3 years ago

WeGift Raises $26 Million in Series B Funding to Expand Digital Currency Network

  • WeGift, a London-based digital payouts company, has secured $26 million in Series B funding led by Element Ventures, Clocktower Ventures, and Volution Capital

  • The investment will be used to expand the company's digital currency network, support growth in North America, make key hires, and add new features and functionality

  • WeGift enables companies to disburse funds to their customers for rewards, refunds, rebates, remittances, and more

  • The company has surpassed 120 employees and added over 100 new brands to its network in 2022, including Airbnb, Nike, Instacart, Dunkin', Aldi, Mint Mobile, WishList, ThanksBen, and Xoxoday.

      • ProblemFinancial Services

      "Businesses struggle to send money to people in a convenient and cost-effective way, especially for rewards, refunds, rebates, and remittances."

      Solution

      "WeGift provides a digital currency network that allows businesses to instantly send money to individuals through a wide range of merchants and brands, offering a more flexible and accessible alternative to traditional payment methods."

      Covered on