Benefit Mobile
crowdfunding platforms . digital cards . payments
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
About
Benefit Mobile offers a mobile fundraising platform for schools and non-profit organizations. Benefit is a pre-paid mobile wallet app that allows users to buy e-gift cards through their retailer partners and donate some percentage of the transaction to support causes for schools, non-profits, or user personal choice like a mortgage or healthcare premium.
Focus
PRODUCTS & SERVICES
Mobile based fundraising tools for schools and non-profits. Benefit Mobile -It is a prepaid mobile wallet that allows users to donate discounted money from the gift card purchases to support social causes. The app supports credit card payment method that allows users to earn rewards or miles as they give back. The platform makes it easier for donors to support social causes on their mobile app.
REVENUE MODEL
The company charges small percentage fee of each transaction.
MAIN CLIENTS
Schools
Non-profit organizations
Fundraisers
EXISTING PARTNERSHIPS
The company has partnered with 150+ retailers including Amazon
Walmart
adidas
Aeropostale
American Airlines
Bass Pro Shop
Cabela
etc. Benefit has partnered with Conpoto
a cloud-based currency software to bring more small businesses on their platform,
COMMENT
Benefit provides reporting services that allow retailers to track their real-time spendings and redemption, also helps them to set the discount rate based on their business sales.
Traction
TRACTION COMMENT:
The company is planning to expand their services to small business customers through the strategic partnerships.
People
FOUNDERS
Shane O'Donnell
Derik Lolli
BOARD MEMBERS AND ADVISORS
Thomas Kneubuehl
NUMBER OF EMPLOYEES
11-50
INVESTORS:
KEY EMPLOYEES:
Derik Lolli(CEO)
Momentum
FUNDED
YES
TOTAL FUNDING
$1.13 M
DATE OF LAST FUNDING
Jun 2017
SEED & PRIOR FUNDING
$1.13 M
SEED CLOSED ON
Apr 2015
LISTED
NO
COMMENT
Venture funding:$.93 M(Jun 2015).
Sign up for a 30- day free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
ArgoPay is a virtual credit card company offering merchants 0% processing fees and rewards to consumers. A virtual credit card is issued to the consumer through the ArgoPay...
CARD.com is a mobile replacement for branch banking. It offers prepaid cards featuring brands like Care Bears, Sesame Street, Star Trek, etc.
CardFlight provides tools and technology to help merchants accept in-person credit card payments on iOS and Android devices. It enables app developers to easily incorporate...
FOUNDING YEAR:
LOCATION:
Views:
$1.13 M
About
Benefit Mobile offers a mobile fundraising platform for schools and non-profit organizations. Benefit is a pre-paid mobile wallet app that allows users to buy e-gift cards through their retailer partners and donate some percentage of the transaction to support causes for schools, non-profits, or user personal choice like a mortgage or healthcare premium.
Benefit Mobile
About
Momentum
FUNDED
NO
LISTED
NO
Other