Benefit Mobile

Benefit Mobile

crowdfunding platforms | digital cards | payments
website address
  • FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    Michigan
    Last Update:
    14 Feb, 2020
    Phone:
    +1 855-537-4336

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Shane O'Donnell, Derik Lolli
Board Members and Advisors:
Thomas Kneubuehl
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Start Garden
KEY EMPLOYEES:
Derik Lolli(CEO)

TRACTION

COMMENT:
The company is planning to expand their services to small business customers through the strategic partnerships.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.13 Millions
DATE OF LAST FUNDING:
Jun 2017
SEED & PRIOR FUNDING:
$1.13 Millions
SEED CLOSED ON:
Apr 2015
LISTED:
NO
COMMENT:
Venture funding:$.93 M(Jun 2015).

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