With gift cards continuing to soar in popularity, a Woodland-based startup aims to bring their convenience to small businesses while cutting down on plastic.
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Newchip launched its inaugural online accelerator program back in April 2019 with the mission of preparing its participants to launch, scale, and fund their startups. Founders in the inaugural cohort graduated at the end of June 2019 in Newchip’s Investor Startup Showcase, a multi-day, online event for participating startups in the Accelerator program to pitch their companies to prospective investors around the world.
It's fair to say that the writing is on the wall for physical gift cards. We don't expect to see them vanish in the immediate future, and sales are actually increasing right now, but in the long run they can't possibly compete with electronic gift cards.
The march of time is relentless, and while the gift card market is still in rude health it doesn’t take a prophet to see that electronic cards are the future. To millenials, carrying physical cards around is starting to look positively eccentric.
Hence DapIt. There are plenty of ways to send a virtual card, but DapIt takes the concept several steps further with a suite of tools designed to make life easier for merchants and customers alike.
The burgeoning popularity of e-Gift cards entices a lot of traditional retailers to offer gift certificates online. To connect with their customers, retailers join hands with popular gift card apps so that customers can buy, share, and redeem gift cards. But which app to collaborate with? Daplt is a better choice for business owners and individuals.
DapIt is one of the newer gift card management apps available for download on both Android and iOS platforms. It acts as a virtual wallet for all your gift cards and allows users to share, send or redeem the appropriate gift card on their favorite merchants.
Downloading the app is free. Inside, you will need to register via email and mobile number before you can start using it.
“When the user visits the business that they have a gift card to, they just say ‘can I DapIt?’ The business will tell them the total for the bill and the user can send a spend request for the actual or part of the total. The business gets an alert on their device to approve,” Torres explained.
Thank you to Google for Startups - Latino Founders Fund for awarding us $100K
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