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Stock impact report

Recharge leaps into B2B with UK Giftcloud acquisition

Groupon, Inc. (GRPN) 
Last groupon, inc. earnings: 2/18 04:09 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.groupon.com/investor-relations
Company Research Source: PR Newswire
This strategic acquisition accelerates Recharge's expansion into the B2B digital rewards market, unlocking new opportunities for growth.AMSTERDAM and LONDON, April 15, 2025 /PRNewswire/ -- Recharge, the European leader in prepaid payments, has acquired Giftcloud Limited from Groupon, Inc. (NASDAQ: GRPN), marking a strategic and accelerated expansion into the fast-growing B2B rewards space.The deal follows Recharge's recent €45M acquisition facility secured with ABN AMRO to fuel its international M&A activity. Giftcloud powers customer and employee engagement campaigns for major UK brands including Vodafone, Sky and TalkTalk. With millions of transactions processed annually and a strong record of profitability, Giftcloud brings Recharge a proven B2B model and a scalable platform to grow its corporate prepaid offering."This move is a deliberate step into B2B," said Günther Vogelpoel, CEO of Recharge. "We see huge potential for prepaid in customer acquisition, loyalty and employee engage Show less Read more
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