When was Giftbit founded?

Giftbit was founded in 2011 and raised its 1st funding round 2 years after it was founded.

Where is Giftbit located?

Giftbit is headquartered in Victoria, Canada.

How many employees does Giftbit have?

As of Aug 31, 2026, the latest employee count at Giftbit is 25.

Is Giftbit a funded company?

Giftbit is a funded company, having raised a total of $3.24M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 02, 2013.

When was the latest funding round of Giftbit?

Giftbit's latest funding was a $***** Seed round on Feb 2016, with participation from 5 investors.

Where does Giftbit rank among its competitors?

Giftbit ranks 9th amongst 97 active competitors, of which 10 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Synerise, which secured $8.5M in Jul, 2024.

Who are the top competitors of Giftbit?

Giftbit's top competitors include Blackhawk Network, QwikCilver and Synerise. Among them, Synerise secured the most recent funding round in July, 2024.

Giftbit - 2026 Company Profile, Team, Funding & Competitors

Giftbit is a seed company based in Victoria (Canada), founded in 2011 by Leif Baradoy. It operates as a Third party gift card services. Giftbit has raised $3.24M in funding from Freestyle. The company has 97 active competitors, including 10 funded and 18 that have exited. Its top competitors include companies like Blackhawk Network, QwikCilver and Synerise.

Company Details

Giftbit, formerly known as Kiind, allows businesses to sell and redeem their gift cards without paying transaction charges or credit card fees. When a gift card offer is redeemed, merchants collect the revenue without the need to manage liability or breakage. If a gift card offer is not used, 50% of the unused funds are returned to the buyer.

Website: www.giftbit.com/
Social

Key Metrics

Founded Year

2011

Location

Victoria, Canada

Stage

Seed

Total Funding

$3.24M in 4 rounds

Latest Funding Round

Seed, Feb 2016, $*****

Investors

Freestyle & 13 more

Ranked

9^th among 97 active competitors

Employee Count

25 as on Aug 31, 2026

Similar Companies

Blackhawk Network & 103 more

View Giftbit's full profile

Giftbit has raised a total funding of $3.24M over 4 rounds. Its first funding round was on Nov 02, 2013. Its latest funding round was a Seed round on Feb 2016 for $*****. 5 investors participated in its latest round. Giftbit has 13 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Giftbit:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 2016	2023873	Seed	3667905	3953096	5534651	3286898
May 15, 2014	1593763	Seed	8385483	7876020	1764533	2725517
Dec 13, 2013	6428692	Angel	5133028	9038027	4655160	Full Stack

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View details of Giftbit's funding rounds and investors

The founders of Giftbit is Leif Baradoy.

Here are the details of Giftbit's key team members:

Leif Baradoy: CEO & Co-Founder of Giftbit.

Giftbit's Board of Directors

Giftbit's board has 2 active members. Gary Rubens and Leif Alexander Baradoy are independent board members.

Here is the list of Giftbit's board of directors:

Name	Type	Representing	Status	Duration
Gary Rubens	Independent board member	-	Current	3y 11m
uhknqvo	Independent board member	-	Current	4y 9m

View details of Giftbit's Founder profiles and Board Members

Giftbit's employee count trend

Giftbit has 25 employees as of Aug 26. Here is Giftbit's employee count trend over the years:

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Top competitors of Giftbit include Blackhawk Network, QwikCilver and Synerise. Here is the list of Top 10 competitors of Giftbit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Blackhawk Network 2001, Pleasanton (United States), Acquired	Provider of financial benefits prepaids cards for employees	$249K	ACE & Company, CPP Investments & 1 others	61/100
2nd	QwikCilver 2008, Bengaluru (India), Acquired	Provider of gift card and store value card-based solutions for businesses	$25.1M	Helion Venture Partners, Accel & 20 others	58/100
3rd	Synerise 2013, Krakow (Poland), Series B	AI based sales and marketing alignment and automation platform	$31.5M	Krajowy Fundusz Kapitalowy, Carpathian Partners ... & 15 others	56/100
4th	InComm 1992, Atlanta (United States), Late Stage	Prepaid products and payment service provider	-	Warburg Pincus, Ballast Point Ventures & 1 others	56/100
5th	Tango Card 2009, Seattle (United States), Acquired	Provider of digital reward and gift card incentive distribution software	$57M	Western Technology Investment, Floodgate & 6 others	54/100
6th	Runa 2009, London (United Kingdom), Acquired	Digital infrastructure to pay and get paid for consumers and businesses	$65.1M	Fuel Ventures, Ascension & 60 others	53/100
7th	Tillo 2015, Austin (United States), Seed	Employee rewarding platform	$1.12M	Passion Capital, Conviction & 4 others	50/100
8th	CashStar 2007, Portland (United States), Acquired	Digital Gifting & Incentives Company	$41M	FTV Capital, Allen & Company & 6 others	46/100
9th	Giftbit 2011, Victoria (Canada), Seed	Third party gift card services	$3.24M	Conconi Growth Partners, Acequia Capital ... & 12 others	46/100
10th	Instagift 2001, Birmingham (United States), Seed	Provides Digital Gift Cards for businesses	$120K	Techstars, Founders' Co-op	44/100