USA – Vennfi, an Atlanta, GA-based financial technology company for tax-exempt payments, closed a pre-seed funding round of $1.1M.
His Fund and another family office made the investment. The company intends to use the funds to expand its capabilities and increase its growth. Led by Stephen Kump, CEO, Jon Koon, CTO, and Ashby Foltz, COO, Vennfi provides Charityvest, which offers individuals and businesses free tax-deductible charitable giving funds. Users can donate cash or stock to their fund, make donations to any of the 1.4M nonprofits in the U.S., and keep track of all of their giving activity with a single consolidated tax receipt. Since launching in December 2019, the company has facilitated giving to over 300 nonprofits and received nearly $2M in charitable contributions from donors. 15/05/2020
