Capital One seals limited asset purchase agreement with mobile savings startup BankOns

Rewards based on location and spending history

Capital One has acquired select software from mobile startup BankOns for an undisclosed amount. As part of the deal, several associates of BankOns, including founder Joshua Greenough, are departing the company to join Capital One. BankOns offers tools that allow banks to reward users based on their location and spending history. The app finds all the local deals available at the user’s current location and sorts them by distance and transaction history.




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