Zeek

Zeek mobile UK Ltd
Private
Headquarters Tel Aviv, Israel
Area served
 Israel, United Kingdom
Services Store credit trading
Number of employees
 35
Website zeek.me

Zeek is an online gift card and voucher marketplace founded in 2013 and based in Tel Aviv, Israel.[1][2] The company allows consumers to buy cards and vouchers at discounted rates compared to their face value.[3][4] Zeek profits on commissions that are charged to sellers for each transaction.[5][6] In July 2016, Zeek had 35 employees.[2]

The company's operations involve consumers purchasing and selling store credits amongst one another, via the uploading of scans of credits and gift cards to the company's online platform.[5][7] The company's web site and mobile app are used by both buyers and sellers for voucher transactions.[8]

History

Zeek was established by Daniel Zelkind, Itay Erel, Ziv Isaiah[2] and Uri Levine as an investor.[9] The company originally started operating in Tel Aviv, Israel.[6][10] In September 2014, they extended their technologies and marketplace to include a desktop application in the United Kingdom.[11] Zeek commenced with operations in the UK in December 2014.[12] In December 2014, co-founder Daniel Zelkind stated that the mobile app had received 200,000 downloads.[13]

In May 2015 Zeek secured $3 million in series A funding from Blumberg Capital and Qualcomm.[14] In July 2016 the company managed to secure a $9.5 million successful round B funding led by Blumberg Capital and Qualcomm[6] in order to further expand the company's market presence in the UK market.[15]

See also

References

  1. ↑ Moules, Jonathan (April 26, 2015). "Uncashed vouchers hold key for MBA app". Financial Times.
  2. 1 2 3 Levy, Ruti (July 28, 2016). "TechNation: Zeek raises $9.5 million for store-voucher marketplace - Business". Haaretz. Retrieved October 3, 2016.
  3. ↑ Murray, Amelia (January 2, 2016). "Unwanted Christmas gifts? You can do better than eBay". The Telegraph. Retrieved October 20, 2016.
  4. ↑ Boyce, Lee (December 26, 2015). "Zeek app lets you sell unwanted gift cards for cash". This is Money. Retrieved October 3, 2016.
  5. 1 2 Shamah, David (August 21, 2014). "Stuck with a store credit? Zeek helps you get rid of it". The Times of Israel.
  6. 1 2 3 O'Hear, Steve (27 July 2016). "Zeek, a startup that lets you buy and sell unwanted gift vouchers, closes $9.5M Series B". TechCrunch.
  7. ↑ Jones, Rupert (November 14, 2015). "Overdraft or a 'money transfer'? How to ease the cost of Christmas". The Guardian. Retrieved October 3, 2016.
  8. ↑ Shapira, Ariel (2015-05-27). "Tech Talk: Israel is a Kickstarter superpower". The Jerusalem Post. Archived from the original on 2016-09-25. Retrieved 2016-09-25.
  9. ↑ קנייה ומכירה של זיכויים למותגים בהנחה - הכירו את Zeek
  10. ↑ Goldenberg, Roy (2014-03-19). "Zeek allows shoppers to trade credit vouchers". Globes. Archived from the original on 2016-09-25. Retrieved 2016-09-25.
  11. ↑ Tanenbaum, Gil (2014-12-29). "Voucher Trading Startup Zeek Moves Into UK Market". Jewish Business News. Archived from the original on 2015-08-04. Retrieved 2016-09-25.
  12. ↑ Chang, Lulu (July 27, 2016). "Growing startup Zeek helps you sell those unwanted gift cards". Digital Trends. Retrieved October 3, 2016.
  13. ↑ Petroff, Alanna (December 24, 2014). "Sell your holiday gift cards for cold, hard cash". CNN Money. Retrieved October 20, 2016.
  14. ↑ "Unwanted store credit app co Zeek raises $3m". Globes. May 19, 2015. Retrieved 3 October 2016.
  15. ↑ Reback, Gedalyah (2016-07-27). "A gift card startup just raised $9.5 million to solve the unclaimed gift card problem". Geektime. Archived from the original on 2016-09-25. Retrieved 2016-09-25.
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