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xencard

xencard will feature an interactive method to eliminate the $10 billion+ forfeited each year due to unused gift-cards

  • Stage Product In Development
  • Industry Retailing / Distribution
  • Location New York City, NY, USA
  • Currency USD
  • Founded October 2011
  • Employees 5
  • Website xencard.com

Company Summary

10% of a merchant’s annual gift card sales are lost to breakage, or unused gift cards, and that money is turned over to the State after a certain period of time. Xencard's goal is to significantly reduce gift-card breakage using our interactive method where consumers can convert the would-be breakage back into working capital, ultimately resulting in a positive reflection in all merchants’ revenues.

Team

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    Michael Lee
    Co-Founder

    Harvard University Class of 2011; Risk Analyst @ Hedge Fund

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    Grant Golin
    Co-founder

    Professional Entrepreneur

Advisors

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    Han
    Lawyer
    Unconfirmed
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    Han
    Accountant
    Unconfirmed

Previous Investors

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    Family & Friends
    Unconfirmed