Sunday, 21 December 2014
Last updated 1 day ago
Nov 4 2009 | 6:26pm ET
Philadelphia-based RecycleBank, which teams with municipalities to provide incentives for residential recycling, has banked another $28.25 million, according to an SEC filing.
In separate news, RecycleBank also announced a partnership with the re-commerce firm Kashless.org to create the Kashless Rewards program for consumers recycling items online. The value of this deal has not been disclosed.
Founded in 2004, RecycleBank (a subsidiary of Recycle Rewards) has raised more than $73 million, with investors including RRE Ventures, Sigma Partners, Kleiner Perkins and the Westly Group. RecycleBank plans to award recycling points that can be redeemed for discounts or gift cards or donated to charities and other groups.
Municipalities involved in the RecycleBank program pay the company a portion of the money they save on landfills. Residents get special bins with RFID tags so recycling trucks can identify each customer, weigh the contents of the bin, and award points accordingly.
Kashless Rewards is an extension of this plan: users will earn points for posting items for reuse on the online marketplace. The points can be redeemed through RecycleBank’s program
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.