Makes Payments on Social Media Instant, Viral and Secure.
GoodWorld is a social media payments platform going to market via the $360B charitable giving vertical. We’re created a seamless, simple and secure user experience enabling anyone to make instant, viral donations on social media with just a hashtag: #donate.
GoodWorld is one of Fast Company’s 2016 World’s Most Innovative Companies alongside Facebook, Warby Parker and Toms. Last year we earned “Best DC Tech Startup” at Tech in Motion’s TIMMY Awards at Capital One Headquarters, joining other Best Tech winners TripAdvisor, Venmo, Instacart and Contactually.
Our lead investor Nyca has investment partners that include Osama Bedier (Launched Google Wallet, former Head of Google Payments), Hans Morris (former head of Visa Payments) and Max Levchin (Cofounder PayPal). Existing Angel Investors include Chris Liddell (Former CFO Microsoft, GM and Current CFO WME-IMG), Katharine Weymouth (Former CEO Washington Post) and Tom Pouliot (Vantiv founding team).
The GoodWorld Advisory Board includes Kevin Roberts (Head of Saatchi & Saatchi Worldwide), and Adam Grant (Author, Wharton Professor and Behavioral Science Expert).
Since coming out of beta last May, we’ve built a scalable, secure platform and partnered with over 1,650 charities including some of the world’s biggest (United Way, Save the Children, UNICEF, PETA and Greenpeace, Oxfam, and USO).
Our early growth has been almost exclusively organic. We’ve seen a 300% increase in users since launching out of beta and we’re maintaining a ~20% CAGR month to month in donations, revenue and wallets (signed-up donors). We’ve processed over $875,000 in donations from more than 30,000 #donate pledges by over 17,000 unique donors since coming out of beta. 24% of our users are repeat donors with an average of over 1.9 donations per donor. Our rolling net revenue is over $2.86 and growing and our conversion rates are over 62% on Facebook.
We’re raising a late seed round of ~$1.25M on a convertible note (20% discount, $6M conversion cap). We’ve also partnered with DC Innovation Investment Program that will match any investment we receive in July and incentivize the investor with a 25% carry of proceeds.
Thank you for your support! We look forward to making a GoodWorld with you.
Named one of Fast Company World’s Most Innovative Companies in the Social Good Category alongside Facebook, Toms & Warby Parker
Named Washington DC’s Best Tech Startup 2015 at the Capital One Timmy Awards
Winner of 50 On Fire, a collection of companies, CEOs, startups and entrepreneurs that are driving the innovation economy.
$900,000 Donations through GoodWorld. 24.3% MoM CAGR, resulting in $2.86 net revenue per donor
1,650 strategic & charity partnerships including National Geographic, the NFL, UNICEF, United World Way & USO
D.C. Department of Securities, Insurance & Banking committed to match up to $975k of money raised on our syndicate
Out of Beta