StoreCash is a technology company.
StoreCash has raised $7.1M across 3 funding rounds.
StoreCash has raised $7.1M in total across 3 funding rounds.
StoreCash is a fintech startup offering a mobile app that enables users to earn instant cashback on purchases both online and in-store by purchasing store credit via QR code payments and receiving 100% of affiliate commissions without hidden fees.[1][3][5] It serves everyday consumers, particularly value-conscious shoppers, debit/credit card users, and those frustrated with traditional cashback apps' delays and limitations, solving the problem of low savings and unbanked access by maximizing rewards—users reportedly earn around $900 annually—while partnering with major retailers like DoorDash, Uber, Lowe’s, Gap, Ulta Beauty, and AMC Theatres.[1][3][5] The company has demonstrated strong growth momentum, achieving over $500,000 in annual recurring revenue (ARR), adding 15,000+ new members monthly, and raising $6.4 million in total funding, including a recent $3.7 million seed round.[1][3]
StoreCash was founded in 2019 (with operations noted from 2020) by Daricus Releford, a serial entrepreneur with a bachelor's in engineering and MBA in information technology, plus 15 years at Fortune 500 firms like Microsoft and Adobe in full-stack engineering.[1][3][6] Releford, inspired by his family's entrepreneurial spirit—from high school hot dog stands to college chocolate businesses generating millions—launched StoreCash to address Americans' low savings (56% have under $1,000) and help build generational wealth through better cashback access, initially targeting unbanked consumers via efficient fund transfers.[3][6] Early traction came from its subscription model and instant rewards, leading to adoption by top brands and recent funding from investors like Black Ops Ventures, MaC Venture Capital, 43North, and Alumni Ventures, fueling expansion.[1][3]
StoreCash rides the fintech democratization wave, capitalizing on rising consumer demand for transparent, instant rewards amid economic pressures like low U.S. savings rates and inflation, disrupting a cashback market dominated by fee-heavy players.[1][3] Its timing aligns with mobile payment proliferation (QR codes post-COVID) and affiliate marketing growth, enabling equitable access for unbanked/underbanked users while integrating with everyday debit/credit habits.[5][6] By prioritizing user benefits and scaling via API partnerships, StoreCash influences the ecosystem toward fee-free models, potentially pressuring incumbents and expanding personal finance tools like upcoming budgeting features.[3]
StoreCash is poised for accelerated growth through product expansions like budgeting tools and deeper fintech API integrations, leveraging its $6.4M funding to capture more of the cashback market amid trends in embedded finance and reward personalization.[3] Evolving consumer shift to instant, high-yield apps will amplify its influence, potentially positioning it as a major personal finance player if it sustains 15K+ monthly signups and brand partnerships. This builds on its core mission of wealth-building, transforming everyday shopping into a transparent savings engine.
StoreCash has raised $7.1M in total across 3 funding rounds.
StoreCash's investors include Autotech Ventures, MaC Venture Capital.
StoreCash has raised $7.1M across 3 funding rounds. Most recently, it raised $4.0M Seed in November 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2024 | $4.0M Seed | Autotech Ventures, MaC Venture Capital | |
| Sep 1, 2022 | $3.0M Seed | Autotech Ventures, MaC Venture Capital | |
| Jun 1, 2019 | $120K Seed |