| Website | lottay.com |
| Blog | hintsdontwork.blo... |
| @givegiftsonline | |
| Category | Consumer Web |
| Phone | 323-893-7533 |
| Employees | 5 |
| Founded | 3/08 |
| Description | Online Gifting & Wishing |
| Total | $675k |
| Seed, 7/09 DFJ Frontier | $200k |
| Series A, 11/09 DFJ Frontier | $475k |
The Lottay online gift-giving and wish-list service helps individuals and groups give and receive gifts of cash. Lottay gifts are money, “wrapped” in the look-and-feel of the occasion via e-greeting cards, personalized messages, images and pictures. The gift of cash is sent via the PayPal “Send Money” service, delivered to the recipient via email or Facebook notification. Givers can specify the gift they would like the money to go toward because the Lottay gift-giving creation is free form. For example, the giver could say the money is “toward a cup of coffee” or “toward a Caribbean cruise”. The receiver of the gift is free to use the money to buy the intended gift or anything else they want, or even not spend the money at all.
Lottay CEO Harry Lin describes the service this way: “Cash may be king, but its reputation as a gift stinks. It’s usually seen as cold and impersonal, so Lottay wants to change that. We want to remove the stigma and embarrassment of giving money as a gift, so we created a way to make giving and receiving money fun, thoughtful and personal.”
|
|
|
