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 LeeCo-Founder
Harvard University Class of 2011; Risk Analyst @ Hedge Fund
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Grant GolinCo-founder
Professional Entrepreneur
Advisors
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HanLawyerUnconfirmedHanAccountantUnconfirmed
Previous Investors
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Family & FriendsUnconfirmed
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