CheckRewards is a mobile app that aims to strengthen the bond between brands and customers by offering cashback incentives and promotional deals. The app acts as a platform for brands to engage with their customers through cashback offers, prompting them to spend more on their preferred products in exchange for earning a percentage on each purchase. This concept not only encourages customer loyalty but also increases purchase frequency and raises the average order value. By employing a Cost-Per-Sale model, brands partnering with CheckRewards can eliminate unnecessary advertising expenditure and pay solely for the users who generate actual sales. The founded in 2022 startup also allows users to save on both online and offline purchases. For offline transactions, users must upload a photo of their receipts and, upon validation, receive cashback in their account, which can be used for future purchases or withdrawn via a banking card provided by the financial partner. CheckRewards recently secured a $1.20M Seed Round investment from Mitgo Group as of 23 November 2023. With its focus on advertising, e-commerce, and information technology, CheckRewards presents a compelling proposition for investors seeking opportunities in these industries.
Funding Stage | Amount | No. Investors | Investors | Date |
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Seed Round | $1.20M | 1 | Mitgo Group | 23 Nov 2023 |
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