M&A Deal Summary

Recharge.com Acquires Giftcloud

On April 15, 2025, Recharge.com acquired business services company Giftcloud from Groupon

Acquisition Highlights
  • This is Recharge.com’s 1st transaction in the Business Services sector.
  • This is Recharge.com’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-04-15
Target Giftcloud
Sector Business Services
Buyer(s) Recharge.com
Sellers(s) Groupon
Deal Type Divestiture

Target

Giftcloud

Bristol, United Kingdom
Giftcloud is a UK-based digital rewards platform helping businesses engage, acquire and retain customers through branded prepaid incentives. Its platform enables fully branded, digital campaigns that support marketing and employee engagement strategies for some of the UK's best-known companies, including Vodafone, Sky and TalkTalk. Giftcloud is based in Bristol.

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Buyer(S) 1

Buyer

Recharge.com

Amsterdam, Netherlands

Category Company
Sector Internet Software and Services
DESCRIPTION

Recharge.com provides customers the opportunity to digitally buy or send prepaid credit to spend with their favorite brands. Also Recharge.com offeres a remittance business that provides a service to immigrants for cross-border remittances of call and data credits. Its solutions combine highly scalable, proprietary-based technology platforms with distribution power through online marketing. Recharge.com is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Groupon

Chicago, Illinois, United States

Category Company
Founded 2008
Sector E-Commerce
Employees2,079
Revenue 493M USD (2024)
DESCRIPTION
Groupon's corporate headquarters in Chicago, Illinois.
Groupon's corporate headquarters in Chicago, Illinois.

Groupon is a social eCommerce site. Groupon leverages social media and collective buying power to feature daily deals in more than 500 markets around the world. Groupon was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Presence AI

San Francisco, California, United States

Presence AI is an AI-powered text and voice communications tool that enables and facilitates messaging between customers and merchants. Presence AI was founded in 2015 and is based in San Francisco, California.

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