Giftbit

digital cards

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 17/07/2020

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About

Giftbit is a rewards platform that lets you buy, send and control digital gift cards. Unlike other solutions where you have no visibility into whether the cards are ever claimed, Giftbit provides reporting on the status of every gift card. With Giftbit you get a complete management platform. And you only pay for gift cards people use. High-growth companies use Giftbit to get new users, drive more sales and gain insights on growth.

MEDICI Analysis

Giftbit, formerly known as Kiind, allows businesses to sell and redeem their gift cards without paying transaction charges or credit card fees. Giftbit delivers fully-branded, trackable digital gift cards that allow users to send incentives and rewards by email or by a unique link to a recipient.

Focus

PRODUCTS & SERVICES

Gift card marketplace. The platform makes digital gift cards more cost-effective, simple, and smart.

REVENUE MODEL

It collects a small fee by retailers to sell their digital gift cards.

MAIN CLIENTS

TrustRadius

Agero

FleetWit

EXISTING PARTNERSHIPS

Partnered with retailers such as Amazon

Ebay

Itunes

Walmart

Lowe's

Target

Best buy

The home depot and many more.

COMMENT

Easily send rewards and incentives as an automatic part of system's workflow using the RESTful API.

Traction

VALUATION / MARKET CAP:

$5.57 M in 2016

Momentum

FUNDED

NO

TOTAL FUNDING

$2.1 M

DATE OF LAST FUNDING

Feb 2016

TOTAL FUNDING COMMENT

Convertible note:$.18 M

SEED & PRIOR FUNDING

$2.1 M

SEED CLOSED ON

Feb 2016

LISTED

NO

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