Chicdeal clothing stores in Brno and Olomouc, and the Angry Beards cosmetics brand, with negotiations ongoing with other Czech retailers. Abroad, the startup operates in Romania, Hungary, and Bulgaria through Numero Uno stores, and in Slovakia via Yoyoso.
“Retail is an industry with huge amounts of capital, but data culture is slow to take hold” said Jakub Nytra of Purple Ventures. “Buylo gives retailers real control and efficiency.”
The company will use the funding to expand internationally, further develop its platform, and grow its technical and sales teams.