Goodbox has hit its funding goal of £1 million on Seedrs and now over funding. The funding round is part of a larger Series A round from earlier this year. Crowd investors are receiving the same terms as the institutional round. Goodbox is raising equity capital at a pre-money valuation of £18.8 million. As of today, 368 individual investors have participated in the crowdfunding offer. GoodBox previously blessed the pages of Seedrs. Back in 2018, GoodBox raised £2.6 million on the crowdfunding platform.
An FCA registered “Payment Institution,” GoodBox is described as a “one-stop shop” for charitable giving. The Fintech helps charities leverage digital and contactless payments. Earlier this year, GoodBox was ranked #15 in the 100 Fintech Disruptors Ranking. To date, £2 million in donations to over 700 charities from more than 830,000 individuals have been processed via GoodBox. The company is targeting the approximate £583 billion of philanthropic transactions made globally each year.
GoodBox has already received the support of WorldPay and Visa executives, according to a release.
GoodBox works with charities of all sizes and types. Last winter it was selected to run the Mayor of London’s homelessness campaign, taking donations at 90 newly installed contactless points across the city. GoodBox has also installed its “GBx Pro terminals” in the Natural History Museum in 2017, since then it has had a 64% uplift in donation income, with over £1,000,000 donated through the contactless points.
GoodBox CEO and co-founder Andrew O’Brien explains:
“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.”
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