The amount of the deal was not disclosed.
Led by CEO Peggy Mangot, SparkGift is a gifting and investing service that allows people to give stocks and index funds as gifts. It allows buyers to choose from 6000+ stocks and index funds and start giving for as low as $20.
Led by CEO Avi Lele, Stockpile provides investors with the opportunity to making buy, give, and own stock. Gift cards – available at retailers and online – can be redeemed for stock in their favorite companies. The company is backed by Y-Combinator, Ashton Kutcher, Mayfield, Scout Seed Fund, and Sequoia Capital.