With over 3,000 brands and 225k registered users, Qoala is a free browser extension & mobile app that automatically rewards users while shopping online with the aim to help ecommerce sites to improve their conversion rates, having generated more than 2.7M€ in GMV.
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Qoala is a free browser extension that rewards the user automatically in the form of cash-back and coupons when shopping online. Qoala solves two problems simultaneously for brands and users. Users don't have to go searching for coupons online, saving time and money and our objective is to develop a tool that can help brands improve conversion rates.
We believe that our value proposition is a win-win-win, as the user saves money while doing purchases they were already going to make and we make a commission on every purchase.
This value proposition and model has allowed us to grow since being founded in late 2019. Qoala can work with over 3,000 sites from top brands (such as AliExpress, Nike & Asos) for whom we have generated more than 2.7M€ in GMV (87k revenue and -589k EBITDA in 2021). In 2 years we've gone from 500 to 225k users becoming the market leader in the Spanish market and with a strong presence in Latin America. This year, we were selected as one of the 100 finalists of South Summit 2021 and were the winners of PCC Startup Booster, one of Spain's largest startup competitions, as well as appearing in top media such as Business Insider..
We're fundraising to help hit our 2022 goals and through our partnership with Ecologi we hope to become climate positive. Join us.