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November 6, 2013 07:31 pm GMT

Ecommerce Gifting Isn't A Perfect System, But Loop Commerce's New Product Could Get It Closer

loop-foundersGift cards are popular for a reason: shopping for someone else is difficult, and especially so online. With that problem in mind, a new SaaS service called Loop Commerce is launching today, having closed $7 million in Series A funding from eBay CTO Mark Carges, Don Katz of Audible and Amazon, Magento CEO Roy Rubin, former Toys "R" Us SVP Michael Scharff, and Chegg CTO Chuck Geiger.

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