NEW YORK, NY, Accrue Savings, the merchant-embedded shopping experience that rewards consumers for saving, has raised $25 million in a Series A funding round.
The round was led by Tiger Global, with participation from Agla√© Ventures, the tech investment firm backed by Groupe Arnault, Maple VC, and notable leaders such as UPS CEO Carol Tom√© and Fanatics CEO Michael Rubin. Returning investors include Twelve Below, Box Group, Red Sea Ventures, Ground Up Ventures, Good Friends, Silas Capital Ventures, among others.
Accrue Savings is a payment option that rewards customers for saving for the things they love and dream to have without taking out short-term loans. When it comes to shopping, customers have endless products to choose from, but limited payment options to purchase those items debt-free. With Accrue Savings, customers are able to save for anything from products to services to travel, on their own terms, while brands encourage their savings efforts with cash rewards along the way.
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