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About Prizeout
Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$37.5M
Headquarters
New York City, New York
Founded
2019
Overview
Prizeout provides gift card–driven advertising campaigns for retailers and brands. It operates in the ad tech space by partnering with retailers to create gift card–based campaigns that reward consumers and drive sales. How it works: retailers pay Prizeout to design and distribute campaigns via Prizeout’s platform, enabling quick launch of targeted ads that offer gift cards as added value. The platform leverages gift cards to increase consumer engagement and offer more flexible, value-driven incentives than traditional ads. Prizeout differentiates itself by focusing on the intersection of gift cards and marketing, turning gift card offers into scalable growth campaigns rather than standard display or search ads. Its business model centers on fees charged to retailers for using its platform and services. The company's goal is to help retailers grow sales and engagement by delivering gift card–powered campaigns that provide value to consumers while expanding advertisers’ reach.
Simplify's Take
What believers are saying
- Reseda Group invests $8M to scale platform in 2026.
- Workforce grows to 51-100 employees supporting expansion.
- Debit Rewards Program launches June 4, 2025 for credit unions.
What critics are saying
- Cardlytics captures 95% CLO market, erodes credit union niche in 6-12 months.
- Upside undercuts fees by 30%, poaches gaming partners in 3-9 months.
- Google, Apple integrate CLO by Q3 2026, divert 40% retailer spend.
What makes Prizeout unique
- Prizeout uses gift cards for instant cashback in ad campaigns.
- CashBack+ ecosystem integrates credit, debit rewards for credit unions.
- Partners with Meltek to reward energy bill reductions via offers.
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Funding
Total Funding
$37.5M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Company Equity
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↓ -3%Prizeout has launched its Credit Card Rewards programme, completing its CashBack+ ecosystem for credit unions. The platform integrates credit card transactions with existing CashBack+ Offers, Actions and Pay into a single rewards system accessible through credit unions' digital banking platforms. The programme allows credit unions to set their own cashback percentages and categories, with rewards displayed as cash rather than points. Members can manage everything within their existing online banking without separate portals or apps. United Financial Credit Union and Redstone Federal Credit Union are the first to adopt the programme, with additional credit unions signed on. The launch positions New York-based Prizeout, founded in 2019, as the only provider offering an end-to-end rewards platform designed specifically for credit unions.
Michigan State University Federal Credit Union partners with Prizeout to provide cashback rewards and drive digital engagement, replacing declining interchange revenue.
NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) - Prizeout Corp. (Prizeout), the ad-tech company with fintech behavior that turns cash withdrawals into growth solutions for brands, has partnered with Brooklyn-based Meltek, the climate tech startup that empowers residential and small business customers to get paid via rewards for reducing electricity usage at peak demand times.
Today, Stanford Federal Credit Union is announcing their live integration with Prizeout, an ad-tech company that will give Stanford FCU members access to bonuses on their spending and support for local community merchants.
[New York City, NY – June 13, 2023] – Today, Prizeout, the ad-tech company that turns cash withdrawals into growth solutions, has partnered with Triple, a next-generation Card Linked Offers (CLO) platform.
Prizeout is Hiring for 3 Jobs on Simplify!
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About Prizeout
Industries
Data & Analytics
Consumer Software
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$37.5M
Headquarters
New York City, New York
Founded
2019
Prizeout is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today