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FreeMonee Launches National Gift Network

Freemonee logo 140pxFreeMonee has announced the launch of its "first-of-its-kind national cash-gift network".

FreeMonee enables merchants to give “gifts” directly to individual credit and debit cardholders through participating financial institutions. FreeMonee gifts are cash incentives that function like a gift card on an individual’s debit or credit card. With FreeMonee gifts, consumers can purchase anything they choose at the designated merchant -- no strings attached -- by simply using their debit or credit card.
Led by CEO and Silicon Valley entrepreneur Gadi Maier, FreeMonee has raised $11 million in initial funding from Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group.

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