Startup launch service LaunchRock just announced that it has acquired Giftiki, a startup that allows friends to pool their money to buy more valuable gifts.
The financial terms aren’t being disclosed, but LaunchRock co-founder and CEO Jameson Detweiler tells me that the Giftiki service will be shut down. Judging from the tongue-in-cheek press release, this sounds like a classic acqui-hire, with… → Read More
Collaborative gifting startup Giftiki is launching its first mobile presence with a new iPhone App. Giftiki lets users send small amounts of money as gifts, allowing recipients join a pool in order to give their friends the perfect gift. And Giftiki leverages social ties and game mechanics to get users to contribute to the gifting process and add more money to the pool.
Giftiki users can sign… → Read More
Friendfund, the group payments startup that lets friends club together to make a purchase, has announced an undisclosed round of funding from a group on Angel investors described as, well, friends (I’m not making this up). The investment was led by Bjoern von Siemens in partnership with Linden VC.
However, cheesy PR aside, Friendfund is operating in an increasingly crowded and hot space right… → Read More
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