New Tech by the Old Port: Portland, Maine’s CashStar Reports Record Growth

There are quite a few little tech and innovation hubs quietly growing throughout New England that have a distinct advantage over Boston for entrepreneurs seeking a bit more of the outdoor lifestyle and a culturally unique community. A few companies are reaping the benefits of having easier access to the outdoors and are building offices in cities that are becoming budding cultural centers for arts, food, music, and the like.

Today, CashStar, a digital gifting company headquartered in Portland, ME, announced record growth in 2013.

As chief executive Ben Kaplan said, CashStar is trying to “disrupt a few different markets.” Specifically, the company offers a digital and mobile gifting experience that is hoping to shake up the plastic gift card industry, which Kaplan said is “an over $120 billion market.”