Giftly Acquired by GiftCards.com

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Giftly, a startup that brings gift card-giving and receiving to the mobile platform, announced today that it has been acquired by GiftCards.com.

Giftly, which launched in 2011, allows users to send and receive gift cards using their mobile device without requiring point-of-sale integration on the merchant side.

The financial terms of the deal were not disclosed, but San Francisco-based Giftly will become a part of GiftCards.com while maintaining its offices in the Silicon Valley.

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Giftly had previously raised $2.8 million from Baseline Ventures, SoftTech VC, Floodgate, Thrive Capital, and TechStars co-founder David Tisch. Even though GiftCards.com has been in the industry since 1999, it is looking to raise its first round of capital this year, which it will use to accelerate its growth and complete the Giftly acquisition.

To learn more about Giftly, watch its FinovateSpring 2012 demo.

Finovate Alumni News– April 4, 2013

  • Finovate-F-Logo.jpgKabbage brings in $75 million in debt financing.
  • Finextra reports: eToro launches social alerts app.
  • PaymentEye features Virtual Piggy. Come see its live demo at FinovateSpring next month. http://bit.ly/Zaunjl
  • Business Solutions speaks with Jason Richelson, ShopKeep POS CEO, who debunks the myth that cloud POS fails when the internet shuts down. 
  • TechCrunch TV interviews Nick Hungerford, Nutmeg CEO on how he aims to disrupt the financial investment world.
  • Verity CU features FamZoo, makes it available to members. Come see FamZoo’s latest development at FinovateSpring.
  • Kashoo releases new version of iPad app.
  • Monitise Executive Vice President Lisa Stanton interviewed by Bdaily.
  • Jack Henry & Associates’s Symitar platform to be deployed by Kitsap Credit Union.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Giftly’s Gift Cards Make Gains in 2012

Thumbnail image for Thumbnail image for giftlyLogo.jpgInside a recent profile of Giftly were a handful of interesting metrics:

  • 10,000 Giftlys sold so far in 2012
  • $4 per Giftly collected on average (processing fees range from $1 to $10, based on price of gift)
  • Gross revenues for 2012 expected to be $100,000
  • “Tenfold” increase in sales according to CEO Timothy Bentley

Giftly provides customized gift cards that can be used at a wide variety of U.S. businesses.  The company has been widely reviewed this year, with mentions in Fast Company, TechCrunch, and CNet.

Giftly has raised $2.5 million through investors like Baseline Ventures, RPM Ventures, and LightSpeed Venture Partners. They have formed partnerships with BancBox and CBW Bank, among others.

Watch Giftly’s most recent product demo from FinovateSpring 2012 here.

Finovate Alumni News– December 21, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCompare Broker reviews the new mobile app from TradeKing.
  • MyBankTracker reviews how BillGuard protects from unwanted charges.
  • San Francisco Business Times reports: Giftly lets givers put ‘heart’ into gift cards.
  • Capital Access Network relocates Headquarters to NYC, adds Scott Blum as CMO.
  • Fiserv partners with TOPS Software to improve payment processing for property managers.
  • The Washington Post looks at SoMoLend’s community-focused lending.
  • Forbes names Lending Club one of the top five fintech companies of 2012.
  • Chicago donut chain “Glazed and Infused” now using ShopKeep POS software.
  • Wired.co.uk names Holvi startup of the week.
  • Credit Sesame unveils free credit monitoring service.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– December 17, 2012

  • FiservThumbnail image for Thumbnail image for Finovate-F-Logo.jpg launches mobile app for UChoose Rewards.
  • Affinity Solutions brings “Big Data” capability to card-linked offers.
  • StockTwits launches a new app for HootSuite.
  • Business Insider looks at Expensify’s team building trip overseas.
  • HelloWallet launches financial wellness workforce assessment for employers.
  • Des Moines Register considers Giftly’s remote gift card giving app.
  • American Banker reports Lawrence Summers, formerly one of President Obama’s top economic advisors, joins Lending Club’s board of directors.
  • Tyfone is expanding into Latin America through a deal with Protege Sistemas of Brazil.
  • Gesa Credit Union chooses Andera’s oFlows platform.
  • Reuters recommends visiting Betterment, Personal Capital, and LearnVest for year-end money advice.
  • Bill.com launches new application platform powered by open APIs for third-party developers to integrate native apps with Bill.com’s software.
  • New miiCard DirectID Check allows SMBs & professionals to perform bank-level ID proofing online.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– November 27, 2012

  • Interactive Investor purchases DCisions, closes InvestorBee service.

