Mitgo Ventures Invests in Qoala to Transform Cashback Solutions

Mitgo Ventures, Mitgo Group’s investment arm, has recently invested into Qoala, a cutting-edge cashback service based in Spain. This strategic move is part of Mitgo Ventures’ ambitious $20 million Publisher Investments program, showcasing the company’s dedication to nurturing innovative ventures globally.

Revolutionizing Cashback

Qoala’s browser extension has gained popularity among users in LATAM and Europe, offering seamless cashback rewards and coupon applications in over 4,000 stores. With a user base of 150,000 and growing, Qoala is revolutionizing the cashback experience with its blend of incentives and one-click checkout. The service partners with such well-known brands as Adidas, HP, Nike, IKEA, Vans, Booking.com, ASOS, AliExpress and many others.

A Shared Vision for Success

This collaboration aligns Qoala with a major industry player, leveraging Mitgo’s expertise to enhance user experiences and extend services to over 1 million users in the coming year.

We’re thrilled to announce a strategic investment and partnership with Mitgo Ventures, marking a significant milestone in our journey to becoming the top cashback solution across Europe and Latin America.

Rafael Rubio

Co-founder and co-CEO of Qoala

We are entrepreneurs as well, and it’s great to see an energetic and inspired team that has the necessary skills in addition to passion. Qoala is great at combining both the B2C component and value to the user, as well as focus on B2B and great adaptability to large clients and their audiences.

Max Volokhov

Managing Partner at Mitgo Ventures

Opportunities Beyond Funding

Beyond funding, Qoala gains access to an expanded network of advertisers through Mitgo Group, comprising over 30,000 brands and online stores. This strategic advantage positions Qoala for rapid growth and market expansion.

Publisher Investments program

The investment in Qoala marks the beginning of Mitgo Ventures’ Publisher Investments program, aimed at supporting ventures across various sectors. By addressing finance gaps and cash flow challenges, Mitgo empowers publishers to reach their full potential.

With an initial investment capital of $20 million over the next two years, Mitgo Ventures anticipates further expansion based on promising applications from publishers. This investment in Qoala showcases Mitgo’s commitment to driving innovation and fostering growth in the digital landscape.

Stay tuned for more updates on our partnership with Qoala and other pioneering projects under our Publisher Investments program.

If you are a publisher interested in investment opportunities, apply here to connect with the Mitgo Ventures team.