Ebates
 |
|
| Industry | Cashback website, Online coupons |
|---|---|
| Founded | May 3, 1998 in Menlo Park, CA, United States |
| Founders | Alessandro “Sandro” Isolani and Paul Wasserman |
| Headquarters | San Francisco, CA |
|
Area served
|
United States, Canada, China, South Korea, Singapore |
|
Key people
|
Kevin H. Johnson (CEO) |
|
Number of employees
|
500 (Worldwide, 2016) |
| Parent | Rakuten |
| Website | ebates |
Ebates is an American cashback website headquartered in San Francisco, CA. The site acts as a shopping portal offering coupons and cash back from over 2,000 online retailers.
Ebates earns a commission when a shopping session is initiated through affiliate network links. Ebates shares a percentage of the commission with its members in the form of cash back. Members are paid quarterly via check or through PayPal.
Since it laid its foundation in 1998, the company has acquired 7 dot-com companies and apps: Extrabux, Pushpins, OneReceipt, BFAds, FatWallet, AnyCoupons and Shopular.
Ebates was founded in 1998 in Menlo Park, CA by two former deputy district attorneys, Alessandro Isolani and Paul Wasserman. Funded by venture capital firm Foundation Capital, Ebates.com launched on May 3, 1999 offering up to 25% cash back from about 40 online retailers. Through publicity and word of mouth, Ebates.com had 100,000 hits per day after its first week.
In 2000, Ebates reported having two million members and had 300 participating online retailers. The initial growth led to $25 million in funding from venture capital firms August Capital, Canaan Partners, Foundation Capital and Rembrandt Venture Partners. Ebates moved its headquarters from Menlo Park to San Francisco, CA.
In 2001, Isolani replaced Wasserman as the CEO. Ebates reported having paid out over $1 million in cash rebates.
In 2008, Kevin H. Johnson replaced Isolani as CEO. Johnson was formerly the president and general manager at Acxiom Digital, a division of Acxiom Corporation.
In 2011 the company acquired FatWallet and AnyCoupons.com and later merged to form a new company called Performance Marketing Brands. In the next year Ebates bought a free web and iOS application, OneReceipt. In August 2016, OneReceipt shut down.
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