Philanthrify is a platform that aims to help charities increase transparency in their work by providing them with tech solutions tailored to their needs. Backed by the UK government with an Innovate UK grant, they are now raising to prepare for the public launch of their platform.
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Key project data
Target amount
0,7 MEUR
Valuations
5,0 MEUR
Date de fin
2025-11-30
Aperçu généré par l'IA
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AI project overview
Condensed summary based on project data
# Philanthrify – Project Overview
## Company Description
Philanthrify is a UK-based fintech startup founded in 2023 that aims to enhance transparency within the charity sector by providing tailored technology solutions. Its platform bridges the gap between donors and the measurable impact of their contributions, addressing a critical decline in public trust and donor engagement with charities. The company has received a £276,000 Innovate UK Smart Grant reflecting government endorsement.
## Problem Statement
Public trust in charities has notably declined over recent years, dropping to 48% in February 2022. Correspondingly, public charitable giving also diminished from 58% in 2019 to 50% in 2024. This erosion of trust stems largely from donors feeling disconnected from how their donations translate into real-world impact, undermining charities' ability to sustain and grow funding.
## Solution
Philanthrify is developing an innovative platform designed to increase transparency in charity operations. By offering charities customized tech tools and solutions, the platform aims to build trust and foster a stronger, more engaged donor base by clearly demonstrating the impact of donations.
## Business Model
Philanthrify plans to generate revenue primarily through a subscription service for charities accessing the platform and via fees on donations processed. The company envisions diversifying its revenue streams post-public launch.
## Team and Advisors
- **Tomos Rees**, CEO & Co-Founder: Industry-relevant leadership with a strong software background.
- **Arran Clark**, CTO & Co-Founder: Technical co-lead with experience in software development.
- **Advisory Board**: Includes Paul Terry (Chief Sales Officer), Francis Grasso (Senior Program Manager), and Dafydd Rees (Senior Counsel), providing strong domain expertise.
- **Investors and Philanthropists**: Including Kevin Lydon and Nick Maughan, offering financial support and strategic philanthropy insight.
## Current Funding Round
- **Target Raise**: £700,000
- **Pre-Money Valuation**: £5,000,000
- **Use of Funds**: Preparation for the public platform launch, development, and scaling efforts.
## Summary
Philanthrify addresses a clear, systemic problem in the charity sector by leveraging technology to restore donor trust and transparency. Backed by the UK government and experienced leadership, it is positioned to capitalize on a market with significant demand for improved accountability. However, key details such as traction metrics, detailed financial forecasts, and go-to-market strategies require further clarification to assess investment potential fully.
