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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.