Personal finance solution Dosh has raised up to $4.9m in a funding round.
The company has raised the capital from four investors, according to the latest US SEC filing. It is unclear who the investors are; however, an article by SiliconHills states the round was led by Goodwater Capital, while Extol Capital and Next Coast Ventures also participated.
Dosh helps users to earn money back through its technology searching for offers, without the need of scanning receipts, manual searching or through coupons. The platform also helps users to get the best deals for booking hotels and car rentals.
The app is currently in public beta and is downloadable from the Apple Store and Google Play. To get started, a user just has to connect their credit and debit card.
This new wave of capital brings total funding into Dosh to around $16.6m, with the company closing a $9.1m investment round earlier in the year.
In the global WealthTech sector, deals between $2.5m – $5m has seen a YOY rise since 2014. The increase in size is set to hit a 1.6x rise from last year, which is largely due to the yearly decline in deals valued below $1m.
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