Ackroo to acquire GiftFly’s eGift Card Business
Provided By GlobeNewswire
Last update: Nov 28, 2023
HAMILTON, Ontario, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, is pleased to announce that it has signed a definitive asset purchase agreement, dated November 23rd, 2023, with GiftFly.com LLC (“GiftFly”). GiftFly is an international payments company based in the U.S. with an eGift card product for small to medium sized merchants. GiftFly has boarded over 18,000 merchants on their product since inception with over 4,000 active merchants across North America using the platform today. The transaction will almost double the number of locations Ackroo will support, represents Ackroo’s thirteenth acquisition to date, and is expected to close on November 30th, 2023.
