Giftango Closes over $5M in Series B Financing
Published On October 7, 2010 |
Giftango Corporation, a Portland, OR-based digital virtual gift card company, has closed over $5m in Series B financing.
The round was led by Taylor Corporation, with participation from Series A Investors.
Giftango will use the capital to continue to scale its services to expand into the digital eGift card market.
In conjunction with the funding, Glen Taylor, CEO of Taylor Corporation, will join Giftango’s board of directors.
Giftango provides merchants, resellers and mobile developers with platforms for their eGift card programs. Through the company’s solution, which is based on a patent pending technology, mercants can manage channel sales, offer promotions and track deliverability and statistics. Channel partners can manage sales and distribute across a variety of stored value processors and merchants. It is integrated with ten gift card processors.
Customers include national brand merchants such as Cabela’s, JCPenney, Lowe’s®, Nike and Zappos.com.