Zeek Mobile
Marketplace for Discounted Gift Vouchers
Company Overview
Snapshot
Founded in July 2013 by Uri Levine, Itay Erel, Daniel Zelkind, and Ziv Isaiah, Zeek Mobile operated with 11–50 employees. The company raised a total of $12.5M across three funding rounds from 10 investors. In November 2019, Zeek Mobile ceased operations.
Business overview
Zeek Mobile developed a marketplace for exchanging gift vouchers and cards, enabling users to buy and sell unwanted gift cards at discounted prices. The company's app converted physical gift vouchers into digital versions, valid in relevant stores, and was compatible with iOS and Android platforms. Leveraging technologies like Node.js, AngularJS, and Couchbase, Zeek Mobile focused on enhancing security and privacy, incorporating proprietary fraud prevention technology. The company established retail and distribution relationships with over 350 brands, operating within the Fintech and eCommerce sectors, specifically targeting the marketplace, payments, and personal finance categories in Israel and the United Kingdom.
Strategic signal
In March 2019, Zeek Mobile announced its decision to shut down operations, followed by the board throwing in the towel in February 2019. This indicates a significant operational challenge and a complete cessation of business activities, signaling to investors a failure to sustain its business model in the gift voucher marketplace.
Log in to access full profile ›Company Intelligence Q&A
- What is Zeek Mobile's primary business?
- Zeek Mobile developed a marketplace for buying and selling discounted gift vouchers and cards, converting physical vouchers into digital versions for use in various stores.
- When did Zeek Mobile cease operations?
- Zeek Mobile ceased to operate in November 2019.
- Which investors participated in Zeek Mobile's July 2016 funding round?
- In July 2016, Zeek Mobile closed a $9.5M Series B funding round with participation from.
- What was the total capital raised by Zeek Mobile?
- Zeek Mobile raised a total of $12.5M across three funding rounds.
- What was a key strategic development for Zeek Mobile in 2019?
- In March 2019, Zeek Mobile announced its decision to shut down, following a board decision to cease operations in February 2019.