To what extent has this gift giving been accelerated during the pandemic? What have you seen shift from your client side in terms of how frequently and how much more they're willing to spend on employees? So really simple for all sides.ĪKIKO FUJITA: Yeah, you work in some big name companies- Microsoft, Adobe, Uber another one of them. The only thing they need to do is put in their shipping address, and it gets delivered straight to their doorstep. They get to see a fun experience of reveal for the gift, the personal message, and they can then choose the gift they like most from a selection of personalized gift options. And within a click of a button, they can send pretty much from one gift to tens of thousands of gifts that will be received in the recipient's email.Īnd the recipient can go in. They can then put in a personalized message. And the way it works is that the gift giver in, the case of the company, can set up a budget. We work today with over 1,000 customers that use the platform to send gifts across the world. Just a little bit of background about Snappy- it's a gifting platform that takes away all the friction from the process of giving gifts and turns it into a one-click expense for the gift givers and a special and fun experience for the gift recipient. HANI GOLDSTEIN: So thank you so much for having me on the show today. And Hani, I should note what's different about this is that you let workers choose their gift before they get it, which seems like a dream come true. And here for more on that, I want to bring in Snappy's Co-Founder and CEO. In fact, the company has helped its clients give employees more than 1 million gifts in just the last six months alone and just raised another $70 million in funding to keep that growth going. But one startup, Snappy, is helping companies like Microsoft and Comcast do just that with their gift-giving platform. You might want some sort of recognition from your employer.
ZACK GUZMAN: Well, at this point in the pandemic you might be burnt out.
Snappy’s clients also have access to real-time recipient feedback and gift insights to help understand the impact of their programs.Hani Goldstein, Snappy Co-Founder and CEO joins the Yahoo Finance Live panel to discuss the New York-based tech platform that has revolutionized gifting and the announcement that it has completed a $70M Series C funding round. The platform can be integrated with human resources platforms to trigger automated gift sends for occasions like employees birthdays or work anniversaries. Snappy's platform offers gifts from top brands and retailers, picked using a proprietary gift-trends algorithm and real-time stock availability. Companies in the US spend more than $125 billion on gifts for both employees and customers, with a further $375 billion spent by individuals. Snappy is headquartered in New York with its development center in Tel Aviv. Our goal is to become the go-to global gifting hub for anyone who wants to send a gift." Part of our success is our focus on the fun of the experience and creating magical moments that will surprise and delight recipients. Goldstein said, "Our customers are looking for innovative and effective ways to show appreciation for their employees in an increasingly digital world.
The company says that revenue has grown 800% over the past year. Snappy has over 1,000 enterprise customers including Microsoft, Adobe, Comcast, and Uber, and has sent more than 1 million gifts in the last six months alone. The company, which was founded in 2015 by CEO Hani Goldstein and Dvir Cohen, has developed a gifting platform to make it simple to digitally send personal gifts. The company will use these funds to enlarge its work force, expand into additional segments and markets, and explore potential acquisitions. This brings the total funding raised by the company to over $100 million, Trend reports with reference to Globes. Israeli gift tech platform Snappy has announced the completion of a $70 million Series C financing round, led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures.
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