WeGift Secures $26 Million in Series B Funding
WeGift, a rapidly growing digital payouts company based in London, UK, has successfully raised an impressive $26 million in a Series B funding round. This significant financial injection was led by prominent investors including Element Ventures, Clocktower Ventures, and Volution Capital, with additional participation from CommerzVentures, AlbionVC, and SAP. The funding will be pivotal for WeGift as it aims to enhance its operations, particularly through the expansion of its digital currency network, support the growth into new geographical markets, especially focusing on North America, and make crucial hires that will aid in its continued development.
Under the leadership of Aron Alexander, the CEO and founder of WeGift, the company has carved out a unique niche by enabling a wide array of businesses to disburse funds seamlessly to their customers.
These disbursements can take the form of rewards, refunds, rebates, remittances, and more, showcasing the versatility of WeGift's offering. The company's innovative network connects merchants, individuals, and organizations, facilitating the instant transfer of digital currencies. This capability not only enhances customer experience but also streamlines financial transactions for businesses.
As of October 2022, WeGift has surpassed 120 employees and has reported significant growth, including the addition of over 100 brands to its network. Some notable brands that have joined the WeGift platform include industry giants like AirBnB, Nike, Instacart, Dunkin', and Aldi, among others. Furthermore, new customer acquisitions such as Mint Mobile, WishList, ThanksBen, and Xoxoday highlight the company's expanding influence and reach in the digital payouts landscape. With its ongoing commitment to innovation and expansion, WeGift is well-positioned to capitalize on the burgeoning demand for digital financial solutions.
They've invested in WeGift
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Element Ventures | 1 investment(s) investment(s) | more info | |||
2 |  Clocktower Ventures | 3 investment(s) investment(s) | 9 contacts contacts | |||
3 |  Volution Capital | investment(s) investment(s) | 6 contacts contacts | |||
4 |  CommerzVentures | 2 investment(s) investment(s) | 14 contacts contacts | |||
5 |  AlbionVC | 16 investment(s) investment(s) | more info |
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