Can Fintech Solve Nonprofits Liquidity Issues?
By Rhett Power Contributor
Co-Founder Accountability Inc.,Author, MG100 Executive Coach
The global philanthropic market is worth about $1.5 trillion. In the US, there are 1.7 million nonprofits getting about $471 billion, which means Americans are giving over $1 billion a day. The question is why then do most nonprofits still struggle raising money?
Dominic Kalms a venture-backed fintech entrepreneur and years of experience dealing with nonprofits and is aware of the gaps. “It’s actually a problem of liquidity because 40% of donations to nonprofits come in October, November, December. So, for the first three quarters of the year, there are a lot of nonprofits that are trying to do capital raising campaigns that don’t have as much success as they should.”