Digital wallet & fractional gift card technology app – DapIt – Continues expansion of platform for small businesses with a 2.5 Million capital commitment in Series A round.
DapIt, a Northern California based company, is the first consumer and business based app to help small businesses market their gift cards on social media. Businesses of all sizes, can customize their very own digital gift card. In Q2 2021, DapIt will be launching its new features for small businesses such as: DapIt Pay - payment feature allows for you to pay instantly, and DapIt Store Feature – sell your products and get paid instantly.
DapIt was formed in 2019 by husband and wife team, Cesar and Pauline Torres, with the mission to provide the necessary tools to promote local businesses, that was once available only to the larger companies. Being small business owners themselves, Mr. and Mrs. Torres are passionate about helping other small business owners as well as bringing consumers the power to transact with them. The unused gift card industry is a *($20 billion dollar) a year industry and empowering users to use this currency on a technology platform creates a new revenue vertical most business owners capture at very low rates historically. Coupled with the COVID-19 pandemic, the ability to tap into this revenue is critical to small businesses everywhere.
“We believed that as small business owners we should all work together to help one another achieve success, and are grateful that so many small businesses are now part of DapIt. Our app offers contact-less payments, weekly reporting, a business profile, and one-touch directions. Now we’re looking forward to providing our clients with several new features that can expand their business potential. When we launched we were amazed; we thought this was going to be a gift card business, but we quickly realized we were in the digital wallet industry just as much as we were in any other component of our business.” Cesar Torres, DapIt Co-Founder.
To learn more about DapIt or information about DapIt’s new platforms, please contact Cesar Torres at 530.723.5244 or email info@dapitapp.com
With DapIt digital, it’s easy to shop and share a great time with friends. From birthdays to anniversaries, to date night or boys/ girls night out. DapIt makes transactions contactless, digital, convenient, and hassle-free.
Reference list:
*Bankrate.com (Feb. 18th 2020) By Claire Dickey. Available at https://www.bankrate.com/finance/credit-cards/gift-cards-survey/.

