Raise, a company backed by PayPal, has raised $63 million in funding led by Haun Ventures, bringing its total funding to over $220 million. The Chicago-based company plans to use the funds to develop its blockchain-backed Smart Cards and expand the Retail Alliance Foundation. The company aims to turn gift cards into a programmable retail currency to strengthen brand loyalty. Raise's CEO, George Bousis, believes that the crypto industry needs real utility and that investors are demanding substance over speculation. Along with the funding round, Raise has announced a new board of directors with experience in fintech, crypto, and e-commerce.



Other News from Today