StoreCash
Company

Last deal

$2.2M

Amount

Venture - Series Unknown

Stage

01.04.2024

Date

5

all rounds

$3.3M

Total amount

General

About Company
StoreCash is a payment application that allows unbanked individuals to manage and make instant payments.

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founded date

01.01.2019

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The LA-based payments and technology company partners with merchants to utilize closed loop technology, enabling unbanked teens to request, receive and instantly redeem funds from a mobile device without needing a bank account. They are currently working towards a pilot with Western Union to offer a free option for money senders, with the merchant overseeing transaction fees. StoreCash also provides an alternative payment method for everyday goods and lifestyle purchases, with the highest, instant and unlimited cashback in the US. Business and banking customers can access their technology through a custom plug and play cashback API, increasing their own customer engagement and retention. The founding team has top-tier pedigree from Google, Apple, Adobe and Microsoft, and are technology and community leaders in the BIPOC community with previous entrepreneurial exits.
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