Tremendous

Tremendous provides a web platform and API for businesses to send payouts in the form of gift cards, prepaid cards, money transfers and donations. Customers can send bulk payouts via spreadsheet, integration or API, and recipients choose their reward. The platform includes a reporting dashboard, fraud prevention tools, order approvals and spend limits, and automated W-9 collection and 1099 preparation.

Its customers are researchers, marketers, HR and finance teams, class action administrators and nonprofits. Sending gift cards, prepaid cards and donations is free for the sender; the company states that it earns revenue through partnerships with reward brands such as Amazon and Visa, and charges 4-6% on Venmo, PayPal, Cash App, digital wallet and bank transfer payouts, and 3% on credit card funding.

The company was founded in 2010 by CEO Nick Baum and COO Kapil Kale and describes itself as profitable with no outside investment, having bought out its original investors in 2013. It operates as a fully remote team across multiple continents, with the website listing 150+ employees. Current openings span sales, engineering, product, data, design, marketing and security, with postings in the United States, Canada, the UK, Europe and Brazil.

Product: Web platform, bulk upload tool and API for sending gift cards, prepaid cards, money transfers and donations to recipients worldwide.