Even though the company was featured in various outlets, grossing more than $15 million, it couldn’t stay on track. It was Kwame’s skills that made Gift Card Rescue successful. Robert speaks up again and says that Kwame will need more money to expand the offer to $200,000 for 50% equity. Kwame counters with 40% equity, but Kevin disagrees. Kevin O’Leary sees potential in the company and offers $150,000 for 50% equity. Kevin Harrington likes Gift Card Rescue, but he’s not ready to take any risks. He’s out.īarbara outright says she’s not interested, and she’s out. Daymond thinks his business is great, but it’s not the type he likes. After explaining the numbers and the deal he has in place with Amazon, Kwame says that all he wants is a little him. Robert wants to know how much his business is worth. He was making $120,000 a year and wanted capital if he wanted to make more. He had started the company on his money and now wanted someone to invest in it so he could expand. Kwame Kuadey appeared in Ep.4 on Season 1 of Shark Tank, looking for $150,000 in investment for a 30% stake in the company. Whether Kwame is still the owner or not is also unknown. Though the website is still active, there have been no purchases made from 2016. By this time, 300 complaints had been made to the Better Business Bureau about Gift Card Rescue. As a result, their bank account was frozen. However, in 2016, the company closed because a lender won a case for debt default against them. When Kwame had pitched the idea, his company’s net worth was $500,000, which rose as his business expanded. Kwame’s commercial acumen and self-assurance tenacity propelled him forward into a world of success. In 2021, Gift Card Rescue made $6 million, and in 2013, more than $10 million. The service has been promoted by The New York Times, Forbes, The Wall Street Journal, and several other popular outlets. Kwame has sold around $40 million worth of gift cards. In fact, to this date, Gift Card Rescue is one of the most profitable businesses to ever appear on the show. The company had been going downhill, but Shark Tank helped revive it to the point that Kwame became very successful in a short time. After appearing on Shark Tank, Kwame rejected Kevin and Robert’s offer. ![]() It is unclear whether Gift Card Rescue is active or not. Someone else has turned their website into an informational site about gift cards. Each category has a serial number allowing you to match it with your gift card to find out if it can be sold.ĭid you know that 10% of gift cards go unused every year? This makes Gift Card Rescue the perfect platform to earn some money while offering others the happiness of buying their favorite items at a discount. ![]() There are different brand categories on the website. Gift Card Rescue is a sale and exchange online marketplace in the US that offers people the opportunity to sell their gift cards. However, the journey was full of challenges, and to get a little reprieve from the financial burden, he decided to try his luck on Shark Tank. The Ghanaian man arrived in the US solely to start a business, and with the help of his friends, he was able to do it successfully. Gift Card Rescue was founded by Kwame Kuadey. One such is Gift Card Rescue which became a raging success after its appearance on TV. ![]() Most people don’t know this, but there are plenty of websites that allow you to sell gift cards. ![]() There’s a better way to utilize them - sell them on Gift Card Rescue. The point of telling you this story is that if you ever find yourself in such a situation, do not re-gift the gift cards! The problem is - you are a dude, and the card is for a woman’s spa treatment. There are at least 10, all with varying values. What you can’t figure out is who gave the gift cards. Your family knows you pretty well and gave you some nice gifts, as did your friends. When the party ends, you grab your presents and start tearing into them giddily. It’s also a housewarming party, and you are excited to give the guests a tour of your house. Not that you are a child anymore, but the accomplishment of turning 35 and becoming a homeowner has you happy beyond measure. You have invited your friends, family, and neighbors to celebrate your big day. It’s your birthday, and you are having a party.
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