[1] The company is based in Chicago, Illinois, and was launched in 2013 by founder George Bousis, who still remains the Executive Chairman and CEO.

Raise.com was initially conceived as a spinoff of another service created by Bousis and Bradley Wasz, called CouponTrade, which was founded in 2010.

[9][10] In June 2016, Raise acquired Slide for an undisclosed amount in stock, a company which allows people to store gift cards in a digital wallet/passbook.

[14] In late 2018, Raise appointed a new CEO, Jay Klauminzer, a marketplace veteran from Groupon and DoorDash.

[17][18] Raise.com also has partnerships with "over a dozen undisclosed retailers so far who are interested in the sorts [of] consumer shopping insights Raise can provide.

Users select a merchant, enter the amount of spend, and are then issued a barcode that can be scanned at the register or typed in online.