Envaulted operates a cashback program where users register their credit card and earn a 1% flat cashback on purchases. Once a user accrues $10, they can request a check once a month with no strings attached. The startup also tracks where its community spends and attempts to negotiate deals and offers from merchants, focusing primarily on cashback offers rather than discounts. Envaulted positions itself as rewarding users for the brands they already shop with and aims to capitalize on trends popularized by services like Blippy and Swipely. The company has raised $1 million in seed funding to date. The article presents the model as an attempt to revive and reimagine traditional cashback programs, though it stops short of declaring it a proven approach.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2010