News from the Wire

Buyatab raises capital for digital gift card platform

Monday, July 27, 2015 — 11:54:19 (EDT)

Vancouver, B.C., July 27, 2015 -- Buyatab Online Inc., a leading international provider of digital gift card solutions (“eGift Cards”), announced today the completion of a funding round raising significant expansion capital. Privately held Buyatab will principally use the proceeds raised to accelerate sales and marketing of its industry-leading digital gift card platform in the U.S. and to further its operations in international markets.

Since its first significant venture funding in March 2011, Buyatab has advanced its digital gifting platform to create an industry leading gifting experience, both for the purchaser and the recipient. Buyatab’s leading edge digital gifting and incentive capabilities bring digital life to traditional B2C and B2B gift card programs and create numerous opportunities for integrated marketing solutions.

“The gifting landscape continues to shift to a digital focus creating significant opportunity where stored value meets mobile commerce.” said Johann Tergesen, Buyatab’s CEO, adding, “Additional expansion capital supports our push into the U.S. marketplace and also supports continued innovation. Our focus on continuous innovation has put us at the forefront of the digital gifting revolution.”

“With our amazing merchant partners and world-class team, we continue to experience phenomenal growth and we are excited to add this additional fuel to the fire.”, said Matias Marquez, Chief Operating Officer and founder of Buyatab.

Buyatab representatives will be in attendance at the Incentive Marketing Association Summit, July 26 – 28, 2015 in Nashville, Tennessee.

Company information

Buyatab

Buyatab is a leading provider of advanced eGift card infrastructure solutions for medium and large-sized businesses. Buyatab provides a seamless solution for eGift cards to be purchased from a merchant’s online properties (website, mobile site, Facebook page etc.) and delivered to recipients via email or text message, leveraging the rapid growth in mobile device and social media usage and with full compatibility to mobile wallets like Apple’s Passbook. With clients in the United States, Canada, and Asia, Buyatab provides eGift card services to merchants in a wide variety of sectors including retail, hospitality, restaurant, shopping, hotels and others. www.buyatab.com .

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Source: Company press release.