Rezolve Ai Acquires Reward in $230M Deal
Global commerce and AI company Rezolve Ai has acquired Reward for $230 million in an all-cash transaction. The company stated the acquisition aims to accelerate innovation in AI-powered banking and commerce. The deal combines Rezolve's conversational commerce platform with Reward's capabilities.
- The acquisition is expected to add approximately $90 million in EBITDA-accretive revenue for Rezolve Ai in fiscal year 2025. - Reward brings a significant, profitable platform to the deal, having already returned over $2.5 billion in cashback to customers with a goal of reaching $4 billion by 2030. - The acquisition provides Rezolve Ai with Reward's established enterprise deployments with major financial institutions, including Barclays, NatWest, and Mashreq, and backing from data firms Experian and TransUnion. - This move is part of a larger "bolt-on" acquisition strategy by Rezolve Ai to build a comprehensive AI commerce platform, following previous purchases of companies like GroupBy and Smartpay. - The combined entity aims to create a single platform for "agentic commerce," integrating Rezolve's conversational AI with Reward's transaction-based data and loyalty programs. - Key executives involved include Rezolve Ai's CEO Daniel M. Wagner and Reward's CEO Jamie Samaha, with Reward's founder Gavin Dein staying on as Deputy Chairman. - Geographically, the deal leverages Reward's strong presence in Europe, the Middle East, and Asia to complement Rezolve Ai's plans for expansion into the Americas. - The all-cash transaction was made from existing resources, following a successful, oversubscribed $250 million financing round that Rezolve Ai completed in January 2026.
