Posted In:

Financing, Gift Cards


Raise Nabs $60 Million From PayPal, Accel To Change The Way You Shop

Published:

Sep 19, 2017


Source:

Forbes

Posted In:

Financing, Gift Cards

Published:

Sep 19, 2017


Source:

Forbes


Share:

Chicago based online gift card marketplace Raise, who acquired portfolio company Slide, has secured $50m in Series C funding led by Accel Partners. Raise lets consumers buy and sell gift cards online.

Raise has taken advantage of the explosive gift card industry by offering consumers an easy way to dump unwanted gift cards and buy better ones at a discount. Since launching in 2013, the company says it has helped millions of users to save $140 million. Raise takes a 12% cut of each gift card sale.

Now it's focusing on building out a mobile wallet for gift cards, wherein shoppers can purchase cards from 3,000 retailers via the app and then pay for purchases online or at the cash register.

We're trying to change consumer behavior to think of Raise before they purchase anything.

George Bousis, Founder and CEO - Raise


Share:

The views expressed here are those of the individual FinTech Collective LLC (together with its affiliates “FTC”) personnel quoted and are not the views of FTC or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by FTC. While taken from sources believed to be reliable, FTC has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; FTC has not reviewed such advertisements and does not endorse any advertising content contained therein.

Any designations found herein have been made by a third party, and although FTC has no reason to believe that such designations, or the criteria for being considered for such designations, are inaccurate or misleading, FTC does not guarantee its accuracy, and such designations may be incomplete or condensed. No compensation was paid in exchange for any designations, endorsements, or testimonials found herein. The hyperlinks referred to herein are provided for your reference only.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. This content does not constitute an offering or form part of any offering or any solicitation of any offer to subscribe to or purchase any investment by FTC, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with any contract therefore. Any such offer will be made only by means of definitive investment offering documents. The information included herein is subject to change without notice to any recipient. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by FTC, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by FTC (excluding investments for which the issuer has not provided permission for FTC to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://www.fintech.io/portfolio and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://www.fintech.io/disclosures for additional important information.