Draper Goren Holm Completes Follow On Investment in Giftz

Draper Goren Holm has completed a follow-on investment in existing portfolio company Rewards Media, Inc., also known as “Giftz”.

Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, says it has doubled down on Giftz, a Fintech startup that will provide value to merchants and their customers post COVID-19.

Josef Holm, Managing Partner of Draper Goren Holm said:

“While many startup models weren’t ready for a pandemic, Giftz’ mobile, contactless, pay-with-points solution is perfectly positioned for a post-coronavirus economy.”

The Draper Goren Holm investment follows Giftz‘ partnerships with Blackhawk Network (eGift cards), WorldPay (cc processing), Ipsidy (facial biometric KYC verification) and an investment from senior payments executive Phil Kumnick who designed the settlement and FX processing at MasterCard. Kumnick is a Giftz Advisor.

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