PaymentsAustralia
Prezzee Cuts 10% Workforce Amid CEO Exit and Growth Challenges
Australian founded gift card company Prezzee has cut 10% of its workforce. Prezzee has focused on the AU$500 billion global gift card market (Australia's is worth AU$5.5 billion). It had been chasing a valuation of AU$1 billion and an ASX listing and planning to grow to 400 people. Prezzee lost its London based CEO Jaimie Samaha last month. Samaha joined from Mastercard Loyalty in February last year and last month left to become CEO of UK based loyalty provider Reward.
