# Prizeout

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prizeout

- Industry: Marketing/Advertising
- Headquarters: New York, US
- Website: www.prizeout.com
- Total disclosed funding: $25M
- Latest round: Series B (Mar 31, 2022)
- Investors on record: 5

## About

Prizeout Corp. is a financial technology company that enhances customer engagement through innovative cashback solutions, promoting customer loyalty and generating non-interest income for financial institutions.Prizeout Corp., founded in 2019 in New York, US, specializes in cashback rewards programs designed for financial institutions. The company has completed 3 total deals, with its most recent funding round being a Series B in March 2023, raising USD 25.00 mn from investors including Anchor Capital and Astralis Capital. The founders, Brendan Grove, Julien L, Matthew Denham, and Richard Blankenship, have brought together extensive expertise in financial services, while David Metz serves as the current CEO.Prizeout offers a suite of innovative products designed to enhance customer engagement through rewards and instant cashback solutions. Their core offerings include a cashback rewards program that integrates seamlessly with online banking platforms, allowing institutions to provide their customers with immediate financial incentives for everyday shopping and significant milestones. This program is tailored to align with the branding guidelines of partner organizations, ensuring a cohesive user experience. Prizeout serves a diverse clientele, primarily consisting of financial institutions and their customers across various geographical markets, including the United States and Canada. The system operates efficiently by facilitating transactions that promote customer loyalty while generating non-interest income for partner institutions.Prizeout generates revenue through a transactional model where financial institutions earn a percentage on each transaction processed via their cashback rewards platform. This model is structured to benefit both the institutions and their customers, as it incentivizes spending while providing immediate rewards. The revenue is primarily derived from partnerships with banks and credit unions, who leverage Prizeout’s technology to enhance their service offerings. Specific transaction structures may include B2B arrangements where financial institutions integrate the service into their platforms, enabling direct access for consumers seeking cashback rewards. Prizeout's offerings, such as their CashBack+ program, aim to create an ongoing revenue stream for their partners while enriching the customer experience through personalized financial incentives.Prizeout Corp. plans to utilize the recent funding raised in March 2023 to support the development and launch of new products aimed at expanding their cashback offerings. The company is focusing on entering new geographic markets, particularly in the Canadian region, where they aim to establish a presence by the end of 2023. The latest round of funding will help bolster their marketing efforts and technology enhancements to ensure a successful rollout of their services in these targeted regions.

## Funding rounds

- Series B, Mar 31, 2022, $25M — Anchor Capital, RiverPark Advisors, Precept Capital Management, Continental Investment Partners, Astralis Capital

## Investors

- Anchor Capital — Series B
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Series B
- Precept Capital Management — Series B
- Continental Investment Partners (https://capitalatlas.ai/funds/continental-investment-partners) — Series B
- Astralis Capital (https://capitalatlas.ai/funds/astralis-capital) — Series B