Kindly
Kindly brings together donors and active volunteers in real-time, accelerating giving power within our growing community.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Kindly operates as a fintech enterprise with a focus on social impact, aiming to mobilize generosity on a large scale by activating communities. The company was co-founded by CEO Brandon Litman and COO Alexander Bierling. Litman, who studied finance at the University of Southern California, has a background in organizing global filmmaking events and connecting individuals with local nonprofits.
The firm's core product is a mobile application that serves as a platform for both volunteering and digital donations. It connects individuals with service opportunities at nonprofit organizations and motivates them to contribute financially. A key feature of the platform is the concept of unlocking matching funds; when a volunteer completes a service activity, they unlock a donation from another donor. At this point, the volunteer is prompted to match these funds with their own contribution. This model is designed to increase the volume and velocity of philanthropic capital. The app is free for nonprofit partners. Revenue is generated through standard credit card processing fees on donations, which amount to approximately 3% plus $0.49 per transaction. Donors are given the option to cover these fees so the full intended amount reaches the organization.
The platform targets a user base interested in local causes and community engagement, with a particular focus on millennials. For its nonprofit clients, Kindly's application helps to drive and deepen volunteer engagement while also providing a mechanism to convert those volunteers into financial donors. The system uses a real-time pattern recognition model to learn about a user's interests and skills to suggest suitable volunteer opportunities. The company emphasizes data privacy, sharing user data only with the specific organizations they choose to support. All donations are processed through The Kindly Community Fund, Inc., a registered 501(c)(3) organization.
Keywords: social impact, fintech, volunteer platform, donation matching, community engagement, nonprofit fundraising, philanthropic technology, mobile giving, volunteer management, social enterprise, Brandon Litman, Alexander Bierling, digital wallet, charitable giving, community mobilization, donor engagement, cause-based platform, real-time donations, nonprofit technology, impact investing