Dosh, an Austin, Texas-based app that gives consumers cash back every time they shop at participating merchants, completed a $44m Series A financing.
Backers included Goodwater Capital, PayPal and institutional investors.
The company intends to use the funds to accelerate product innovation and technical capabilities.
Led by Ryan Wuerch, CEO, Dosh is a consumer financial services platform and app that – combining behavioral insights with machine learning – delivers automatic cash back to consumers when they dine, shop or book hotels.
The company allows merchants to enhance consumer loyalty, acquire new customers and increase their frequency of purchases.
The platform is used by such brands as Sam’s Club, Forever 21, Cost Plus World Market, Mattress Firm, Papa John’s, U.S. Polo Assn., Chili’s, and Payless ShoeSource.