According to multiple sources close to the deal, Amsterdam fintech startup Kinder has raised almost half a million of funding amid the ongoing pandemic. The company is all set to make official announcements in the upcoming weeks, informed the same sources.
While €500K might not be a mind-boggling amount, but the interesting part that was learnt from the sources was, “the company was aiming for €2.5 million to €3 million of funding round, but COVID-19 botched their plans and the investors had to postpone until the situation improves. So this was a transient, and they already have another round lined up for later this year. Basically, they’ll restart their conversations with investors shortly for the €3 million round.” Further, the sources didn’t reveal much about the investors.
Kinder is a tech-for-good startup that empowers global citizens to do good better. As the name probably reveals, the original idea was to make a Tinder-style app for charities. However, it quickly evolved in a platform that both serves as a quality mark, knowledge platform and tech stack for charities.
Recently, the Netherlands-based startup also announced a partnership with Rabobank Charity Management for their COVID-19 Appeal. Their COVID-19 Appeal allows philanthropists to donate to a general cause, rather than one organisation. Kinder’s vetting framework ensures the donation ends up at the good causes that qualify as ‘the best of the best’.
The Dutch startup claims to be the first platform that offers nonprofits research, fundraising tech and storytelling. Further, the company has raised €1.5 million in funding to date, was founded by serial tech entrepreneur Mathys van Abbe.
Main image credit: Kinder
News Credits: Dennis de Vries & Akansha Srivastava