# Dosh Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dosh-holdings

- Industry: Financial Services
- Headquarters: Atlanta, US
- Website: www.dosh.com
- Total disclosed funding: $73M
- Latest round: Series B (Jan 22, 2019)
- Investors on record: 8

## About

Dosh Holdings LLC is a fintech company that offers a cash back app, enabling users to earn rewards effortlessly on everyday purchases by linking their credit or debit cards to their accounts.Dosh Holdings LLC was founded in 2016 and is headquartered in Atlanta, US. The company specializes in providing a cash back app that simplifies transactions for consumers seeking rewards. The founder, Henri Spaile, has a background in technology and finance. In March 2021, Dosh was acquired by Cardlytics, Inc. for USD 275 mn in cash and stock, marking a significant pivot in its business strategy. Dosh has completed a total of 13 deals, with its latest funding round being an Add-on Trade Sale on March 9, 2021, led by Cardlytics, Inc. The total amount raised by Dosh amounts to USD 20.00 mn.Dosh is primarily known for its cash back app, which allows users to earn rewards on everyday purchases without needing to use physical coupons or manual submissions. The app connects users' credit or debit cards to their accounts, automatically providing cash back from various participating retailers. Targeting individual consumers and retailers, Dosh operates primarily in the United States and collaborates with numerous businesses across sectors such as dining, travel, and shopping. Its platform aims to enhance the cash back experience, ultimately encouraging increased consumer spending.Dosh's revenue model is based on partnerships with retailers who provide cash back offers. When users make purchases at these locations using linked cards, a portion of the sale is returned to Dosh as a commission, which is then shared with users as cash back. This B2C structure relies on transaction volumes and merchant participation, generating revenue based on the performance of user purchases at partnered retailers. By forging collaborations with a diverse array of businesses, Dosh aims to create a mutually beneficial ecosystem for all parties involved in the transaction process.Dosh plans to utilize the recent acquisition and funding to enhance its app and expand its market presence. The company aims to introduce new features and products designed to elevate the user experience, with specific timelines for launch pending further development. Additionally, Dosh is focusing on expanding its services into new geographic regions, targeting growth in major urban centers across the US by the end of 2023. The funds from the recent acquisition will support these initiatives and possibly enhance marketing efforts to attract more users and retailers into its ecosystem.

## Funding rounds

- Series B, Jan 22, 2019, $20M — Western Technology Investment, Anthem Venture Partners, PayPal, Inc., Goodwater Capital, BAM Capital
- Series A, Apr 26, 2018, $44M — PayPal, Inc., Goodwater Capital, Next Coast Ventures, Chetrit Group, Extol Capital
- Seed, Dec 7, 2017, $4.9M — Goodwater Capital, Next Coast Ventures, Extol Capital
- Seed, Apr 20, 2017, $4M — Goodwater Capital, Chetrit Group

## Investors

- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed, Series A, Series B
- Chetrit Group — Seed, Series A
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Seed, Series A
- Extol Capital (https://capitalatlas.ai/funds/extol-capital) — Seed, Series A
- PayPal, Inc. — Series A, Series B
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series B
- Anthem Venture Partners (https://capitalatlas.ai/funds/anthem-venture-partners) — Series B
- BAM Capital — Series B