Planning a trip can be challenging, particularly when utilizing frequent flier miles and reward points. Most consumers either don’t know how to maximize their points or find it difficult to remember all the rewards. People frequently wind up spending far more on hotels and flights than they need to, instead of saving money.
Jon Hayes spotted an opportunity here. He developed Rewardstock, a smartphone software that aims to simplify and lower the cost of vacation planning. In order to get the greatest offers on flights, lodging, and other travel-related expenses, Rewardstock assists users in organizing and optimizing their travel rewards.
In Season 10 of Shark Tank, Jon’s experience with Rewardstock was highlighted. He went into the show hoping to get $200,000 in exchange for 5% equity. Did the entrepreneur get a deal on Shark Tank? Check out our RewardStock update to find out!
RewardStock Net Worth Shark Tank Update 2025
Jon Hayes asked for a $200,000 investment in exchange for 5% equity in his company. This meant he valued his company at $4 million. He made a deal with Mark Cuban for $320,000 in exchange for 10% of his company, plus 1% in advisory shares. This new deal valued his company at $3.2 million. After the show aired, Rewardstock saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Rewardstock is about $4.72 million.
Rewardstock became well known after striking a contract with Mark Cuban. But in 2020, Jon sold Rewardstock to Experian, marking an exciting new chapter in his career. Although the precise sale price is yet unknown, the transaction was entirely in cash. Rewardstock began a new chapter with its acquisition by Experian, which integrated its distinctive travel reward service into Experian’s wider portfolio.
Rewardstock’s website and social media accounts have not been active since the acquisition, suggesting that the service may have been incorporated into Experian’s own platform. Even if Rewardstock is no longer a stand-alone app as of today, Jon’s creativity endures thanks to Experian.
Yes, Jon Hayes could close a deal on Shark Tank! Mark Cuban made him an offer when he showed the sharks Rewardstock and impressed them with his idea. Mark suggested paying $320,000 for 1% advisory shares and 10% equity. After accepting this offer, Jon left the stage with the money he required and a useful business alliance with Mark Cuban.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Mark Cuban | 1# $200,000 for 10% equity 2# $320,000 for 10% + 1% in advisory shares | $200,000 for 8% of equity | Yes |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $200,000 for 10% equity | N/A | No |
| Sara Blakely | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
RewardStock Shark Tank pitch
Jon Hayes was inspired to start Rewardstock with his personal travel experiences. His goal when organizing his honeymoon was to make it memorable without going over budget. He only spent a small portion of what could have been a costly trip by using reward points and frequent flier miles, which allowed him to save thousands of dollars.
Jon created Rewardstock after seeing the potential of a program that may assist others in doing the same. His aim was to develop a technology that would facilitate more affordable travel planning. Early on, though, Jon had to deal with issues including a lack of funds and the requirement to inform others about the advantages of strategically deploying rewards.
Jon started his presentation by outlining how Rewardstock works as a “travel advisor” software that arranges reward points to assist users in planning reasonably priced vacations. After users enter their points, Rewardstock will suggest strategies to optimize their savings. The $29 membership fee and referral commissions from travel partners are the app’s primary revenue streams.
Even though the company’s revenues at the time were barely $50,000, Jon was sure he could grow Rewardstock considerably with the correct capital. Keep reading our RewardStock update to see what happens next!
Kevin O’Leary wanted to know how Jon intended to generate income and what the revenue strategy was. According to Jon, referral commissions and membership fees, which is $29 a year, are the two primary revenue streams.
Barbara Corcoran asked for revenue. Jon revealed that in the last two years, he did $50,000 in sales on 10,000 users.
Sara Blakely questions Jon about his investment in the company. Jon replied he invested $20,000 and raised $700,000 for the business.
Mark Cuban saw potential in the concept. Mark made the audacious decision to offer $320,000 for 10% stock and 1% advisory shares. He thought that with the correct direction, Rewardstock may be successful.
Kevin O’Leary: Mark’s offer finally outbid Kevin’s $200,000 for 10%.
Barbara Corcoran, Lori Greiner, and Sara Blakely chose not to take part for personal reasons, each expressing a different worry about the product’s infancy or lack of suitability for their needs.
After ultimately accepting Mark Cuban’s offer, Jon left the stage with a promising collaboration.
Product Availability
From our RewardStock update research, RewardStock was created as a travel advisor app that maximizes reward points and frequent flyer miles to assist customers in organizing reasonably priced vacations. It had a special function that allowed users to enter their reward points and receive travel alternatives that made use of them.
Rewardstock stopped operating on its own after being acquired by Experian, and its website and social media pages are no longer functioning. Experian has not yet reintroduced Rewardstock under their own name, and it is currently not accessible for download or purchase.
Conclusion
Rewardstock’s Shark Tank journey showed the possibility of a travel app that maximizes. Mark Cuban was drawn to Jon’s creative idea and enthusiasm for reasonably priced travel, which resulted in a deal. Following their success on Shark Tank, Experian eventually gained Rewardstock in 2020.
The acquisition implies that Rewardstock’s technology may continue under Experian’s purview, potentially influencing future travel or incentive programs, even though the app is no longer accessible. Jon’s experience with Rewardstock is proof that a creative concept, perseverance, and a little Shark Tank help can cause remarkable expansion and ultimate success.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
