back Back

Ellevest in partnership with Dosh introduces Cash Back rewards

By Pavithra R

November 25, 2020

  • Ellevest
  • USA
Share

Ellevest, a financial company built by women, for women has announced partnering with Dosh, the fastest growing app that finds cash for consumers and helps businesses acquire and retain customers, to enable members to earn automatic cash back when they shop local and national brands with their Ellevest debit card.

“Ellevest’s mission is to get more money in the hands of women. That’s critically important right now, with so many women affected financially by a she-session that has knocked us off track. We designed our cash back rewards to help our members get their money goals back on track by having more money to jump-start their savings, pay down debt, invest for their futures, or just stretch their spending,” said CEO Sallie Krawcheck.

Under the partnership, Ellevest is providing its members with an automatic, engaging rewards experience. Members pay for products with their Ellevest debit card, and the cash back rewards they earn will appear in the rewards tab on the Ellevest iOS app. Additionally, Members can explore local and national offers on their app. The cash back earned is moved into their Ellevest Save account each month, and can be used as an emergency fund or save for short term money goals.

“Dosh’s mission is focused on positively impacting people’s lives by automatically putting money in their wallet for simply doing their everyday spending – whether it’s at local restaurants and retailers or their favourite national brands. That’s why we created the leading platform that provides automatic cash back at over 10,000 merchants and brands. We’re proud to partner with Ellevest to bring cash back offers to their members and play our part in helping women meet their financial goals,” said Ryan Wuerch, CEO and founder of Dosh.

“As we built the Ellevest money membership, we continually asked ourselves: How can we help with the money challenges women deal with each day? We knew that women struggle with gender pay gaps and gender wealth gaps that are actually getting wider during the pandemic. We also know that money is the number-one source of stress for women. So with cash back, we wanted to let our members earn rewards where they already love to shop. It’s also important to our community to shop and dine locally and support small businesses. The Ellevest debit card helps them do that,” added Krawcheck. 

Ellevest was founded in 2014 after CEO and Wall Street veteran Sallie Krawcheck realized financial products weren’t serving women. It was built by women, for women. Membership at Ellevest offers access to investing, banking, learning, and coaching. The firm launched Money Membership with Mastercard debit card in June 2020. Banking at Ellevest requires no minimum balance, charges no hidden fees, no transfer or overdraft fees. Members also get unlimited ATM access, with Ellevest reimbursing all the fees. 

Previous Article

November 25, 2020

Cashfree raises USD 35 million led by Apis Growth Fund II

Read More
Next Article

November 25, 2020

FICO partners with Linktera in Turkey and the Middle East region

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Ellevest

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

May 21, 2024

Cuckoo renews relationship with GoCardless for direct debits

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023