About Giftbit
Giftbit is a company based in Victoria (Canada) founded in 2011. Giftbit has raised $3.25 million across 4 funding rounds from investors including Techstars, Freestyle VC and Third Kind Venture Capital. Giftbit offers products and services including Gift Card API and Reward Catalog. Giftbit operates in a competitive market with competitors including Tango Card, InComm, Blackhawk Network, Ackroo and Xoxoday, among others.
- Headquarter Victoria, Canada
-
Sectors
RetailTechnology
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$3.25 M (USD)
in 4 rounds
-
Latest Funding Round
$2.1 M (USD), Seed
Feb 01, 2016
-
Investors
Techstars
& 5 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Giftbit
Giftbit offers a comprehensive portfolio of products and services, including Gift Card API and Reward Catalog.
Enables customized management of gift cards and rewards for businesses.
Offers global selection of reward options for audience engagement.
People of Giftbit
Unlock access to complete
Leadership Team
2 people
Product Management Team
1 people
Sales and Marketing
1 people
CX Team
1 people
Unlock access to complete
Funding Insights of Giftbit
Giftbit has successfully raised a total of $3.25M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.1 million completed in February 2016. 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.
Investors in Giftbit
Giftbit has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Techstars, Freestyle VC and Third Kind Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Freestyle VC is engaged in seed funding for tech startups.
|
Locked | Locked | Locked | |
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Locked | Locked | Locked | |
|
Early-stage investments in finance and financial services are targeted.
|
Locked | Locked | Locked |
Investor details for Giftbit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Giftbit
Investment portfolio details for Giftbit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Giftbit
Detailed financials for Giftbit
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Giftbit Comparisons
Peer comparison for Giftbit
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Giftbit
Giftbit 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 Tango Card, InComm, Blackhawk Network, Ackroo and Xoxoday, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Digital gift cards are provided for enterprise incentive programs.
|
|
| Locked | Locked | Locked |
Prepaid products and payment services are provided globally.
|
|
| Locked | Locked | Locked |
Prepaid cards for employee financial benefits are provided.
|
|
| Locked | Locked | Locked |
SaaS-based gift card and loyalty programs are provided for businesses.
|
|
| Locked | Locked | Locked |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
|
|
| Locked | Locked | Locked |
Gift card and store value solutions are provided to businesses.
|
Detailed competitors of Giftbit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Giftbit
Complete news archive for Giftbit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Giftbit
Giftbit was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Giftbit is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.
Giftbit is a funded company, having raised a total of $3.25M across 4 funding rounds to date.
Giftbit was founded in 2011 in Victoria, Canada, and operates in the fintech sector focused on gift card management. Services enable businesses to sell and redeem digital gift cards, with revenue collected directly by merchants without handling liability or breakage. Transaction charges and credit card fees are avoided. For unused funds, 50 is returned to the original buyer, supporting streamlined operations in e-commerce and rewards programs.
Giftbit's top competitors include Tango Card, Xoxoday and QwikCilver.
Giftbit offers Gift Card API and Reward Catalog.
Giftbit has 6 investors. Key investors include Techstars, Freestyle VC, Third Kind Venture Capital, Acequia Capital, and Founders' Co-op.