Rezolve Ai has acquired Reward for $230m to boost AI-driven banking and commerce. The merger combines Reward’s customer engagement with Rezolve Ai’s conversational commerce and AI technologies, creating a shared AI platform. Both companies have a global reach and aim for widespread adoption of AI-powered commerce.

CEO Daniel Wagner sees Reward as a profitable platform enhancing AI-driven commerce. The acquisition integrates Reward’s transaction insights and communication channels with Rezolve Ai’s real-time commerce functions. The merged group plans to expand their presence in the Americas for further growth.

Reward, supported by Experian and TransUnion, operates in over 15 markets. They have given over $2.5 bn in cashback to customers and aim to increase this to $4bn by 2030. CEO Jamie Samaha views the acquisition as a validation of their performance, aiming to create a unique AI-driven commerce platform for global retail partners.

The deal between Rezolve Ai and Reward was reported by Retail Banker International. The information provided serves as general informational purposes and should not be solely relied upon for advice. Professional advice is recommended before making any decisions based on the content.

Read more at Yahoo Finance: Rezolve Ai buys fintech firm Reward in $230m deal