PayPal was among the investors as the consumer cash-back platform completed a series A round that will support product development.

Dosh, the US-based creator of a voucher-based marketing platform, has closed a $44m series A round that included payment technology provider PayPal, venture capital firm Goodwater Capital and unnamed institutional investors.

Dosh has built an online platform which businesses and brands use to provide cash-back offers to customers of shops, restaurants or hotels to promote loyalty, while gaining behavioural data on consumers.

The company claims the platform has paid back $25m to users since it launched its app in 2017,…