Brazilian socialtech startup Ribon App has built a platform that offers a gamified experience of charitable giving, enabling individuals to donate to a charity without taking money out of their pocket, while increasing institutional donations by up to 60%. Ribon’s business model is unprecedented – which is why the startup was the only one in Latin America recognized as one of the 10 most creative and innovative digital solutions for every day giving in the world by the Bill & Melinda Gates Foundation –and was born aiming to change how Brazilians practice philanthropy. Ribon has just closed a $3.5 million (about BRL 20 million) post-Seed round led by Valor Capital Group and followed by venture capital firms BITKRAFT Ventures, Kenetic, Flori Ventures and 2TM, Mercado Bitcoin’s parent company, as well as angel investors such as Gabby Dizon (CEO of YGG) and Fernando Martinelli (CEO at Balancer). Read the full LABS News article through the link in the comments below. ?? #fintech #fintechnews #startup #fintechstartup #startupfunding #latam #funding #fundinground #seedfunding #investors #investment #financialtechnology #financialservices
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