The result was no consensus. Although the discussion is leaning towards "delete", opinion remains divided, in good faith, over whether the sources are of sufficient quality to sustain an article. This also applies if one only counts the views of established editors. It seems that the attempts at canvassing have had no apparent effect. Sandstein 18:48, 8 October 2016 (UTC)
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Company is not notable. Fails CorpDepth and GNG. Philafrenzy (talk) 10:43, 22 September 2016 (UTC)
The article notes:
Though the app has an easy-to-use graphic interface, its complexity lies in the logistics of transferring the credit from person to person in exchange for money. Zeek serves as the connection between the two parties, in place of a face-to-face meeting, but the process is still somewhat clumsy. This is due to the fact that the retailers refuse to accept physical or digital copies of store credit, only originals.
...
Zeek’s business model is still not entirely clear, and the two founders are in talks on the matter with the retail chains, but they emphasize that no matter what, for users, the buyers and sellers, there will be no charge for use of the app or transaction fees of any sort.
The company is beginning with a pilot in Israel, with hopes of entering additional markets, such as Asia, Latin America, and Europe, in the future. The US is irrelevant, because store credit is very rarely used there.
For the time being it only has a Hebrew website.
The first investor in the company was Uri Levine, former president and co-founder of traffic app Waze , who today is chairman and co-founder of financial fees comparison site Feex. He is also an angel investor.
The article notes:
In many cases, consumers find pursuing a refund more trouble than it’s worth, so they take the line of least resistance – settling for a credit, in the hope that they will find something else they want from the same store. But for those who can’t, Zeek has a solution – a platform that lets buyers, sellers, and barterers of store credits to find each other, no matter where they are. According to Zeek CEO Daniel Zelkind, retailers are cleaning up on this system, to the detriment of consumers. As much as NIS 600 million ($175 million) in store credits go unused every year.
The Zeek app, available for Android and iOS, allows users to scan a copy of their credit and upload details to Zeek’s cloud. Users name their asking price. Zeek categorizes and tags the credit by store, product, style, gender and age appropriateness, and any other criteria users potential buyers would search for. Buyers pay no commission, and depending on store policies, sellers can often sell different chunks of their credit to different customers, allowing them to maximize their sale coverage.
While Zeek is clearly a made-in-Israel app – it could have evolved only in a country where refunds are not a matter of course – the app is useful abroad as well. Zeek has tens of thousands of users in Israel, as well as in Europe and the US, where it is used to buy and sell gift certificates. The ability to break certificates into smaller chunks is a useful one for users abroad, according to Zeek. Plus, the fact that it’s all cloud-based makes Zeek convenient and user-friendly. “When you sell the gift vouchers or store credits, all you have to do is send it to us,” the company says. “Once it is received and approved, you will be contacted and we will forward you the money in the most convenient way: either check, PayPal or directly to your bank account. If you purchase a store credit or voucher, this item will be sent to you by mail.”
The article notes:
Zeek looks to combat this age-old frustration by setting up a digital marketplace where unloved gift cards can be bought and sold with ease.
It’s simple really - Agatha’s ungrateful sod of a nephew uploads a picture of his gift card and sets a price, all via his smartphone.
The app then lets willing buyers pick up the gift card at the discounted value – Zeek reckons it sees an average 20 per cent skimmed off – and find it in their postbox shortly thereafter.
Money goes direct to into the seller’s bank account or PayPal, and the buyer is now free to spend his or her new gift card as he or she pleases.
The article notes:
Zeek is a mobile app and website that allows users to buy gift cards and vouchers from their favorite brands at a discount and sell unwanted gift vouchers for cash, providing a solution to the estimated $100 billion of unused gift cards globally.
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Zeek was founded in 2014 by CEO Daniel Zelkind, VP Marketing Itay Erel and CTO Ziv Isaiah and has 35 employees in Israel and London. The company has raised $12.5 million to date including the latest financing round.
The article notes:
If you thought gift cards didn’t have traction, think again. Israel-based Zeek announced a $9.5 million Series B funding round led by Scale-Up Venture Capital on Wednesday. That financing includes contributions from major players like Blumberg Capital and Qualcomm Ventures.
The company’s site and app sells gift cards to major brands, as well as resells unused or unwanted gift cards. Reselling would presumably put a dent in what Zeek‘s press release says is a staggering $100 billion in unused gift cards, up from an estimated $41 billion in unclaimed gift cards between 2005 and 2011.
...
Zeek was founded in 2014 by CEO Daniel Zelkind, Itay Erel and Ziv Isaiah. Zeek will direct a chunk of the new round toward expansion in the UK market.
The article notes:
Zeek is on a mission to rescue $100 billion worth of unused gift cards and vouchers for users. Zeek is a web-based and app marketplace platform that allows users to buy gift vouchers for over 350 leading UK brands at discounted rates as well as sell their unwanted gift vouchers quickly and easily. zeek.me
The article notes:
If you’ve ever received a gift voucher for a store you rarely or never shop in, then Zeek could prove useful. The marketplace and mobile app lets you buy and sell unwanted store credit, including gift vouchers, credit notes, gift cards and e-vouchers. The seller gets to offload credit that is of no use or before it expires, and the buyer gets to purchase credit at a significant discount. Meanwhile, Zeeks take a commission on each transaction. Win-win-win, you might say.
