{"id":248,"date":"2014-07-31T15:40:24","date_gmt":"2014-07-31T15:40:24","guid":{"rendered":"https:\/\/www.cardcash.com\/blog\/?p=248"},"modified":"2018-04-10T18:18:31","modified_gmt":"2018-04-10T18:18:31","slug":"cardcash-com-completes-acquisition-plastic-jungle","status":"publish","type":"post","link":"https:\/\/www.cardcash.com\/blog\/cardcash-com-completes-acquisition-plastic-jungle\/","title":{"rendered":"CardCash.com Completes Acquisition of Plastic Jungle"},"content":{"rendered":"<p>CardCash.com, the world&#8217;s largest independent <a href=\"https:\/\/www.cardcash.com\/\" target=\"_blank\" rel=\"noopener\">secondary gift card marketplace<\/a>,\u00a0announced that it has acquired the assets of Plastic Jungle, formerly a San Mateo, Calif.-based company that was backed by more than $25 million in venture capital. As part of the deal, CardCash.com will acquire Plastic Jungle\u2019s technology infrastructure, business partnerships and domain name, PlasticJungle.com.<\/p>\n<p>\u201cPlastic Jungle was an industry pioneer,&#8221; said CardCash.com CEO Elliot Bohm. &#8220;They developed world-class technology and did invaluable work educating consumers about the hidden value of their gift cards.&#8221;<\/p>\n<p>&#8220;We&#8217;re ecstatic to be able to use their expertise to help even moreAmericans unlock value from their <a href=\"https:\/\/www.cardcash.com\/\" target=\"_blank\" rel=\"noopener\">unwanted gift cards<\/a>.&#8221;<\/p>\n<p>As a leader in the secondary gift card market, CardCash.com has experienced explosive growth in recent years. The company generated sales of $56 million in 2013, compared with just $16 million in 2012.<\/p>\n<p>Annual gift card sales exceeded $113 billion in the United States in 2013, with nearly 10% of those cards going unspent. CardCash.com provides a simple and secure online exchange that helps consumers convert their unused cards into cash for as much as 97% of face value. Those in the market for gift cards, meanwhile, can buy gift cards to top national brands at a discount as high as 40%.<\/p>\n<p><strong>CardCash.com<\/strong><\/p>\n<p>Founded in 2008, CardCash.com offers the country\u2019s largest and most secure selection of discounted gift cards online. The company was ranked #14 out of 100 on\u00a0<em>Forbes<\/em>\u2019 list of America\u2019s Most Promising Companies for 2014. For two years running, <em>Inc. <\/em>magazine has included the company on its prestigious Inc. 500 list of the fastest growing private companies in America. CardCash.com raised $6 million in equity funding from <a href=\"http:\/\/guggenheimpartners.com\/\" target=\"_blank\" rel=\"noopener\">Guggenheim Partners <\/a>in November 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CardCash.com, the world&#8217;s largest independent secondary gift card marketplace,\u00a0announced that it has acquired the assets of Plastic Jungle, formerly a San Mateo, Calif.-based company that was backed by more than $25 million in venture capital. As part of the deal, CardCash.com will acquire Plastic Jungle\u2019s technology infrastructure, business partnerships and domain name, PlasticJungle.com. \u201cPlastic Jungle<a href=\"https:\/\/www.cardcash.com\/blog\/cardcash-com-completes-acquisition-plastic-jungle\/\" class=\"more_link more_link_dots\"> &hellip; <\/a><\/p>\n","protected":false},"author":1,"featured_media":354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,9],"tags":[],"class_list":["post-248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-awards","category-cardcash-com"],"_links":{"self":[{"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/posts\/248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/comments?post=248"}],"version-history":[{"count":3,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/posts\/248\/revisions"}],"predecessor-version":[{"id":3039,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/posts\/248\/revisions\/3039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/media\/354"}],"wp:attachment":[{"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/media?parent=248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/categories?post=248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cardcash.com\/blog\/wp-json\/wp\/v2\/tags?post=248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}