About CardCash
CardCash is a company based in Brick Township (United States) founded in 2008 was acquired by RDE in August 2023.. CardCash has raised $6 million across 2 funding rounds from investors including Guggenheim Partners, Sterling National Bank and Giftify, Inc.. CardCash has completed 1 acquisition, including Plastic Jungle. CardCash operates in a competitive market with competitors including Raise, Plastic Jungle, Gift Card Granny, Giftcard Zen and My Prepaid Center, among others.
- Headquarter Brick Township, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Debt – Conventional
Dec 15, 2014
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Investors
Guggenheim Partners
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
RDE
(Aug 23, 2023)
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Funding Insights of CardCash
CardCash has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6 million completed in December 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $6.0M
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First Round
First Round
(08 Nov 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Debt – Conventional - CardCash | Valuation |
investors |
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| Nov, 2013 | Amount | Series A - CardCash | Valuation | Guggenheim Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CardCash
CardCash has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Guggenheim Partners, Sterling National Bank and Giftify, Inc.. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial bank
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Founded Year | Domain | Location | |
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Asset management and investment advisory services are provided to clients.
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Founded Year | Domain | Location | |
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Giftify, Inc. is operated as a diversified holding company focused on digital deals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CardCash
CardCash has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Plastic Jungle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Gift card exchange platform
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - CardCash
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cardcash Comparisons
Competitors of CardCash
CardCash operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Raise, Plastic Jungle, Gift Card Granny, Giftcard Zen and My Prepaid Center, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
No detailed company activity is described on the site.
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| domain | founded_year | HQ Location |
Gift card exchange platform
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| domain | founded_year | HQ Location |
Online and app based platform to buy & sell gift cards
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| domain | founded_year | HQ Location |
Gift card marketplace
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| domain | founded_year | HQ Location |
Provides a platform for customized prepaid gift card solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cardcash
Frequently Asked Questions about CardCash
When was CardCash founded?
CardCash was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is CardCash located?
CardCash is headquartered in Brick Township, United States. It is registered at Brick Township, New Jersey, United States.
Is CardCash a funded company?
CardCash is a funded company, having raised a total of $6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Nov 08, 2013.
What does CardCash do?
CardCash.com is an online gift card exchange allowing consumers to buy and sell discounted gift cards to restaurants, department stores and more all at discounts up to 35 off. Sellers receive cash, or Amazon or PayPal credit in exchange for their gift cards upto 92 of cards price. CardCash has been profitable since its inception and has been growing by close to 300 each year. The platform says it has made its users 6M worths yearly savings and sold 120M worth of gift cards till date. Company has made 56M worth revenue as is 14 in Forbess Americas Most Promising Companies for 2014. Raised 6 million in debt financing from Sterling National Bank in Dec 2014.
Who are the top competitors of CardCash?
CardCash's top competitors include Raise, Plastic Jungle and Gift Card Granny.
How many acquisitions has CardCash made?
CardCash has made 1 acquisition, including Plastic Jungle.
Who are CardCash's investors?
CardCash has 3 investors. Key investors include Guggenheim Partners, Sterling National Bank, and Giftify, Inc..
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