Ijji, Inc.
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Ijji, Inc. - overview
Established
2014
Location
San Jose, CA, US
Primary Industry
Internet
About
Ijji, Inc. operates as a digital marketplace for video games, gift cards, and gaming-related items, connecting buyers and sellers in a secure environment that fosters trading and monetization of gaming assets. Founded in 2014 and headquartered in San Jose, US, Ijji, Inc. is a digital marketplace that facilitates the exchange of video games and gift cards.
The company raised USD 5 million in a funding round in May 2017 from investors including Bullpen Capital, GoAhead Ventures, and Social Starts. The founder, Terry Ngo, has a notable entrepreneurial background, although specific details on prior companies are not available. The company has engaged in two deals to date, with its most recent investment occurring in 2017. Gameflip is a digital marketplace enabling users to buy and sell video games, gift cards, and various gaming-related items.
Users can trade unused gift cards from major retailers like Apple, Google Play, and PlayStation Network for cash or game credits. The platform caters to a diverse clientele, including gamers and collectors from regions such as North America, Europe, and Asia, providing a user-friendly experience for secure transactions. Gameflip generates revenue through transaction fees applied to sales on its platform. Each buyer-seller transaction incurs a fee based on a percentage of the transaction value.
The platform’s direct-to-consumer model allows individual users to sell their gaming products or gift cards to other consumers. Additionally, the company may benefit from partnerships with game developers and publishers for exclusive deals or promotions, enhancing user engagement. In May 2017, Ijji, Inc. raised USD 5 million in venture funding to support its future expansion plans.
The company aims to enhance its platform by designing and launching new products aimed at improving user experience. Plans for geographic expansion into new markets are in consideration, although specific regions and timelines have not been disclosed. The recent funding is anticipated to be utilized for these initiatives, ensuring that Ijji, Inc. strengthens its position in the marketplace.
Current Investors
Bullpen Capital, Social Starts, GoAhead Ventures
Primary Industry
Internet
Sub Industries
Consumer Products, Recreational Product Stores, Computer & Office Equipment Distributors, Search Engines, Gaming
Website
www.gameflip.com
Verticals
E-commerce, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Ijji, Inc. - employee data
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