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  • Finextra reports Rabobank Australia and NZ selects ThreatMetrix to secure online channels.
  • InComm & SkyMall Ventures partner to launch electronic gift card program.
  • Opus Research report recognises ValidSoft as leader in voice biometrics.
  • AloStar Bank of Commerce chooses Andera’s oFlows for online account opening.
  • TIO adds mobile bill pay app to its suite of services for El Paso Electric.
  • Radian Mortgage Insurance now available through Mortgagebot’s loan origination system.
  • E-invoicing Platform features AcceptEmail.
  • Xconomy examines how Giftly will disrupt traditional gift card market.
  • Luup signs partnership with Arab Link, provider of money transfer and exchange services in Abu Dhabi.
  • Personal Capital launches Android app.
  • Crunched lists On Deck in top 25 startups to work for.
  • TechCrunch reports Holvi Plans To Disrupt Traditional Bank Accounts With Simple But Powerful Services.
  • Citi Innovation Lab and SapientNitro honored at National Infocomm Awards in Singapore for next-generation banking experience.
  • ActivePath merges with PowerInbox.
  • Experian expands debt-collection product suite with TrueTrace.
  • DeviceFidelity launches moneto prepaid MasterCard.
  • BlinkMobile announces five more councils to adopt BlinkForms.
  • Klarna earns 2012 Entrepreneur of the Year award from European Tech Tour Association.
  • Money Smart Life reviews Betterment and Kapitall.
  • American Banker reports Betterment deepens finance advice features.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– October 17, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBazaarvoice unveils newest edition of its Bazaarvoice Connections offering.
  • Yodlee Interactive doubles annual growth in its API business.
  • Filene conducts independent review of SaveUp program.
  • GigaOM reports PayPal offers small businesses simple Bill Me Later financing option.
  • Taulia teams with SAP HANA & Amazon Web Services.
  • Equifax introduces EFX Link, advanced customer data integration solution that gives a 360-degree view of customers.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– September 27, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgZipZap to power global cash payments for omba.
  • Forbes mentions Credit Sesame, Tuition.io, PayTap, Digital Mailer as 4 tools to help you manage your money.
  • Capital Access Network closes $295 mil credit that to serve the small business community.
  • PYMNTS chats with Kabbage’s co-founder & chief operating officer, Kathryn Petralia.
  • GambleID taps Locaid for geolocation services.
  • PC World features Yodlee, ShopKeep POS, Bolstr, PaySimple, CommunityLend, & Billhighway.
  • CU Times reports Mortgagebot Launches First Credit Union on Integrated Platform.
  • SafetyPay, in conjunction with the Bank of Montreal, the RBC, TD Bank & Scotia Bank, offers online payment service via Canadian Interac network.
  • Fiserv selected as Affinity Provider in FPA Practitioner Resource Guide.
  • Currensee delivers PAMM Replacement Solution for CTAs and Money Managers.
  • Netbanker: BillGuard is first financial service to Integrate with the New iPhone Passbook Wallet.
  • Compass Plus partners with WorldWide Financial Services.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– September 7, 2012

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  • Fox Business News interviews Personal Capital CEO, Bill Harris, on 401(k) fees.
  • ShopKeep POS launches new iPhone app to give merchants better, faster access to real-time sales data. Come check out ShopKeep at FinovateFall next week.
  • Forbes considers: Why Intuit Is More Innovative Than Your Company.
  • TechCrunch reviews Giftly’s new app.
  • FreeMonee wins Direct Marketing Association 2012 Innovation Award.
  • Kiboo announces 3 key partnerships with First California Bank, FIS and MasterCard.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– July 25, 2012

  • Fiserv launches mobile app for debit and credit card rewards program.
  • Investment News features FutureAdvisor.
  • TIO Networks signs deal with MAPCO Express to deploy bill pay kiosks across Tennessee.
  • Wipit enables e-commerce websites to accept cash payments.
  • ActivePath’s ActiveMail reaches major milestone with 500,000 downloads.
  • SaveUp raises $5 million, voices usage stats.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.