Gift Card Rescue Net Worth 2024 Update (Before & After Shark Tank)
Gift Card Rescue’s net worth was $400,000 in 2009 based on the Shark Tank deal. Gift Card Rescue, a gift card reseller was founded by Kwame Kaudey.
In 2009 they appeared on Season 1 of Shark Tank USA and made a deal with Kevin O’Leary and Robert Herjavec, $200,000 for 50% of equity.
Although Kwame accepted the deal, it was never closed after the show. However thanks to the show his business got more visibility and external investors, including Amazon. The business had a rapid growth following the show. However, in 2016, it went out of business.
Gift Card Rescue Net Worth
| Net worth | $400,000 (2009) |
| Annual Sales Revenue | $120,000 (2009) |
| Profits | Not available |
| Lifetime sales | Not available |
| Investors | Kevin O’Leary and Robert Herjavec |
| Investment | $200,000 for 50% of equity |
| Founder | Kwame Kaudey |
| Employees | – |
Gift Card Rescue Net Worth Timeline
| Net Worth 2024 | Out of business |
| Net worth valuation in 2009 after appearing on Shark Tank | $400,000 |
| Net worth valuation in 2009 before appearing on Shark Tank | $500,000 |
Gift Card Rescue Pitch on Shark Tank
| Product | A Gift card reseller |
| Episode | Season 01 Episode 04 |
| Founder | Kwame Kaudey |
| Asked for | $150,000 for 30% equity |
| Company name | Gift Card Rescue |
| Final deal | $200,000 for 50% equity |
| Sharks | Kevin O’Leary and Robert Herjavec |
| Location | USA |
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Gift Card Rescue Founder
Kwame Kaudey founded Gift Card Rescue. Kwame was born and raised in Africa and moved to the USA for his higher studies. He came up with the idea while pursuing his MBA. He currently runs a Digital Marketing firm known as Thrive Co. Gift Card Rescue’s founder Kwame Kaudey’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2009 | The company was featured in Shark Tank USA and sacred a deal. The company got a deal from Amazon. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Gift Card Rescue was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Gift Card Rescue went out of business in 2016. And the product is no longer available in the market.
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