CashCard.com has acquired the assets of Citi Ventures-backed Plastic Jungle for an undisclosed fee and will take over Plastic Jungle's domain name and infrastructure.

US-based gift card marketplace Plastic Jungle has been acquired by discount gift card website CardCash.com for an undisclosed fee, providing an exit to Citi Ventures, the corporate venturing unit of US-based bank CitiGroup.

Plastic Jungle is a gift card exchange where users can covert their gift cards into other forms of spending power. Following the acquisition, CardCash will inherit Plastic Jungle’s technology infrastructure, business partnerships and domain name.

Citi Ventures invested an undisclosed sum in the company in 2012. Plastic…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?