Overflow: A Startup Aiming to Simplify Charitable Giving Raises $20 Million

Published 17 days ago

Overflow, a startup conceived to ease charitable donations, has successfully raised $20 million in a Series B funding round. The funding round was spearheaded by the Wesleyan Investment Foundation, known for providing financial support to churches and church-related organizations.

The Journey of Overflow

Overflow was launched in 2020 with the initial purpose of facilitating stock donations to churches and non-profits. It has evolved to include a diverse range of payment options such as ACH, card, DAF, Wills, crypto, Apple Pay, Venmo, CashApp, Google Pay, and PayPal. The platform’s ‘easy button’ integration makes the donation process straightforward and convenient for users.

The platform currently boasts nearly a quarter-million users and approximately 450 organizations. Among the organizations using the platform are the Golden State Warriors Community Foundation, American Cancer Society, Life Church, Church of the Highlands, and Convoy of Hope.

Expansion Plans for Overflow

With the fresh funding, Overflow aims to expand its services beyond facilitating donations. CEO Vance Roush, a pastor and former Google employee, has revealed plans for the startup to offer a suite of financial products to churches and non-profits.

The new round of funding puts Overflow in a strong position to broaden their horizons beyond their primary donation service. Roush envisions creating a full financial suite of solutions akin to a “Brex for Churches” that would aid church and non-profit finance teams by saving them both time and money. As a result, Overflow could become an even more essential tool for these organizations, further simplifying their financial management.