Former eBay, Visa Execs Launch FreeMonee with $11M
A group of banking and e-commerce veterans have launched FreeMonee with $11 million from investors including Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group. FreeMonee, based in San Mateo, Calif., has developed technology enabling enables merchants to give “gifts” directly to individual credit and debit cardholders through participating financial institutions. The FreeMonee gifts act as cash incentives that function like a gift card on an individual’s debit or credit card.
11 May 2011•5 mins read
