The crowded Fintech startup, which rigates non -profit organization’s financial management, has secured $ 7.5 million in Series A and raised a total of $ 13.5 million. The round was led by Flashpoint, a $ 500 million -dollar crossing VC company known for supporting companies such as Guessy, Chili Piper, and Mesh.
This fund is that non -profit organizations are working on financial uncertainty following the freezing of Trump’s federal funding. The presidential decree that stops a specific federal subsidy has been forced to find thousands of non -profit programs in severe places and search for alternative financial solutions. With the shake -up, the two fields crowded with AI -led financial tools have increased urgency and efficiency than ever.
FLASHPOINT has joined other investors, including Florida opportunity funds, Wilson’s bird capital, led by EFI Shema, and existing supporters Sarona Ventures and The Garage.
Congratulations use fresh capital injection to continue to strengthen the platform and equip non -profit organizations with advanced tools needed to manage finances and compliance.
“With this funding, we can focus on the most important thing to make non -profit organizations easier to make payment processing and tax compliance. These are important areas for many organizations. CROWDED posted on blog posts, saying that they are working to improve tools that are more efficient to work. “
Established in 2021, based in Miami, there is an office in Tel Aviv, and Crowded has built a financial infrastructure tailored to a non -profit organization. By providing digital banking, automatic reports, and compliance tools, membership groups, charitable organizations, and religious institutions efficiently manage finances.
Four years ago, more than 35 people, including the crowded Harvard Athletics, Pi Kappa Alpha Fraternity, and the USA Councils, have gathered more than 35 or more customers. For example, Harvard Athletics uses a platform to manage DIEM of student athletes.
By digitizing financial management and eliminating manual processes, non -profit organizations can concentrate on core missions, not office work. This platform offers multi -chePut banking, payment processing, expense management, and tax declaration services equipped with AI.
“The freezing of President Trump’s presidential decree and the freezing of funding has become so brighter that the non -profit financial management and accountability of it has never become brighter,” said CROWDED’s co -founder and CEO, Daniel Grunstein. I am.
“Non -profit organizations handle $ 3.9 trillions every year and account for 14 % of US GDPs, but the process that has been fragmented with outdated systems has reduced efficiency and impact. With this funding. Payment, compliance, and taxable tools equipped with AI can expand non -profit financial management platforms in the same way as the world’s top companies. We will provide the latest infrastructure, so we can focus on ourselves and promote changes.
Flashpoint believes that crowded missions are more relevant than ever. “Solutions like Crowded are more important than ever, because recent financing freeze has created uncertainty in non -profit organizations,” said Flashpoint’s NOAM WOLF. “CROWDED focuses on supporting non -profit organizations to concentrate on missions, not balance sheets, and this moment emphasizes urgent need for economic transparency and resilience. I. We are proud of being able to support their growth, and we look forward to giving them the power of more good things.
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