PerformanceININside Performance Marketing
JOIN THE PERFORMANCEIN Join the PerformanceIN Partner Network
Capital One Acquires Luxury Cashback Site Jewel

Capital One Acquires Luxury Cashback Site Jewel

PerformanceIN

Capital One acquires luxury cashback site Jewel to help consumers save both time and money.

Bank holding company Capital One has acquired Jewel Commerce LLC, a Detroit-based luxury cashback site, just two years after it launched. Jewel’s mission is to help consumers find and discover their favourite luxury brands while also helping them earn cash back at the same time. By joining Capital One, Jewel will be able to bring savings and discovery to the luxury loyalty space and further enhance their offerings. Purchasing through the website can earn users cash rebates from 2% to 35%.

Capital One is developing a set of tools that helps customers make smarter financial decisions, and the acquisition is part of a way to add to that. The terms of the transaction were not disclosed.

“Capital One and Jewel have a shared goal of providing simple, straightforward digital tools that can help consumers effortlessly save time and money,” said Walt Roloson, vice president at Capital One Financial.

“We are deeply appreciative of the support from our customers, merchants, investors and community partners and are looking forward to growing with these relationships in our next chapter,” said Andrew Landau, co-founder and CEO of Jewel.

Jewel’s headquarters will remain in Detroit, with plans to employ additional staff this year.

Continue the conversation

Have something to say about this article? Comment above, share it with the author JoeleForrester or directly on Facebook, Twitter or our LinkedIn Group.

Joele Forrester

Joele Forrester

Joele is a journalist at PerformanceIN reporting news from the world of performance marketing, while also reporting live at events, writing feature articles and interviewing key industry players.

Read more from Joele

You may also like…