# Raise

> Raise operates a gift-card rewards platform, the GCX resale marketplace, and business gift-card APIs. Founded by George Bousis in 2013, it connects shoppers seeking savings with retail brands and loyalty programs that distribute prepaid purchasing power.

- **Founded:** 2013
- **Headquarters:** Chicago, United States
- **Founders:** George Bousis (Founder, CEO and Chairman)
- **Products:** Raise, GCX, Raise for Business, SmartCards / Raise Network
- **Notable:** Reported more than $5 billion in cumulative transactions by February 2025., The 2017 Series C brought disclosed cumulative capital above $147 million., Raise’s website currently advertises over 1,200 consumer brands.

## Products & services

- **Raise** — Consumer app and website for buying digital merchant gift cards and earning Raise Cash for future purchases.
- **GCX** — Gift Card Exchange, the renamed Raise Marketplace, for buying discounted gift cards and selling unwanted balances.
- **Raise for Business** — Gift-card API and business tools for loyalty redemption, incentives and payments.
- **SmartCards / Raise Network** — Blockchain-based programmable gift-card infrastructure; distinguish network claims and development plans from proven outcomes.

## Achievements

- Reported more than $5 billion in cumulative transactions by February 2025.
- The 2017 Series C brought disclosed cumulative capital above $147 million.
- Raise’s website currently advertises over 1,200 consumer brands.

## Latest updates

- **2025-02** — Announced a $63 million strategic round led by Haun Ventures.
- **2026-06** — Updated Raise terms identify Raise Marketplace, LLC as operator and describe crypto-only web guest checkout.
- **2026-10** — An October 7 GCX notice says cashback purchases will move to Raise, while marketplace cards and GCX balances remain in GCX.
- **2026-10** — GCX seller-tier documentation updated October 21 lists 15% commission and a $0.30 listing fee for new sellers.

## Links

- Website: https://www.raise.com/
- LinkedIn: https://www.linkedin.com/company/raise-com
- Twitter/X: https://twitter.com/RaiseApp
- YouTube: https://www.youtube.com/@raise-app
- Instagram: https://www.instagram.com/raise
- Facebook: https://www.facebook.com/RaiseMarketplace

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Profile page: https://yespress.io/raise
Published by YesPress — https://yespress.io
Last updated: 2026-10-25