UAE-based Startup CheckRewards Launches Cash-Back Services in Saudi

UAE-based startup CheckRewards has recently announced its plan to launch its cash-back services in Saudi Arabia, with an aim to enhance the shopping experience and popularise the cash-back concept in the Kingdom.

Founded in 2023 by Artem Ostapenko, CheckRewards utilises machine-learning technology to offer users instant cash-back services. Backed by a USD 1.2 million investment from the global holding firm, Migo Group, the app attracted over 100,000 users within the first month of its operation in the UAE. Given the adaptable nature of the Saudi market and its size, which is four times bigger than the UAE, CheckRewards is planning to launch its services in the Kingdom by the second quarter of 2024.