Dosh

One of the leading consumer-facing card-linked offer platforms in the US prior to acquisition, known for its frictionless cashback model and rapid user growth

Dosh was a card-linked offer (CLO) fintech and AdTech platform founded in 2016 and headquartered in Austin, Texas. The platform allowed consumers to link their credit or debit cards and automatically receive cashback rewards when they shopped, dined, or booked travel at participating merchants — no coupons, no scanning receipts, and no manual redemption required. By removing friction from the rewards experience, Dosh attracted millions of users and positioned itself as a compelling alternative to traditional loyalty and coupon programs. On the merchant and advertiser side, Dosh offered a performance-based model where brands paid only when a verified transaction occurred, making it a highly accountable form of targeted advertising. The platform integrated with major card networks and financial institutions to enable real-time transaction matching, and it built a network of thousands of merchant partners including hotels, restaurants, and retailers. Dosh raised approximately $44 million in venture funding before its acquisition, with investors including PayPal Ventures, Goodwater Capital, and others. In 2019, Capital One acquired Dosh for a reported $150–200 million, seeking to enhance its own rewards and card-linked offer capabilities. Following the acquisition, Dosh's technology and team were absorbed into Capital One's broader ecosystem, and the Dosh consumer app was eventually wound down as a standalone product. The acquisition underscored the strategic value of CLO infrastructure and transaction-level consumer data in the broader payments and loyalty landscape.

• 2016Founded
• 2021Acquired by Cardlytics