Earny, a Santa Monica, CA-based personal finance service that automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies, raised $9m in Series A financing.
The round, which brings total funding to $11.5m, was led by Mayfield with participation from Comcast Ventures and existing investor Science Inc.
The company intends to use the funds to accelerate growth.
Led by Oded Vakrat, co-founder & CEO, Earny is a bot that automatically gets users’ money back on almost every item they buy by finding better prices and tracking price adjustments and getting back the difference.
Shoppers using price-protected credit cards get back approximately 5% of what they spend online on average. Some Earny shoppers have gotten more than $2,200 back in a year and more than $800 back in a single refund.
Earny covers major retailers including Amazon, Best Buy, Bloomingdale’s, Nordstrom, Costco, Kohl’s, Wal-Mart and more and works with 90-day price protection for all credit cards from Visa, Chase, Citibank and Mastercards for Bank of America, US Bank, Capital One, Barclays and First Premier Bank.
The app is available on iOS and Android.