BCBusiness

October 2016 Entrepreneur of the Year

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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bcbusiness.ca october 2016 BCBusiness 49 W ith a little more forethought, Matias Marquez might never have founded Buyatab. Marquez was a 21-year-old SFU student in 2008 when he ran into a problem: he needed to send a gift card to someone whose birthday was that day. It was too late to send one by mail, and no online cards or time machine were to be found. So Marquez did what great inventors and entrepreneurs have done since the begin- ning of time—he created the solution himself. Marquez didn't plan far enough ahead to send that card on time, but he's doing plenty of thinking ahead now. Most of the gift-card industry still revolves around coloured sheets of plastic, but Buyatab is charging into the digital landscape of the future. Electronic commerce is rapidly shifting toward mobile technolo‹y, and Buyatab is helping retailers Matias Marquez Founder and COO, buyatab Online Inc. get ahead of the trend. The company already counts hundreds of big-name brands across the continent among its clients, including Whole Foods Market Inc., Four Seasons Hotels and Resorts, Cineplex Enter- tainment and Tim Hortons Inc. Buyatab custom-builds gift-card tools for merchants, allowing their customers to buy, send and redeem cards on both desktop and mobile devices, through email, mobile messaging, social media platforms and wallet apps like Apple Inc.'s Passbook. The product list keeps expanding as tech- nolo‹y advances, with the company also providing security and data-manage- ment services for its cards. Buyatab is seeing so much demand that Marquez (a 2016 BCBusiness 30 Under 30 winner) cites growth man- agement as the company's biggest challenge. He wants the business to continue expanding but in a way that maintains the company's culture. Finding qualied developers in Vancouver to add to its 40 employees can be a struggle too. "It's an exciting challenge," Marquez says, acknowledging that managing growth is a far bet- ter problem to have than not growing at all. —D.H.

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