uBack

crowdfunding platformsother online fundraising platforms

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 01/05/2020

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About

uBack has developed a mobile app that allows users to make donations for non-profits organizations and charities.Users can simply register into the app and start instant donations to support the social causes. uBack is mainly focused on driving cost saving and higher supporter engagement rates.uBack is powered by Bank of America who protects all financial information.

Focus

PRODUCTS & SERVICES

Mobile based donation platform for non-profits campaigns. uBack aims to help nonprofits to capitalize on those willing to give in the moment and allows them to ramp up mobile giving initiatives and makes it easier for donors to support digitally at events. For corporates - uBack's diversified network of users increases your organization’s exposure and impact. It also provides employees greater choice of who to support during employee giving campaigns.

REVENUE MODEL

The company charges 1% service fee per donation plus 2.9% credit card processing fee. It also gets additional revenue via advertising, customer analytics and technology features.

MAIN CLIENTS

mobile banking customers

EXISTING PARTNERSHIPS

Bank of America

COMMENT

Donors can use the image recognition capability or type in the nonprofit's name to donate any amount of money instantly.

company provided insights

Traction

TRACTION COMMENT:

From the last six months the app has been downloaded 30,000 times, more than 200 nonprofits have signed up and 200,000 donations have been made(April 2016).

People

FOUNDERS

Kaitlin Hayes Reimann

Melissa Bodford

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

TOTAL FUNDING

$2 M

DATE OF LAST FUNDING

Dec 2016

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Feb 2017

LISTED

NO

Innovation Programs

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