Post Tagged with: "Giftly"

Giftly Says It Has Overcome ‘Technical Limitations’

Giftly Says It Has Overcome ‘Technical Limitations’

by February 11, 2014 at 9:32 am 0 comments

Giftly, the “next generation” gift card startup, has reportedly surmounted “technical limitations” to allow for a richer customer experience, “without merchant-sided encumbrances.” Giftly made the disclosure today in a vague note to investors. (Disclosure: Bank Innovation is an investor.) Specifically, Giftly wrote: This tech will allow us to apply theRead More

Deal for Giftcards.com to Acquire Giftly Falls Apart

Deal for Giftcards.com to Acquire Giftly Falls Apart

by November 15, 2013 at 9:29 am 0 comments

The acquisition of Giftly by GiftCards.com is not going to happen after all. Yesterday, Kelly Barnett, chief executive of Giftly, told investors that GiftCards would not buy Giftly, but rather make a $1.5 million investment in the company over the next two years. The investment will come to Giftly in monthly installments.Read More

Bank Innovation’s First Investment — in Giftly — Scores as the Startup Finds a Buyer

Bank Innovation’s First Investment — in Giftly — Scores as the Startup Finds a Buyer

by May 23, 2013 at 10:59 am 3 comments

Barely a month ago, Bank Innovation began investing in FinTech startups. Yesterday, our first investment, in Giftly, exited in a sale to GiftCards.com. We didn’t even have a chance to announce that we made the investment before  CEO Tim Bentley and company sold out to GiftCards for an undisclosed price.Read More