Online fundraising platform Charity Checkout has bagged $1m in a funding round to help boost its services.
This equity round was led by Octopus Group founders Chris Hulatt and Simon Rogerson, also participating in the round were four of the existing investors.
Founded in 2011, the company helps local charities, clubs and societies set up online donation campaigns. Charity Checkout was built to also offer a mobile-optimised platform and can be implemented with any platform within 48 hours.
The process, which is PCI DSS compliant, offers a secure payments system and online account statements. Currently the platform operates in the UK, but also has clients in Ireland, Australia, Canada and the US.
The new line of equity will help the company to increase its staff number, with it looking to expand the team to over 40. Charity Checkout is also looking to invest in its platform to help boost its services.
Charity Checkout founder and CEO Chester Mojay-Sinclare said, “Since 2011, we have helped raise millions online, making the lives of thousands of small charities a lot easier. Along the way we have learnt a lot, in particular it became apparent to us that even the biggest, most successful organisations struggle with optimising their online fundraising.”
The funding platform sector has not seen much activity compared to last year; however, Q3 2017 has seen a burst in funding, picking up $131m. The first three quarters of the year have pulled in a total of around $202m, whereas, in the same period last year had raised approximately $265m.
Copyright © FinTech Global