Dosh, an app that gives consumers cash back every time they shop at participating merchants, completed a $44 million Series A financing round to accelerate product innovation and technical capabilities. Goodwater Capital, PayPal, and institutional investors participated in the funding round.
According to the company, during the past four months, more than 3 million new users have joined the Dosh platform, tens of thousands of new leading tier-one merchants have been added to the app, and more than $25 million in cash has been paid to consumers. Sam’s Club, Forever 21, Cost Plus World Market, Mattress Firm, Papa John’s, U.S. Polo Association, Chili’s, and Payless ShoeSource are among the participating Dosh platform brands.