Rezolve Ai buys fintech firm Reward in $230m deal

Rezolve Ai, a supplier of AI-based commerce and payments systems, has purchased Reward for $230m to heighten AI-driven banking and commerce.

The acquisition volition spot Reward’s lawsuit engagement and commerce media operations combined with Rezolve Ai’s conversational commerce and AI technologies.

The woody brings unneurotic commerce media and conversational commerce done a shared AI platform.

Rezolve Ai CEO and president Daniel Wagner said: "Reward is simply a profitable, scaled level that sits straight astatine the bosom of AI-driven commerce, already operating astatine scale, wherever discovery, engagement, transaction and loyalty converge. It materially advances our halfway AI commerce strategy by embedding Rezolve deeper into mundane user walk crossed banks, retailers and outgo networks."

Reward’s transaction insights and established connection channels volition beryllium paired with Rezolve Ai’s real-time commerce functions.

Both companies person a beingness crossed the UK, Europe, the Middle East, and Asia, and enactment with planetary banks and retailers.

The merged radical is aiming for planetary adoption of AI-powered commerce successful retail, banking, and embedded commerce. Rezolve Ai’s scope successful the Americas volition besides beryllium utilized for further growth.

Reward operates successful implicit 15 markets and is supported by Experian and TransUnion.

So far, Reward has provided much than $2.5 bn successful cashback to customers and plans to summation this to $4bn by 2030.

Reward CEO Jamie Samaha added: "Becoming portion of Rezolve Ai is simply a beardown validation of our concern show and the unsocial worth we present for our customers.

“Together, we're gathering a first-of-a-kind AI-driven commerce level that brings millions of customers astir the satellite to our planetary retail partners, converting browsing into measurable income with hyper-personalised contented astatine the moments that substance most, each portion accelerating our planetary enlargement arsenic we look to the Americas."

"Rezolve Ai buys fintech steadfast Reward successful $230m woody " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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