Cashbanx secured a R$ 20 million investment from SRM Ventures to enhance its cashback platform and aim for R$ 1 billion in gross merchandise volume.
Target Information
Cashbanx is an innovative startup operating since 2019, focusing on a cashback affiliate platform. It provides businesses with access to cashback solutions through APIs and a white label service model. This approach allows clients to integrate cashback features seamlessly into their applications, enhancing customer engagement and retention.
The company manages all operational and financial aspects of its clients' shopping platforms, helping them grow their market presence while delivering cutting-edge solutions that meet consumer demands.
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Industry Overview in Brazil
The cashback market in Brazil has seen robust growth in recent years, driven by increasing consumer interest in digital shopping and loyalty p
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Disclosed details
Transaction Size: $4M