• About & Contact Us
  • SEO Community

Ulancer.com

    • Latest Stories

      What is new?

    • Square acquires corporate catering startup Zesty

      April 19, 2018

    • PlayVS wants every high school to have an esports team

      April 19, 2018

  • News
  • How to’s
  • Writing
  • Startups
  • Jobs
  • More
    • CMS Tools
    • APPS
    • Web Resources
      • Advertising
      • Firefox
      • Scripts
      • Tools

Earny raises $9M to refund your purchases when prices drop

  • by Ulancer Contributor
  • In Startups
  • — 5 Dec, 2017


Have you ever bought something only to see it go on sale the next day?

It may seem like bad luck, but you’re often still entitled to get that discount. Some retailers and credit card companies will even guarantee price drop refunds for up to 90 days.

But it can be a hassle to keep track of price changes and to follow through and get your money back. A handful of sites have been springing up to handle this on your behalf. One of those is Earny. 

Earny’s app syncs with your inbox and identifies receipts. It then monitors prices at Amazon, Wal-Mart, Target, Best Buy and others. Earny will contact the retailers to ensure that the money goes back on your credit card, or arrives via a check. Earny takes a 25% commission for its efforts.

The Santa Monica, California-based startup is now raising $9 million to accelerate its growth. The latest round was led by Mayfield with participation from Comcast Ventures and Science Inc. Earny previously raised about $2.5 million. 

The startup is also announcing that it will be automating credit card price protection claims for all Visa cards. Earny says it tracks about 50 million items from the top 35 retailers.

The business says its users end up getting about 5% of their money back, on average. The most common refunds are for electronics and clothes.

When asked if the retailers would be frustrated by Earny’s model, CEO Oded Vakrat insists that it’s just the opposite.

Vakrat claims Earny “reduces item return rates because customers are more satisfied from their purchase.” He believes they are “three times more likely to purchase again from the same retailer.”

Mayfield partner Rishi Garg says he invested in Earny because he was “impressed with their unique take on customer advocacy and the comfort they bring to shoppers that their purchases are protected.”

Earny plans to use the funding to build out its product and expand into travel. Starting next year, for example, users will be able to get discounted rates at hotels.

Featured Image: megaflopp/Shutterstock


News source

You might also like...

  • Parsley Health picks up $10 million to reimagine healthcare 17 Apr, 2018
  • Scribd will get Veronica Roth’s ‘Fates Divide’ on launch day 9 Apr, 2018
  • Liberis raises £57.5M to offer finance for small businesses paid back via customer card transactions 11 Apr, 2018
  • Events management platform Bizzabo raises $15M growth round 13 Dec, 2017
  • Previous story Toptal LLC: React Developers
  • Next story ‘Wolverine: The Long Night’ is Marvel’s first scripted podcast
  • RSS
    Receive Freebies & Latest Posts Directly To Your Email - it's Free!

    • Recent Posts
    • Most Popular
    • Comments
    • IQ-pZI_YrIcSquare acquires corporate catering startup ZestyApril 19, 2018
    • CwWjOVt7b0IPlayVS wants every high school to have an esports teamApril 19, 2018
    • item-page-cryptokitty.pngCrypto-collectibles and Kitties marketplace Rare Bits raises $6MApril 19, 2018
    • freelance-dream-590x354.jpg7 Resources to Help You Start Freelancing From ScratchApril 19, 2018
    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
    • wptheme2A Collection of Free WordPress ThemesJuly 11, 2010
    • Troy on:Useful List of Best Magento SEO Extensions For E-commerce Store
    • Роман Оныщук on:  15 Most Popular Cloud Applications and SaaS Services for Business
    • Yemli Lala on:How to Outsource Your Freelance Blogging Work with Integrity
    • Sammy May on:Chip, the chatbot savings app, raises over £1M in crowdfunding with plans to apply for a banking license
  • Staff Picks

    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
  • Recent Posts

    • Square acquires corporate catering startup Zesty
    • PlayVS wants every high school to have an esports team
  • Search Our Blog

  • Ulancer is an insightful freelance blog and resource site. We provide intuitive articles that cover Photoshop tutorials, time-saving management tips covering a broad range of topics. We also have an active freelance community forum, there you can meet other freelancers that share your common interest, socialize and chat about freelance trending news as the occurred.

© Copyright 2013 Ulancer.