Cashoff Cashoff Laboratory

The main area of ​ ​ activity is the development of the Cashoff personal finance management service.

Cashoff implements integration work on the implementation of the Cashoff service in bank infrastructures, complementing remote service channels with PFM functionality:

• bank clients are given the opportunity to manage finances in the Internet bank: budget, goals, cash flow
• the bank is provided with the opportunity to manage personal offers in the Internet bank for the sale of banking products and services

Lab" - created on the basis of an innovation center. Skolkovo The company is a research laboratory, within the framework of which an intelligent system for analyzing the cash flows of bank customers is being developed.

History

2024: Receiving 6.7 million rubles from Skolkovo

Cashback automation technology developer Cashoff Lab has raised 6.7 million rubles in investments. We are talking about a grant issued to the company by the Skolkovo Foundation, his press service said on January 22, 2024.

The Cashoff Lab team intends to spend the funds on improving the cashback calculation automation system in order to further simplify the cashback payment process to users of banking applications and increase the retention rate of bank customers.

Cashoff Lab raised 6.7 million rubles of investments through a grant

Receiving grant support from Skolkovong made it possible to launch the implementation of a significant project for the banking market, - comments the founder and CEO of Cashoff Lab. - Cashoff Lab helps banks implement automatic check loading technology based on data matching from banks and OFDs. At the moment, there are no analogues of this integration, so the widespread adoption of the technology will contribute to increased competition in the banking market, and consumers will be able to gain tangible savings through new digital banking.

It is alleged that the technology developed by Cashoff Lab due to the automatic mode of confirmation of the purchase of promotional goods allows you to exclude fraudulent actions to manually load checks when scanning QR codes. For users, there is an automatic download of a check from any store for a bank transaction.

Skolkovo notes that by January 2024, the Cashoff Lab product had passed all the necessary stages of testing and showed high readiness for practical use in real conditions. Cashoff Lab's customers are more than 50 banks worldwide with more than 100 million customers. The startup is also developing a technology for calculating cashback for purchases of goods of popular global brands.^[1]

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