Moola Inc

Moola Inc is an innovative e-commerce startup that has quickly become Canada's favorite app, connecting savvy shoppers to clever brands. Founded in 2019, Moola has gained traction with over 105,000 users who take advantage of exclusive deals from over 200 much-loved Canadian brands. The company's focus on driving sales for retailers through its mobile-first approach is backed by compelling statistics. The Canadian gift card market, projected to be worth US$6901.5 in 2022, has shown a CAGR of 6.4% during 2022-2026, indicating a strong momentum in the retail space. Moreover, with 33% of consumers altering their purchasing behavior to redeem a gift card and 72% of consumers spending more than the value of their gift cards, Moola is positioned in a promising market. The Moola mobile app boasts features such as digitizing physical gift cards, fast delivery to the digital wallet, and instant or scheduled delivery to smartphones across Canada. Additionally, Moola's product portfolio includes the consumer mobile apps and Moola+, a web-based platform for corporate gifting. With its impressive growth and potential in the thriving Canadian market, Moola Inc presents an intriguing investment opportunity for venture capitalists.