GiftCrowd simplifies gifting as a group for 124 million American families that participate in 10 group gifts on average a year through a one-stop-shop fee-free experience
Collecting money from many gift participants and deciding together what to purchase is a daunting task.
This leads to:
- Frustrated gift organizers
- Low participation rates
- Disappointed gift receivers - receiving gifts they don’t want
Solution (product or service)
An online one-stop shop group gifting platform that yields:
- 300% participation rate
- 90% less time and effort
- guaranteed gift recipient satisfaction
Business model
GiftCrowd earns 20% in average of every transaction. These 20% are comprised of:
8% Merchant discount from the respective of the gift selected by the recipient
8% Breakage - the amount that is never cashed out
4% Affiliate fees through promotions of brands and products (launched in Q1/23)
