{"id":3067,"date":"2025-03-05T07:07:48","date_gmt":"2025-03-05T07:07:48","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=3067"},"modified":"2025-03-05T07:07:50","modified_gmt":"2025-03-05T07:07:50","slug":"paypal-supported-funding-secures-63m-to-grow-blockchain-powered-gift-card-platform","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/paypal-supported-funding-secures-63m-to-grow-blockchain-powered-gift-card-platform\/","title":{"rendered":"PayPal-Supported Funding Secures $63M to Grow Blockchain-Powered Gift Card Platform"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Quick Take:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Raise secured $63 million in a funding round led by Haun Ventures, building on previous investments from PayPal, Accel, and New Enterprise Associates.<\/li>\n\n\n\n<li>The company aims to grow its blockchain-powered &#8220;Smart Cards&#8221; initiative, expanding its reach and capabilities.<\/li>\n\n\n\n<li>Additionally, Raise has introduced a new Board of Directors, featuring former executives from Kraken, Honey, and GrubHub.<\/li>\n<\/ul>\n\n\n\n<p>Raise, a PayPal-backed leader in digital gift cards and loyalty programs, has secured an impressive $63 million funding round led by Haun Ventures, bringing its total funding to over $220 million.<\/p>\n\n\n\n<p>The round saw participation from top-tier investors, including Amber Group, Anagram, and GSR, underscoring strong confidence in Raise\u2019s vision. With this fresh capital, the Chicago-based company is accelerating the development of its blockchain-powered Smart Cards and expanding the Retail Alliance Foundation, a nonprofit dedicated to modernizing and securing the global gift card ecosystem.<\/p>\n\n\n\n<p>Raise is transforming gift cards into a \u201cfully programmable retail currency\u201d that enhances brand loyalty. \u201cThis isn\u2019t just a response to market trends\u2014it\u2019s the culmination of years of investment, research, and infrastructure-building to bring a fully on-chain, programmable retail currency to life,\u201d said founder and CEO George Bousis in a statement to CoinDesk.<\/p>\n\n\n\n<p>\u201cThe crypto industry needs real utility now more than ever. Investors are demanding substance over speculation, and consumers are tired of empty promises,\u201d Bousis added. \u201cWe\u2019ve spent over a decade proving how blockchain can drive real-world change in the multi-trillion-dollar gift card industry.\u201d<\/p>\n\n\n\n<p>Alongside the funding announcement, Raise introduced its powerhouse board of directors, featuring fintech and crypto heavyweights: Marco Santori, former CLO of Kraken; George Ruan, co-founder of Honey; Matt Maloney, founder of GrubHub; and Bjorn Wagner, CEO of Parity Technologies. Their collective expertise in fintech, crypto, and e-commerce positions Raise for even greater impact in reshaping the future of digital payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take: Raise, a PayPal-backed leader in digital gift cards and loyalty programs, has secured an impressive $63 million funding round led [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,25],"tags":[],"class_list":["post-3067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal-Supported Funding Secures $63M to Grow Blockchain-Powered Gift Card Platform - Crypto Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptofunding.vc\/paypal-supported-funding-secures-63m-to-grow-blockchain-powered-gift-card-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal-Supported Funding Secures $63M to Grow Blockchain-Powered Gift Card Platform - 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