CardCash.com is a New Jersey-based online secondary gift card marketplace led by CEO Elliot Bohm and COO Marc Ackerman. The company operates an online exchange that lets consumers convert unused and unwanted gift cards into cash. In May it acquired its largest competitor, Plastic Jungle. Since the acquisition it has entered strategic partnerships with CVS Pharmacy and United Airlines. The company secured financing to support its operations and inventory needs. The recent financing underscores a focus on scaling and managing gift card inventory. CardCash.com operates a secondary gift card exchange that allows consumers to buy, sell and trade unused gift cards. Recipients of gift cards can sell their cards on the exchange and get cash to pay rent or mortgage or buy basic necessities. Buyers can purchase discounted gift cards and save on average 10–15% at their favorite merchants. Led by CEO and co-founder Elliot Bohm and COO and co-founder Marc Ackerman, the company said it will use new funding to continue to enhance its exchange. The company is based in Brick, NJ. FinSMEs reported the funding on 08/11/2013.

Total raised

$12M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Dec 2014