PayPal has returned to reinvest in Dosh as part of the series B equity portion of a $40m round that reportedly valued it at $300m.

Dosh, the US-based operator of an offer-based advertising platform, secured $40m in debt and equity financing yesterday from investors including payment technology provider PayPal.

The financing consisted of a $20m series B round co-led by Goodwater Capital and Western Technology Investment and also backed by Bam Capital and Anthem Venture Partners that valued Dosh at $300m according to TechCrunch, and $20m in debt financing.

Founded in 2016, Dosh runs an app that links to users’ credit or debit cards and…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.