Today the Tel Aviv-headquarted company is disclosing that it’s closed a $3 million Series A round from Blumberg Capital, Qualcomm Ventures (the chip maker’s venture arm), and Waze founder and existing Zeek investor Uri Levin. Originally launched in Israel before expanding to the U.K. in December 2014, the startup plans to use the new funding to “expedite” further European expansion.
The article notes:
Originally launched out of Tel Aviv in 2014, Zeek has since expanded to the U.K., which is now a key market for the startup and part of the reason for today’s announced fund-raise. The new capital will be used to consolidate its position in the U.K. and for further international expansion. This will include a hiring drive as Zeek plans to increase headcount in order to accelerate that growth.
The company’s app and marketplace lets you trade unwanted store credit, including gift vouchers, credit notes, gift cards and e-vouchers. The seller gets to offload credit that is of no use or before it expires, and the buyer gets to purchase credit at a significant discount.
In turn, Zeek takes a commission on each transaction. It’s a model identical to extremely well-funded U.S. startup Raise, which closed a $56 million round of Series B funding early last year, putting Zeek’s bank balance into sharp contrast.
With that said, in a statement Alex Lazovsky, General Partner of Scale-Up VC, is talking up Zeek’s unicorn potential, although I tellingly failed to get the startup’s current valuation.
The article notes:
Fresh off a $9.5 million Series B funding round, Zeek is planning on expanding beyond its Israeli headquarters and moving into Europe. The company already has a presence in the U.K. — it’s been there since December 2014 — and it now looks as though demand and additional capital will be taking this gift card-specific marketplace to new horizons.
The article notes:
Zeek, an Israeli app company for unwanted store credit, lets you sell store credit (those receipts you get when you return an item that usually ends up getting washed in the laundry), gift cards and e-vouchers below face value. Zeek recently announced that it has raised $3 million in Series A funding from Blumberg Capital and Qualcomm Inc. through its venture investment group, Qualcomm Ventures and Waze founder Uri Levin.
Zeek said it will use this new funding to facilitate its expansion into Europe this year.
Cunard (talk) 04:26, 25 September 2016 (UTC)
References
Deep coverage provides an organization with a level of attention that extends well beyond routine announcements and makes it possible to write more than a very brief, incomplete stub about an organization.
The article notes:
UK consumers are estimated to waste around £1bn in unused voucher credits each year.
When Itay Eral realised a voucher he received as a wedding present had expired before he had a chance to use it, he decided to do something about it. The result it Zeek, a mobile marketplace for unwanted gift vouchers and cards, where sellers are charged a fee of 7% of the card’s value and people can buy vouchers at a discounted rate. Eral founded the business in 2013 along with Daniel Zelkind and Ziv Isaiah from a headquarters in Tel Aviv. Zeek raised $3m (£2.07m) in funding in 2015.
Zelkind told The Guardian last year: “The app solves a problem we have all experienced. We are allowing people to earn real money for something that would go unused or ultimately expire.”
The company claims 30% of vouchers worldwide go unused amounting to £65bn being wasted."[4]
The article notes:
Consumers given unwanted gift cards and vouchers as Christmas presents may want to try a new app which promises to sell them on for close to their original value.
Available for Apple and Android devices, the free Zeek app aims to match people with unwanted gift cards with people who would be shopping in that particular store anyway. Zeek estimates that 47% of Brits are given an unwanted gift card each year – half of which never get redeemed.
The app allows sellers to scan in their unwanted gift card and set the price they want for it. Buyers, some of whom might be in the store to make a purchase, can buy the unwanted credit for a discount of around 3%-10%. Electronic vouchers can be redeemed instantly; others have to bought as a physical card and sent in the post by the seller within seven business days.
Co-founder of Zeek Daniel Zelkind says: “The app solves a problem we’ve all experienced. We’re allowing people to earn real money for something that would go unused or ultimately expire.”
He says 94% of vouchers sell within 24 hours, with Amazon vouchers holding the record time of just five seconds.
Sellers of vouchers will be paid by PayPal or bank transfer. Be warned, however, that you have to wait up to 14 business days for the payment to be made. The Israeli company, which has been trading for more than a year, says the delay is for security reasons. It says the money raised by sales is held in a separate collateral account before a payment is made.
Guardian Money took a look at the site and was slightly underwhelmed – many vouchers were being sold with just a 2% or 3% discount, making it hardly worth the hassle. However, voucher discounts may become much more attractive after Christmas as more of them appear on the market.
Ymd2004 (talk) 22:30, 27 September 2016 (UTC)
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Ymd2004 (talk) 12:30, 29 September 2016 (UTC)
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Cunard (talk) 01:23, 3 October 2016 (UTC)
The company's media coverage goes well beyond fundraising.[1][2] Both CNBC and The Guardian articles are evidence that the company and its product do generate real interest in worldwide media, and has nothing to do with fundraising or PR. Please note that at this point the reason the article is incomplete in due to over moderation from editors seeking to delete the article. Ymd2004 (talk) 14:16, 3 October 2016 (UTC)"Yes, the company's accomplishments have been to the point its ability to take money from investors. :-)
References
"Appboy’s software processes approximately 2 billion messages per month between 420 million users.<ref name=fortune/>– this is verified by the Fortune article."(same diff as already linked). K.e.coffman (talk) 01:45, 5 October 2016 (UTC)