![]() It is explained that more than ten percent of all gift cards purchased are unused by the person giving the gift. Kuadey opens the show by saying he is asking for $150,000 to buy a 30% stake in his Gift Card Rescue. When he finally appears in front of the sharks, he is an extremely confident man who is confident that his business will succeed. In his opening scene, he expresses a desire for a person to invest in his company. Kuadey appears on Shark Tank to raise money from the sharks. Kwame Kuadey appeared on Shark Tank requesting an investment of $150,000 in exchange for a 30% stake in Gift Card Rescue. How Was The Shark Tank Pitch Of Gift Card Rescue? Unfortunately for Kuadey, his business faced significant challenges during its early stages.ĭuring this adversity, he audited for ABC’s Shark Tank appearance. Gift card holders who wish to sell them for cash online can do so at a discount, while those looking to save money at their favorite stores can get more than they paid for.ĭespite Kuadey’s brilliant idea, the gift card exchange wasn’t as successful as he had hoped in America. Kuadey started this firm to assist customers in selling and purchasing gift cards. This unexpected, amicable conversation led to the creation of Gift Card Rescue. Kuadey and an old friend discussed how he had many gift cards he wanted to sell for cash, and the concept was born. Ghanaian Kwame Kuadey arrived in the United States to establish an online gift card exchange company. Kwame Kuadey is the founder of Gift Card Rescue. $200,000 For 50% equity in Gift Card Rescue ![]() $150,000 for 30% equity in Gift Card Rescue Online Marketplace To Sell And Exchange Gift Cards The founder of Gift Card Rescue approached Shark Tank seeking $150k in exchange for a 30% stake in the company. The payment is usually 65-70 percent of the card’s value and is deposited into your PayPal account within 24 hours.Īs a result, Gift Card Rescue resells refurbished and unused gift cards at a discount, often 10%, which makes it a great place to purchase gift cards in the first place. You can enter the information for your gift card on their website, and they will tell you how much they will pay you. Gift Card Rescue can help you convert your unused gift cards to cash. ![]() You might not be able to use the card in-store, or perhaps you weren’t able to find what you were looking for. There is 10 percent of all gift cards that remain unused each year. Its website functions similarly to a blog it contains a list of gift card brands and their associated serial numbers, which can be used to sell the gift card. It offers users an opportunity to sell their gift cards. Gift Card Rescue is an online marketplace for selling and exchanging gift cards in the United States. Would a Shark be interested in investing in Gift Card Rescue? What Is Gift Card Rescue? He decided to make a guest appearance on Shark Tank on ABC during a difficult time. Unfortunately for him, his business went through many challenges and was not successful as he had planned. Kuadey originally believed that he would do well to help individuals start their businesses in America. People who choose to save money by shopping at their favorite stores can also obtain a little more for their money. People who wish to sell gift cards for cash can put them on the internet for a much cheaper price. Kuadey wanted to start a business to help people sell and buy gift cards online. Kwame Kuadey was inspired to start Gift Card Rescue when he talked to a friend about having many gift cards he wanted to sell for cash.Īfter a pleasant telephone conversation, the idea for Gift Card Rescue was born. Kwame Kuadey, a man from Ghana, traveled to the United States to start a company that would help people sell their gift cards to others for cash. ![]() The young man spent his early years in a rural village without running water or electricity in West Africa. Shark Tank episode 104 aired Kwame Kuadey’s Gift Card Rescue, founded in 1989.
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