Chariot Analysis: $3M Raised
What is Chariot?
Chariot builds payment infrastructure for nonprofit giving, including donor advised fund payments, gift processing, and grant disbursements. The company says it unifies, enriches, and syncs offline gifts through products built for donors, nonprofits, and fundraising platforms. Chariot also says it supports tens of thousands of nonprofits and has moved hundreds of millions of dollars.
Location
New York, NY 10019, US
Employees
11-50
Founded
2022
Business Model
Facilitates donations via DAFs, charging fees for transactions and services.
Investors
- Maveron
- Spark Capital
- SV Angel
- Y-Combinator
Product Features & Capabilities
- Donor Advised Fund payment option, seamless integration for nonprofits, interactive demo for DAFpay, case studies showcasing successful implementations, monthly newsletter for updates, educational webinars on DAFs and fundraising strategies.
Pricing
- No subscription necessary to start improving DAF fundraising.
- Premium plans starting at $950/month for large nonprofits.
- Standard processing fees of 2.9% apply.
- Zero DAFpay processing fees for premium plans.
- Free DAFpay volume included in every plan.
How much Chariot raised
1 - $3.25 million
September 2, 2022Lead Investor: Not specified in the sources.
Who are the founders of Chariot
Market Focus
Chariot primarily focuses on the nonprofit sector, specifically providing a platform for facilitating donations through Donor Advised Funds (DAFs) to enhance fundraising efforts.
Competitors Overview
Chariot's main competitors in the nonprofit donation platform market include:
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Zeffy: Zeffy is notable for being the first and only zero-free fundraising platform, which allows nonprofits to minimize costs associated with fundraising. This can be a significant advantage for organizations looking to maximize their donation revenue. In contrast, Chariot provides access to Donor Advised Funds (DAFs), which can appeal to nonprofits seeking to tap into a larger pool of charitable funds.
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Givebutter: Givebutter is another competitor that has a strong user rating of 4.8 based on 845 reviews, while Chariot has a perfect rating of 5.0 from 10 reviews, indicating higher user satisfaction for Chariot. Givebutter offers various fundraising tools and features, but the specific advantages of Chariot lie in its integration with DAFs, which may not be a primary focus for Givebutter.
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DonorPerfect: This platform is well-regarded in the nonprofit sector and offers comprehensive donor management features. While specific advantages over Chariot were not detailed, DonorPerfect is a strong competitor in terms of functionality.
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SignUpGenius: This platform is primarily focused on event management and volunteer sign-ups, which may not directly compete with Chariot's DAF integration but serves a similar nonprofit audience.
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Bloomerang: Known for its donor management capabilities, Bloomerang is another competitor that focuses on helping nonprofits retain donors, which is a different approach compared to Chariot's DAF-centric model.
Overall, while Chariot offers unique access to DAFs, competitors like Zeffy and Givebutter provide different advantages, such as cost-effectiveness and user satisfaction, respectively.
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