RDE, Inc.’s CardCash.com Achieves Key Performance Milestones for its Merchants Utilizing its B2B Platform
Rhea-AI Summary
RDE, Inc. (NASDAQ: GIFT), owner of Restaurant.com and CardCash.com, has announced significant milestones for its CardCash.com B2B platform in 2024. The platform has achieved a 10% monthly growth rate in customer acquisition, onboarding over 25 new business customers monthly. CardCash has helped partners save over $3 million in incentive and reward program expenses, with monthly savings increasing by $50,000 compared to 2023. The self-service Elite Platform has seen a rise in order volume, with nearly 1,000 additional orders per month compared to last year. CardCash's B2B platform offers a diverse catalog of over 500 retail brands, with customers purchasing from 200 unique brands in the last month alone. CEO Ketan Thakker noted that approximately half of CardCash.com's revenue comes from the B2B side of the business.
Positive
- 10% monthly growth rate in customer acquisition for CardCash.com B2B platform
- Over $3 million in savings for partners on incentive and reward program expenses
- $50,000 increase in monthly savings compared to 2023
- Nearly 1,000 additional orders per month on the Elite Platform compared to last year
- Diverse catalog of over 500 retail brands available on the B2B platform
- Approximately half of CardCash.com's revenue comes from the B2B side of the business
Negative
- None.
News Market Reaction – GIFT
On the day this news was published, GIFT gained 2.37%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Successfully Generating Additional Traffic and Revenue for its Business Customers
SCHAUMBURG, IL, Sept. 12, 2024 (GLOBE NEWSWIRE) -- RDE, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of leading digital platforms, Restaurant.com and CardCash.com, with a focus on incentives and rewards in retail, dining & entertainment experiences, is pleased to announce that its CardCash.com business has achieved significant milestones for its business merchants consistently using its B2B platform.
These Key Performance Milestones for 2024 include customer growth, savings and platform performance.
Customer Acquisition:
CardCash has accelerated its customer onboarding process, achieving a monthly growth rate of nearly
Program Savings:
CardCash has helped partners reduce their incentive and reward program expenses by over
Elite Platform Performance:
Our self-service Elite Platform has empowered partners to seamlessly order the products they need, whenever they need them. This increased flexibility has driven a substantial rise in order volume, with nearly 1,000 additional orders per month compared to last year.
Brand Diversity:
CardCash continues to lead the industry with a catalog of over 500 retail brands for its B2B platform. In just the last month, our customers purchased from 200 unique brands, demonstrating the diverse and growing selection available through our platform.
Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “This is a major inflection point as approximately half of CardCash.com’s revenue comes from this B2B side our business. These merchants work directly with us in order to increase traffic and revenue for its business. While we increase our user base through consumers reselling unused and unwanted gift cards, it makes our platform more valuable to the merchants who can indirectly access our user base by such incentive gift card offerings. It’s a win-win combination for both merchants and counsumers.”
About RDE, Inc.
RDE, Inc. (Restaurant, Dining and Entertainment) is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand and CardCash.com is a leading secondary gift card exchange platform. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks. CardCash.com is renowned for its leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales.
For more information, visit: www.rdeholdings.com and https://www.restaurant.com and https://www.cardcash.com/.
Forward-Looking Statements
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although RDE, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, RDE, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Investors Contacts:
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FAQ
What are the key performance milestones achieved by CardCash.com's B2B platform in 2024?
How much has CardCash.com increased monthly savings for its partners compared to 2023?
What percentage of CardCash.com's revenue comes from its B2B platform, according to RDE, Inc. (NASDAQ: GIFT)?
How many new business customers is CardCash.com onboarding monthly for bulk purchases?
