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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.
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.
The company charges small percentage fee of each transaction.
The company has partnered with 150+ retailers including Amazon
Bass Pro Shop
etc. Benefit has partnered with Conpoto
a cloud-based currency software to bring more small businesses on their platform,
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.
The company is planning to expand their services to small business customers through the strategic partnerships.
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
Venture funding:$.93 M(Jun 2015).
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