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CardCash.com

CardCash.com

Company

CardCash.com is a company that was founded in 2009 by two childhood friends, Elliot Bohm and Marc Ackerman, who were seeking for a way to get rid of their unwanted gift cards into much needed cash. Elliot Bohm and Marc Ackerman started the web’s first secondary gift card market for unused gift cards.

Since the company's inception, it has grown from turning $100,000 in unwanted gift cards into cash, to where in 2014 the company bought over $100 million in gift cards, and then sold these gift cards to customers who save as much as 35% at their favorite stores.

In November 2013, CardCash.com raised $6 million in Series A funding from Guggenheim Partners, a well known global financial service company with more than $200 billion in assets under management and in 2014 CardCash raised $6 million in debt funding from Sterling National Bank, a subsidiary of Sterling Bancorp.

CardCash.com was recognized by Forbes in 2013 and 2014 as one of America’s Most Promising Companies, and by Inc Magazine in 2012, 2013 and 2014 as one of the Fastest growing Companies in America.

Timeline

November 7, 2013
CardCash.com raises a $6,000,000 series A round from Guggenheim Partners.
November 18, 2010
CardCash.com raises a $10,000,000 series C round from Bay Partners, First Round Capital, Redpoint Ventures and Shasta Ventures.
March 18, 2010
CardCash.com raises a $7,400,000 series B round from Bay Partners, First Round Capital, Redpoint Ventures and Shasta Ventures.
January 1, 2009
CardCash.com raises a $6,000,000 series A round from Bay Partners, First Round Capital, Shasta Ventures and Western Technology Investment.

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