Quippi Raises $2M For International Money Transfers

La Jolla-based Quippi, which sells a gift card aimed at international money transfers, has raised $2M in a funding, the company disclosed today. The funding came from Avalon Ventures. Quippi operates a service--aimed at the Mexican market--which allows people in the U.S. or Mexico to buy gift cards, and share those gift cards via a PIN number with friends or family in Mexico. Those gift cards work with specific retail partners in Mexico, including Cuesta Menos and Coppel. Quippi sells its gift cards in the U.S. at 7 Eleven and Ace Cash. Quippi's business looks similar to remittance and gift card startup Ayannah, which offers similar gift card purchases in the Phillipines. More information »