Fintech startup and new app Dosh announced on Wednesday it raised $2 million during a seeds funding round. The company reports that the new funds bring its total investment to more than $6 million.
Dosh stated its new app can find cash for consumers when they use their credit and debit cards for everyday uses such as shopping, dining, traveling, etc. The company is current prepping to enter private beta. Dosh already includes nearly 100,000 brands and merchants and its commerce platform ensures that consumers have a seamless experience earning instant cash back on their everyday purchases.
“Dosh puts money back into the pockets of consumers and businesses alike using breakthrough technology to eliminate the wasted spend from advertising and most transactions. Dosh searches for cash and chases it down – relentlessly searching out offers to give cash back to users. No cutting coupons, no scanning receipts, no searching for offers. Dosh users simply spend as they normally would and watch the cash pile up.”
Ryan Wuerch, founder and executive chairman of Dosh, stated:
“Our executive team has been instrumental in bringing Dosh to market and attracting high-caliber investors to the company. The expertise we have across many different verticals has enabled us to develop a first-of-its-kind app and technology ecosystem. Every day, we are focused on delivering market-first technology that will drive billions of dollars back to consumers.”
Dosh added that the seed funds would be used to further enhance its platform