Cashback app Dosh raises $44M on a $240M valuation from PayPal and more

TechCrunch | 4/26/2018 | Ingrid Lunden
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Dosh, a startup and app of the same name that lets you get cash back when you shop at selected retailers with a linked card, has raised $44 million in a Series B round of funding from investors that include PayPal and Goodwater Capital. The company has paid out $25 million to some 3 million uses since being founded in 2016.

It claims to be the largest card-linked cash-back app and network in the U.S. with Sam’s Club, Forever 21, Cost Plus World Market, Target, Mattress Firm, Papa John’s, U.S. Polo Assn., Chili’s, and Payless ShoeSource among the retailers integrated with it.

Valuation - Source - Company

No valuation is being disclosed but we understand from a source close to the company that it is $240 million.

The funding brings the total raised by Dosh, based out of Austin, to $56 million. Other investors in the company have included Next Coast Ventures, Chetrit Ventures and Extol Capital.

Dozens - Services - Market - Today - Let

There are dozens of services on the market today that let users get cash back when they make purchases. They include genre-specific apps like Mogl for restaurants, shopping portal Spring, numerous credit cards, and even PayPal itself. CEO and founder Ryan Wuerch says that Dosh is different from the rest because of its implementation of AI and algorithms that respond to your shopping behavior to steer your activity.

“Dosh uses behavioral stimuli to directly connect merchants...
(Excerpt) Read more at: TechCrunch
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