Rewards Network
Rewards programs and financing for the restaurant industry.
Company facts
- Founded
- 1984
- Employees
- 800
- Headquarters
- United States
- CEO
- Edmond Eger III
- Type
- Private
- Funding
- Private Equity · $30.6M · 2017
- Subsidiaries
- iDine, Neighborhood Nosh
About
For four decades, Rewards Network has been a pivotal force in the restaurant industry, dedicated to fostering the growth and success of local dining establishments. The company operates as a leading fintech firm, providing a comprehensive suite of marketing and financial services tailored to the unique needs of restaurants. With a team of over 400 professionals headquartered in Chicago and deployed across the nation, Rewards Network is committed to the principle that thriving local restaurants are the cornerstone of vibrant communities. This mission is underscored by the support of TowerBrook Capital Partners and a forward-thinking executive leadership team, which has propelled the company's focus on leveraging advanced technology and sophisticated data analytics to deliver unparalleled value to its partners. Rewards Network's innovative business model centers on connecting restaurants with a vast and engaged member base, currently exceeding 20 million diners. This is achieved through strategic partnerships with over 30 of the world's most prominent loyalty programs, including major airlines and hotel chains. By participating in the network, restaurants gain access to a steady stream of full-price paying customers, which can account for a significant portion of their monthly sales. The company's services extend beyond customer acquisition to include flexible funding options, providing restaurants with the necessary capital for growth and expansion. Through a pay-for-performance framework, Rewards Network ensures that its success is directly aligned with the success of its restaurant partners, offering a risk-mitigated solution for driving incremental traffic and revenue. The platform also provides powerful data-driven insights and verified diner reviews, empowering restaurant owners to make informed decisions and continuously enhance their offerings.