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Brazilian Affiliate Platform Cashbanx Raised USD $4M Funding Round

Cashbanx, the Brazilian affiliate platform, has recently announced a USD $4M funding round from SRM Ventures. Cashbanx is responsible for the entire operational and financial side of its customers' shopping, providing an enhanced cashback experience. The company seeks to drive market growth and offer solutions to its partners.

"The cashback market has a huge growth potential, and our platform has stood out for providing a complete and efficient solution for customers. We are committed to offering the best cashback experiences and driving the success of our partners," says André Giannetti, CEO of Cashbanx.

Cashbanx is currently partnered with over 500 stores in Brazil and has the aim to expand into the US market under 'Cashbanx, Inc.'

"We believe in the enormous potential of the cashback market and we see in Cashbanx a company with strategic vision and leadership capacity in this segment", -André Szapiro, Head of SRM Ventures.