When was Thanks founded?

Thanks was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is Thanks located?

Thanks is headquartered in Sydney, Australia.

Who is the current CEO of Thanks?

Doron Ostrin of Thanks. They have also founded 1 company.

How many employees does Thanks have?

As of Jul 31, 2026, the latest employee count at Thanks is 69.

Is Thanks a funded company?

Thanks is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 11, 2025.

When was the latest funding round of Thanks?

Thanks' latest funding was a $***** Seed round on Mar 11, 2025, with participation from 3 investors.

Where does Thanks rank among its competitors?

Thanks ranks 4th amongst 30 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Bonat, which secured $6M in Nov, 2025.

Who are the top competitors of Thanks?

Thanks' top competitors include Bonat, Nift and Merit Incentives. Among them, Bonat secured the most recent funding round in November, 2025.

Thanks - 2026 Company Profile, Team, Funding & Competitors

Company Details

Coupon based loyalty platform for customers. It rewards users via coupon for the transactions. The platform provides rewards from different brands to optimize customer engagement through discounts and offers. The rewards are personalized based on customer behaviour and preferences.

Website: www.thanks.co/
Email ID: *****@jointhanks.com

Key Metrics

Founded Year

2023

Location

Sydney, Australia

Stage

Seed

Total Funding

$2.6M in 1 round

Latest Funding Round

Seed, Mar 11, 2025, $*****

Investors

Founder Collective & 3 more

Ranked

4^th among 30 active competitors

Employee Count

69 as on Jul 31, 2026

Similar Companies

Bonat & 33 more

View Thanks' full profile

Thanks is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
THANKS AD PTY LTD CIN: 665397062 , Australia, Active	Nov 15, 2024	-	-

Thanks has raised a total funding of $2.6M over 1 round. Its latest funding round was a Seed round on Mar 11, 2025 for $*****. 3 investors participated in its latest round. Thanks has 4 institutional investors.

Here is the list of recent funding rounds of Thanks:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 11, 2025	9654617	Seed	8377957	4151665	8732163	2232907

Access funding benchmarks and valuations. Sign up today!

View details of Thanks's funding rounds and investors

The founders of Thanks are Doron Ostrin and Cayley Ostrin. Doron Ostrin is the CEO of Thanks.

Here are the details of Thanks' key team members:

Doron Ostrin: Co-Founder & Co-CEO of Thanks.
Contact Info: 1 email address
Cayley Ostrin: Co-Founder of Thanks.

View details of Thanks's Founder profiles and Board Members

Thanks' employee count trend

Thanks has 69 employees as of Jul 26. Here is Thanks's employee count trend over the years:

Uncover Thanks' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Thanks include Bonat, Nift and Merit Incentives. Here is the list of Top 10 competitors of Thanks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bonat 2018, Riyadh (Saudi Arabia), Series A	Platform offering app based loyalty software	$6M	Impact46, tali ventures & 5 others	66/100
2nd	Nift 2014, Cambridge (United States), Series A	Rewarding customers with thank-you gifts to discover new brands	$19.5M	Spark Capital, Accomplice & 2 others	62/100
3rd	Merit Incentives 2016, Riyadh (Saudi Arabia), Series B	Customer engagement and loyalty management platform	$45M	Impact46, ICAP & 5 others	57/100
4th	Thanks 2023, Sydney (Australia), Seed	Coupon based loyalty platform for customers	$2.6M	Founder Collective, Peak XV Partners & 2 others	54/100
5th	eCard Systems 2001, Brentwood (United States), Acquired	Card-based gift and loyalty program solutions	-	Housatonic, Search Fund Partners & 4 others	37/100
6th	Simple Discounts Australia, Unfunded	Provides discounts for tenants for paying bills	-	-	36/100
7th	Enjovia 2013, United Kingdom, Seed	Gift card management system and gift card system software	$282K	Alacrity, Wesley Clover & 1 others	36/100
8th	GIFTA 2020, Melbourne (Australia), Unfunded	Platform for purchasing and managing gift cards and gift card solutions	-	-	32/100
9th	Transaction Wireless 2006, San Diego (United States), Acquired	Digital gift cards and marketing platform	$4.25M	Okapi Venture Capital, Mission Ventures	32/100
10th	Goodies Card 2019, Kottayam (India), Deadpooled	Loyalty cards collection portal	-	-	30/100