Rezolve AI Acquires Reward for $230M
NASDAQ-listed Rezolve Ai, a global AI and commerce company, will acquire Reward in a $230 million all-cash deal. The company stated the acquisition aims to accelerate innovation in AI-powered banking and commerce by combining conversational commerce with retail media.
- Rezolve AI, founded by serial entrepreneur Daniel M. Wagner, began trading on the NASDAQ under the ticker "RZLV" on August 16, 2024, following a business combination with a special purpose acquisition company (SPAC), Armada Acquisition Corp I. - The acquisition is a non-dilutive, all-cash transaction funded from Rezolve AI's existing resources and is expected to add approximately $90 million of EBITDA-accretive revenue for the fiscal year 2025. - Reward, founded in 2001 by Gavin Dein, operates a customer engagement and commerce media platform in over 15 markets, with strategic partnerships with major financial institutions and payment networks like Visa, Mastercard, Barclays, and NatWest. - The strategic goal of the acquisition is to embed Rezolve's "Agentic Commerce" AI capabilities directly into Reward's extensive network of banks and retailers, which currently reaches tens of millions of cardholders. - Reward's CEO, Jamie Samaha, and the senior leadership team are expected to remain in place to ensure operational continuity during a phased integration. - To date, Reward has returned over $2.5 billion in cashback to customers and aims to reach $4 billion by 2030. - Rezolve AI is pioneering what it calls "Agentic Commerce," a vertical AI stack for the retail industry that utilizes a proprietary Large Language Model to automate and enhance the entire commerce process from discovery to settlement. - Prior to the acquisition, Rezolve AI reported trailing twelve-month revenue of $5.3 million as of June 2025, while holding a market capitalization of approximately $1.03 billion as of February 2026.
