For those giving out the cards, it might also mean a more memorable use of what might otherwise feel like a small or random amount of money.
Tango had only raised.5 million previously with other investors including Eric Schmidts.
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The round comes from a single investor, FTV Capital, a growth equity firm that has a long track record in taking stakes in e-commerce companies (its portfolio formerly included WePay, which was recently sold to JP Morgan).Tango Card provides an industry leading solution that capitalizes on this shift to digital, enabling its enterprise clients to efficiently use rewards and incentives for numerous use cases and to achieve business goals such as driving employee engagement and retention, improving employee culture and wellness.When people get a gift card and use it to buy something, they are more likely to tell people what they did with that gift card, he said.The company has had an average of 1200 percent revenue growth over the last five years, he said, and it is nearing profitability.There is a problem for the companies doling out the gift cards, however: browsing a wider list of gift card options, and then selecting the ones that you might want to use in a campaign or service, and then actually having all that work automatically.That means that for retailers, they become like a form of free and viral advertising.The B2B rewards and incentives space is massive and growing, and the gifting/incentive space continues its move from physical to digital delivery, said Chris Winship, FTV Capital partner, in a statement.January 31, 2017 21:41.Tango irons out the work in the backend and presents an easy way of integrating it at the front end by way of an API.And that, in turn, works out to tens of thousands of customers drawing down those gift cards.Industry, computer Software (15 internet backyard makeover sweepstakes 2017 (10 information Technology and Services (7 marketing and Advertising (7) Market Research (5) DefaultLeast HelpfulLeast RecentMost HelpfulMost Recent Showing 93 Tango Card reviews LinkedIn Connections Sign in to G2 Crowd to see what your connections have to say about Tango.
Tango Card.5 (93 tango Card's Rewards as a Service or RaaS is a flexible digital reward (e-reward) delivered via email.
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Ratings 5 star 64 4 star 23 3 star 5 2 star 0 1 star 1, company Size, small Business (50 or fewer emp.) (25 mid-Market (51-1000 emp.) (36 enterprise ( 1000 emp.) (32 user Role.Tango Cards solution is a platform to make the process of doing all this faster and easier, by way of an API.(10 doesnt feel like much but a 10 gift card suddenly feels like a little present.).Administrator (46 consultant (2 executive Sponsor (6 agency (3 project Team Member (6 project Manager (4 executive Sponsor (1).David Leeds, the founder and CEO.