PriyaPatelTLDR: Charitable giving fintech Overflow has raised $20 million in a Series B funding round led by Wesleyan Investment Foundation. The startup, founded in 2020, initially enabled users to make stock donations to churches and non-profits, but has since expanded its donation options to include ACH, card, DAF, wills, crypto, and various digital payment platforms. The platform now has nearly a quarter of a million users and around 450 organizations. With the new funding, Overflow plans to expand its offering beyond donations and provide a suite of financial products to churches and non-profits.
A church pastor has raised $20 million for his startup, called Overflow, that aims to make charitable giving frictionless. The Series B round was led by Wesleyan Investment Foundation, which provides financing to churches and church-related organizations. Founded in 2020, Overflow initially enabled people to make stock donations to churches and non-profits. It now also lets users make donations via ACH, card, DAF, wills, crypto, Apple Pay, Venmo, CashApp, Google Pay, and PayPal through one ‘easy button’ integration. It has nearly a quarter of a million users and around 450 organizations on its platform, including the Golden State Warriors Community Foundation, American Cancer Society, Life Church, Church of the Highlands, and Convoy of Hope. With the new funding in place, Overflow is looking to move beyond giving and provide a suit of financial products to churches and non-profits.
