Company Profile: Givt

Background

Givt is a digital platform founded in 2015, headquartered in Lelystad, Netherlands, that facilitates cashless donations, enabling users to contribute to charitable causes without the need for physical currency. The company aims to modernize the giving experience by providing a seamless and efficient method for individuals to support organizations of their choice. Givt's mission is to bridge the gap between technology and philanthropy, making charitable giving more accessible and impactful. The platform has gained significant traction, with approximately 40% of churches in the Netherlands adopting the app to facilitate instant donations during services and events.

Key Strategic Focus

Givt's strategic focus centers on enhancing the donation experience by leveraging technology to simplify the process of giving. The platform specializes in providing a user-friendly interface that allows donors to contribute quickly and anonymously, addressing the needs of a digital-savvy audience. Key technologies utilized include mobile applications and web platforms designed to facilitate seamless transactions. The primary markets targeted are religious institutions, non-profit organizations, and communities seeking to modernize their fundraising efforts. By focusing on these areas, Givt aims to increase donor engagement and streamline the collection process for charitable organizations.

Financials and Funding

As of 2024, Givt reported a revenue of $2.8 million, reflecting a 51.09% year-over-year growth from $1.9 million in 2023. The company has raised a total of $780,000 in funding, with the most recent round occurring six years ago. Notable investors include Seedrs and the Zaleski Family Office. The funds have been utilized to develop and enhance the Personal Giving Assistant (PGA), a feature that allows users to set personal giving goals and monitor their contributions to preferred charitable campaigns.

Pipeline Development

Givt's primary product is the Personal Giving Assistant (PGA), which enables users to set personal giving goals and monitor their contributions to preferred charitable campaigns. The PGA is currently in the development stage, with plans for a public release in the near future. The target conditions for this product include enhancing user engagement and increasing the volume of donations processed through the platform. Anticipated milestones include the successful integration of the PGA into the existing Givt app and the achievement of user adoption targets.

Technological Platform and Innovation

Givt's technological platform is centered around a mobile application and web interface that facilitate cashless donations. The platform is designed to be intuitive and user-friendly, allowing donors to contribute quickly and anonymously. Proprietary technologies include the Personal Giving Assistant (PGA), which helps users set and track personal giving goals. Significant scientific methods employed involve data analytics to monitor donation patterns and user engagement, enabling continuous improvement of the platform's features and user experience.

Leadership Team

Givt is led by CEO and Development Executive Jacek Podoba, who has a background in business scale-ups, innovative start-ups, and strategic partnerships. He has a focus on complex problem-solving, from idea and go-to-market strategy to fully operating companies in Poland and across the EU. Under his leadership, Givt has achieved significant growth and expanded its user base. There have been no recent significant changes or appointments within Givt's leadership team.

Competitor Profile

Market Insights and Dynamics

The digital giving market is experiencing growth as more individuals and organizations seek cashless and efficient methods to contribute to charitable causes. This trend is driven by the increasing adoption of mobile technology and the desire for seamless donation experiences. The market is characterized by a diverse range of platforms offering various features to enhance the giving process.

Competitor Analysis

Key competitors to Givt include:

RGOODS: A company focused on accelerating generosity through innovative services in the non-profit sector, offering customizable online donation platforms and white-label online stores.

Generous: A next-generation donations platform operating in the philanthropy sector, providing tools that facilitate donors in finding charities they wish to support and assist nonprofits in raising donations.

Mereo: A donation platform empowering individuals and businesses to create positive change, offering membership programs with exclusive perks and discounts, analytics, and reporting tools.

Givio: A company providing solutions for charitable giving and fundraising within the financial services industry, offering Charitable Banking™ solutions to assist in the process of donating and fundraising.

These competitors offer similar services aimed at enhancing the donation experience through digital platforms.

Strategic Collaborations and Partnerships

Givt has established partnerships with various religious institutions and non-profit organizations to integrate its platform into their fundraising efforts. Notably, approximately 40% of churches in the Netherlands have adopted the Givt app to facilitate instant donations during services and events.

Operational Insights

Givt's strategic considerations include differentiating itself through a user-friendly interface, a focus on anonymity and speed in the donation process, and the development of features like the Personal Giving Assistant to enhance user engagement. The company operates in a competitive landscape with several players offering similar services, but Givt's emphasis on simplicity and user experience positions it as a strong contender in the market.

Strategic Opportunities and Future Directions

Givt's strategic roadmap includes expanding its user base by targeting additional markets beyond the Netherlands, enhancing the Personal Giving Assistant to offer more personalized giving experiences, and exploring partnerships with larger non-profit organizations to increase the volume of donations processed through its platform. The company's current strengths in user engagement and technological innovation position it well to achieve these objectives.