Posted on October 21, 2019 by staff

Charity FinTech GoodBox reaches £1m funding target

Charity FinTech GoodBox reaches £1m funding target

The Natural History Museum reported a 20 per cent increase in donations during a trial of the tech
The Natural History Museum reported a 20 per cent increase in donations during a trial of the tech

Manchester-based FinTech GoodBox has reached its £1m crowdfunding target.

The start-up helps charities to raise funds by accepting card-based contactless donations through special hardware installed in public locations.

Launched in 2016, the Manchester-based startup claims to have raised over £2m for UK charities, having accepted donations from 830,000 people.

The firm’s tech has been used by Comic Relief, the Church of England, Save the Children, and the British Red Cross.

It was also chosen to work with the Mayor of London’s homelessness campaign, installing 90 contactless points across the city.

Lorna Poultney from Muscular Dystrophy UK says: “We held our 36th Microscope Ball at the Hilton Park Lane on Thursday 26th September and it was our first time working with GoodBox.

“We had GoodBox Core units on every table and were delighted that £7,318 in donations was raised on each table in just five minutes, increasing our pledged income by 85%. It’s clear that people prefer to use contactless compared to cash, making GoodBox a great new addition to the ball.”

GoodBox CEO and co-founder Andrew O’Brien said: “Since the beginning, GoodBox has been driven by a very clear mission; to make charitable giving seamless across the UK.

“The steps we have taken over the last two years since our first Seedrs round has accelerated our ability to do this, and we are confident that this next round of funding will help us continue to deliver the most innovative technology, products and services to the sector.

“We are delighted to return to Seedrs for our second investment round; the support we received in our last round has been invaluable to our development and success to date, so we look forward to welcoming both new and old faces to that community to help us move into our next exciting phase of growth.”