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CardCash.com

CardCash.com

Company

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cardcash.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Gift card
Gift card
E-commerce
E-commerce
Currency exchange
Currency exchange
Financial technology
Financial technology
Technology
Technology
Finance
Finance
Location
New Jersey
New Jersey
AngelList URL
angel.co/cardcash-com
Number of Employees (Ranges)
51 – 200
Phone Number
+18002274214
Full Address
990 Cedar Bridge Ave, Brick, New Jersey 08723, US
Investors
‌
Bay Partners
Shasta Ventures
Shasta Ventures
Guggenheim Partners
Guggenheim Partners
Redpoint Ventures
Redpoint Ventures
Citi Ventures
Citi Ventures
Western Technology Investment
Western Technology Investment
Founded Date
2008
Total Funding Amount (USD)
29,400,000
Latest Funding Round Date
November 7, 2013
Latest Funding Type
Series C
Series C
Wellfound ID
cardcash-com

Other attributes

Company Operating Status
Active
Public/Private
Private

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.

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Funding Rounds

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SBIR/STTR Awards

Patents

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