Who invested in Merit Incentives?
Merit Incentives's investors include Endeavor Catalyst and Oryx Fund.
Who invested in Merit Incentives
Funding summaryUpdated 26 Oct 2026
$28Mraised across 1 round since 2025, from 1 source
- Latest round
- Series B, $28MFeb 2025
- Investors
- 2
The rounds
- Feb 2025
Founders and team
From Merit Incentives's own website: 8 on the team.
- Fred BarryChief Product and Growth Officer
- Marta BabianoChief Legal Officer
- Rajaa KhoderChief Financial Officer
- Thrishan PadayachiChief Technology Officer
- Waleed Al-JasserChief Operating Officer
- Mark McCowanManaging Director
- Paul ButlerDirector Finance & Systems
- Raphael MostafaGeneral Manager
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 3 firms list Merit Incentives as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Merit Incentives
How much has Merit Incentives raised?
Merit Incentives has raised $28M across 1 round since 2025.
When did Merit Incentives last raise?
Merit Incentives's most recent round was a Series B of $28M in Feb 2025.
What was Merit Incentives's biggest round?
Its most recent round, $28M in Feb 2025, is also its largest on record.
Who backed Merit Incentives first?
Merit Incentives's first round on record, in Feb 2025, was backed by Endeavor Catalyst and Oryx Fund.
What stage is Merit Incentives at?
Merit Incentives's latest named round is a Series B, in Feb 2025.
Companies like Merit Incentives
In the same sector, and raised in the last eighteen months.
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