Reworth

Reworth

Simplifies the way banks and merchants interact with their customers, enabling them to understand, predict and influence consumer behavior through the use of cashback. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD17—25m (Dealroom.co estimates Jan 2022.)
Mexico City Mexico (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues1.4m3.9m3.9m
% growth-181 %-
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

Seed
N/A

$455k

Angel

$2.8m

Seed
*

$3.1m

Seed
N/A

N/A

Growth Equity VC

N/A

Seed
Total FundingCAD8.6m

Recent News about Reworth

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More about Reworthinfo icon
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Reworth.co is a dynamic startup specializing in Payment Relationship Marketing (PRM), a strategy that uses payment data to build stronger relationships between businesses and their customers. The company operates in the financial technology (fintech) sector, focusing on providing innovative solutions to enhance customer loyalty and engagement.

Reworth.co primarily serves businesses looking to increase customer retention and sales through reward-based programs. These clients range from small retailers to large enterprises, all seeking to leverage the power of cashback and other reward mechanisms to incentivize repeat purchases. According to McKinsey and Company, customers who receive rewards are 43% more likely to make weekly purchases, highlighting the effectiveness of Reworth.co's offerings.

The company's business model revolves around creating and managing customized reward programs for its clients. By analyzing payment data, Reworth.co helps businesses understand their customers' purchasing behaviors and preferences. This data-driven approach allows for the creation of targeted marketing campaigns that offer personalized rewards, such as cashback, which are highly valued by modern consumers, especially Gen Z and Millennials.

Reworth.co makes money by charging businesses for the development and management of these reward programs. The company may also earn a commission based on the increased sales generated through its marketing strategies. Additionally, Reworth.co offers access to valuable datasets through platforms like the Snowflake Marketplace, providing further revenue streams.

In summary, Reworth.co is a fintech startup that enhances customer loyalty through data-driven reward programs, serving a diverse range of businesses and leveraging payment data to drive sales and engagement.

Keywords: fintech, customer loyalty, reward programs, cashback, payment data, marketing, sales growth, data-driven, Gen Z, Millennials.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.