Funding for Birmingham based University Fancards LLC is the second wave of successful fundraising since its beginning.
By providing collegiate licensed gift cards and re-loadable prepaid cards, the funding will allow the company to expand into more markets.
According to the BBJ, Gregory Boggs (Founder and CMO) started the company in 2015 with kick-starter funding of about $1 million.
This next round of funding, of $1.64 million, was timed perfectly as the company is bringing out many more university-branded cards this past week.
You can currently find FanCards for these Universities:
- Florida State
- South Carolina
- West Virginia
By the end of 2017, the company expects to reach more than 20 universities and be available in 25,000 retailers.
Where to Buy a FanCard
For select teams, the cards are available in particular stores.
- Alabama – Fred’s Super Dollar & CVS
- Tennessee Vols – Dollar General, Daily’s Convenience Store, & Weigel’s
The funding will also allow FanCards to add around 10 employees by the end of the month!