Prizeout provides banks, credit unions, and fintech platforms with a white‑labeled rewards platform that delivers instant cash‑back directly within their online banking experience. The API‑driven solution integrates with existing banking interfaces, offers real‑time analytics, and generates additional non‑interest income by sharing transaction revenue with partnered merchants.
Funding
$30.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
RGFounders
Product
Problem
Financial institutions often face challenges in retaining customers and generating non‑interest revenue, while many existing loyalty programs are fragmented, slow to deliver rewards, and difficult to integrate with core banking platforms.
Solution
Prizeout offers a turnkey rewards platform that enables banks and credit unions to deliver instant cash‑back incentives directly within their online banking experience. The service integrates via APIs and adopts the institution’s branding, allowing customers to earn and redeem rewards on everyday purchases and milestone transactions without leaving the bank’s ecosystem. By partnering with merchants, Prizeout captures a share of each transaction, providing the institution with an additional source of non‑interest income. Real‑time reporting and analytics give banks insight into program performance and customer engagement, helping them refine offers and improve retention.
Target Audience
Primary customers are banks, credit unions, and fintech platforms seeking to enhance their loyalty programs and create additional non‑interest income streams.
Features
- Instant cash‑back payouts that appear directly in the user’s account after qualifying purchases
- Fully white‑labeled integration that matches the bank’s brand guidelines and UI/UX
- API‑driven connection to existing online banking platforms for seamless deployment
- Merchant network partnership delivering industry‑leading transaction revenue shares
- Dashboard with real‑time analytics on reward redemption, usage patterns, and revenue impact
- Flexible reward structures supporting everyday spending, milestone events, and targeted promotions