By Kymberly Martin
Fastest growing online shopping community in Australia.
Cashrewards with its tagline ‘get paid to shop’ has taken out the annual Deloitte Technology Fast 50 Award. The awards recognise Australian technology and financial companies that have achieved the fastest rates of annual revenue growth over the past three years. Cashrewards offers exclusive deals and cashback on everything customers buy from over 1,000 Australian and international retailers including Woolworths, Apple, Virgin Australia, Amazon and Macy’s. Members can gain cash back of up to 52% of their purchases including sale items.
Speaking to guests at the awards event held at Sydney Opera House Aria Point Marquee, Cashrewards founder, Andrew Clarke said the business was made possible because the technology enables people to put extra cash into their pockets by simply shopping online. The Cashrewards website offers its 150,000+ members access to retailers’ online stores. It is free to join and once logged in, customers are shown all the retail brands and the cashback percentage as well as current sale deals.
“Cashrewards is designed to give Australian consumers easy access to hidden extra savings on almost anything they want to buy,” Clarke said.
The company has just released its Cashrewards Notifier. Available from Google Chrome it allows customers to earn $1,000’s per year, with just one click, from shopping as normal.
To qualify for the Deloitte Fast Tech 50, applicants must accumulate more than $8 million in revenue over a three year period. “Cashrewards swept away the nearest competition by securing a phenomenal 12,469% growth over the three year period,” Deloitte Tech Fast 50 lead partner, Joshua Tanchel said. This was the highest result since 2004 and the second highest since the awards started in 2001. He added that the online shopping sector was the most outstanding growth performer.
More than one third (38%) of Tech Fast 50 winners this year were online businesses, that included marketplaces and business models in the financial services and health sector. A further 26% of winners were from fast growing networking and communications and technology companies, supporting the shift of business to the cloud, with the balance evenly spread across software and digital marketing technology businesses.