Who’s backing Dosh? PayPal and Goodwater Capital (a group of consumer tech investors) believe in how Dosh works enough to invest, as well as unnamed institutional investors.
Does Dosh result in increased customer loyalty? Well, the company touted this data from an eCommerce director at Walmart/Sam’s Club: “Dosh subscribers become sustained, repeat customers faster. Those customers are visiting 29 percent more often and spending 60 percent more per visit after 60 days when compared to non-Dosh subscribers.”
What are other cash-back apps? As you might’ve guessed, Dosh has competition in the market. Namely, there’s Swagbucks, which offers a slightly similar service: It will either reward you for spending at its partner merchants with a gift card to Walmart or PayPal or Amazon, or offer cash-back at more than 1,500 retailers. College students could do worse than signing up for Pocket Points, which doesn’t offer students cash rewards for spending, but for merely not looking at their phone during class. The app tracks how long students don’t touch their phone, and they rack up points redeemable at Pizza Hut, Insomnia Cookies, Buffalo Wild Wings, Panera Bread, and more. It’s a built-in student loyalty program for restaurants, and may result in a free side or chicken wings or breadstick for students.
What are other cash-back apps you love? Email me your story at firstname.lastname@example.org.
If you missed the debut five-part Strategy series, “Making Money Without Thinking About It,” check it out in-full below: