{"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
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
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
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
\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
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":"
Quick Take: Raise, a PayPal-backed leader in digital gift cards and loyalty programs, has secured an impressive $63 million funding round led […]<\/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":"\n