Recharge completed the acquisition of Giftcloud from Groupon.

Recharge, a B2C prepaid payments platform, completed the acquisition of Giftcloud, a digital rewards platform, from Groupon, an e-commerce marketplace. Financial terms were not disclosed. "This move is a deliberate step into B2B. We see huge potential for prepaid in customer acquisition, loyalty and employee engagement. Giftcloud gives us a foundation to grow that proposition further in the UK and across Europe—backed by Recharge's digital infrastructure, partnerships and international reach," Günther Vogelpoel, Recharge CEO.