PayPal joins $44 million investment in card-linked cashback startup Dosh

Dosh, a fintech startup that enables brands and retailers to market to consumers through cashback offers, has raised $44 million in a series A round of funding from PayPal and Goodwater Capital, as well as other unnamed institutional investors. Prior to now, Dosh had raised around $18 million, and with another $44 million in the bank the startup plans to expedite product development and boost its “technical capabilities.” Dosh works with major brands, including Nike, Target, Marriott, Papa John’s, and Walmart. It promises to help merchants double down on customer loyalty, acquire new customers, and entice them to buy more stuff.

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