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Giftify, Inc.鈥檚 CardCash Announces 57% Year-Over-Year Growth in Face Value of Gift Cards Sold from Black Friday Through Cyber Monday

SCHAUMBURG, IL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the 鈥淐ompany鈥�), the owner and operator of leading digital platforms, CardCash.com and Restaurant.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce robust sales growth of approximately 57% for the recent shopping holiday of Black Friday through Cyber Monday.

This growth resulted in $3.1 million in face value of gift cards sold and was comprised of 8,825 orders with an average order size of $347.

CardCash has sold over 1 million gift cards year-to-date aggregating nearly $125 million in total face value.

Top ranked brands sold:

• Home Depot #1
• Walmart #2
• Kohl鈥檚 #3
• Best Buy #4

Mobile activity up to 62% of all gift card transactions.

Ketan Thakker, Chief Executive Officer of Giftify, Inc., commented, 鈥淎s we approach our one year anniversary of owning CardCash, we have strengthened the platform and have improved efficiencies. We are extremely pleased with these results and believe this is just the tip of the iceberg, as our team has a multi-prong strategy to accelerate growth in 2025. Going forward we are focused on driving revenue growth by increasing the number of retailers, registered users, active users and transactions on our platforms.鈥�

About Giftify, Inc.

Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation鈥檚 largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks.

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