Giving Platform Overflow Secures $20 Million

<p><strong>SAN FRANCISCO <&sol;strong>&&num;8212&semi; Overflow&comma; which helps non-profits raise donations easier&comma; has closed a &dollar;20 million Series B funding round&period; Wesleyan Investment Foundation led the strategic round and is joined by existing investors including Uncork&comma; R7 and TheGP&period;<&sol;p>&NewLine;<p>Overflow empowers churches&comma; nonprofits and donors alike by creating products that make giving frictionless and elevated through a full suite of cash and non-cash giving&period; The company is on a mission to inspire the world to give by revolutionizing charitable giving and democratizing innovative financial solutions to the philanthropic sector&period;<&sol;p>&NewLine;<p>Overflow&&num;8217&semi;s relentless pursuit involves making charitable giving seamless and secure&comma; while also saving their customers money&period; The new investment will enable Overflow to scale towards its wider mission of becoming the financial operating system for the faith space and beyond&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With this latest round of funding&comma; we are now positioned to expand beyond our core giving solution to new product areas such as spend management – a sort of &OpenCurlyQuote;Brex for Churches&comma;’” said Vance Roush&comma; Founder and CEO&period; &OpenCurlyDoubleQuote;Our goal is to establish a full financial suite of solutions to save church and nonprofit finance teams time and money&period; Additionally&comma; being able to consolidate an organization’s financial activity into one platform allows for greater access to actionable insights and opportunities for additional financial products like growth lending&period;”<&sol;p>&NewLine;<p>Given its origins&comma; Overflow is positioned to fulfill its vision of redefining generosity for the digital age&period; Since its inception&comma; Overflow has been committed to the transformation of the giving landscape with an initial mission of introducing the sector to seamless stock donations&comma; the most underutilized yet highest-leverage fundraising avenue&period; Through this work&comma; Overflow has bridged the gap between charitable organizations and their donors&period; The platform&&num;8217&semi;s innovative approach has seen an average stock donation of &dollar;12&comma;979&comma; a staggering 100 times larger than the national average cash donation&period; The platform now boasts over 240&comma;000 users and is on track to eclipse 1M this year&period; Overflow did not stop with stock donations though&comma; and now in under 4 years boasts the most comprehensive giving solution in the industry including ACH&comma; Card&comma; Stock&comma; DAF&comma; Wills&comma; Crypto&comma; Apple Pay&comma; Venmo&comma; CashApp&comma; Google Pay and PayPal giving all through one &OpenCurlyQuote;easy button’ integration&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The Wesleyan Investment Foundation has a long 78-year history of serving the financial needs of churches which act as the backbone of communities&comma;” said Norwood Davis&comma; president at Wesleyan Investment Foundation&period; &OpenCurlyDoubleQuote;Overflow is deeply aligned with that mission&comma; and empowers so many churches&comma; nonprofits&comma; and other charitable organizations as well as the communities they serve&period; As the financial needs of churches shift to meet tomorrow’s opportunities&comma; we’re excited to combine the strength of WIF’s balance sheet with Overflow’s innovation&period;”<&sol;p>&NewLine;<p>Overflow&&num;8217&semi;s commitment to serving churches&comma; nonprofits&comma; and donors has attracted over 450 leading organizations to its platform&period; Entities like the Golden State Warriors Community Foundation&comma; Church of the Highlands&comma; VOUS&comma; Zoe Church&comma; The Belonging Co&comma; VIVE&comma; Reality SF&comma; and Convoy of Hope are among the prominent names benefiting from Overflow&&num;8217&semi;s disruptive technology&period;<&sol;p>&NewLine;