Cashrewards is an online platform that enables users to earn cashback by shopping through affiliated retailers, where brands compensate Cashrewards for customer referrals. This model addresses the need for consumers to receive tangible rewards for their online purchases, enhancing the shopping experience while providing over $150 million in cashback to its 2 million members.
Funding
Funding not disclosed
Founders
Product
Problem
Many online shoppers are unaware of potential cashback rewards they could be earning on their purchases, missing out on significant savings. Existing methods for finding and claiming these rewards can be cumbersome, requiring users to navigate multiple platforms and track various offers.
Solution
Cashrewards is a platform that allows users to earn cashback on online purchases made through its network of affiliated retailers. When users shop through Cashrewards, the platform receives a commission from the retailer, a portion of which is then passed back to the user as cashback. This creates a mutually beneficial relationship where consumers are rewarded for their purchases, and retailers gain access to a wider customer base. The platform provides a centralized location to discover and activate cashback offers, simplifying the process of earning rewards on everyday shopping. Cashrewards also offers a mobile app and browser extension to ensure users never miss a cashback opportunity, regardless of where they shop online.
Target Audience
Cashrewards primarily targets online shoppers looking for ways to save money on their purchases, particularly those who frequently shop at a variety of retailers.
Features
- Cashback rewards at over 2,000 affiliated retailers, including major brands.
- Mobile app for browsing offers and tracking rewards on the go.
- Browser extension that automatically notifies users of available cashback while browsing online stores.
- Option to withdraw cashback to a bank account or PayPal.
- Mobile Notifier to stay on top of cashback when shopping on iOS Safari.
- Push notifications on the App to be the first to know about the latest deals.
- Automatic matching of 1% of each cashback withdrawal as a donation to the Starlight Children’s Foundation.