Raise operates a digital gift card marketplace that allows consumers to buy and sell discounted gift cards while earning up to 20% cash back on purchases. The platform enhances loyalty and rewards for users and brands by automating transactions and providing a seamless app experience.
Funding
$63M 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.
Founders
Product
Problem
Consumers often miss out on potential savings and rewards when shopping, while brands struggle to build lasting loyalty and engagement with their customers. Traditional loyalty programs can be cumbersome, lack personalization, and fail to provide immediate value to consumers.
Solution
Raise provides a digital marketplace that connects consumers with discounted gift cards and cash-back rewards, creating a seamless loyalty and rewards experience. Through the Raise app, consumers can purchase gift cards from over 1,000 brands at a discount or earn instant cash back on purchases. The platform also offers an API solution that allows businesses to automate and evolve their loyalty and payment systems. By leveraging gift cards, Raise aims to build the future of loyalty and rewards for both consumers and brands, offering immediate value and personalized experiences.
Target Audience
Raise targets everyday consumers looking to save money on purchases and earn rewards, as well as businesses seeking to enhance customer loyalty and automate their payment systems.
Features
- Digital gift card marketplace with discounted cards from over 1,000 brands.
- Instant cash-back rewards on purchases made through the Raise app.
- API solution for businesses to automate and customize loyalty and payment programs.
- GCX (Gift Card Exchange) for buying and selling discounted gift cards.
- SmartCard (Coming Soon) for personalized retail experiences and deeper brand-consumer connections.
- Mobile app for convenient access to discounts and rewards.