FlipGive, a Toronto, Canada-based cashback rewards and end-to-end fundraising solution for youth sports teams, closed a $5m CAD financing round.
The round was co-led by Thrive Venture Fund at BDC Capital and Framework Venture Partners.
The company intends to use the funds to further grow its direct-to-consumer app across North America, and to scale its new white label embedded cashback rewards shopping platform.
Led by Amy Halpenny, CEO, FlipGive provides a white label embedded cashback rewards shopping platform that enables companies in sportstech, schooltech, and causetech verticals to embed a fundraising-via-cash-back model into their offering. This enables a new source of revenue for sportstech, schooltech, and causetech companies.
The company, a certified Beneficial Corporation (B-Corp), simplifies youth sports fundraising. With over 800 brand partners, a percentage of every dollar shoppers spend via FlipGive goes directly to the team as a cashback reward. To date, the company has given back over $50M.
FinSMEs
31/08/2023