Contactless technology by Fintech hits £2 million
Charities embrace digital giving with contactless payments from GoodBox
The Manchester-based fintech start-up GoodBox has developed contactless payment technologies aimed at the charity sector. The company has recently announced, 700 charities have used their payment platform to generate over £2 million in donations.
After raising over £1 on the investment platform Seedrs, the company has been able to expand, offering its services to all charities looking to embrace new methods of giving via cards and smartphones. According to figures from WorldPay, over half (51%) of all in-store card payments are no longer chip and PIN.
WorldPay and Visa support GoodBox. Designing bespoke hardware and software, the company has developed a single point of payment to deliver an efficient payment method to service the £583 billion that is donated each year globally.
Lorna Poultney from Muscular Dystrophy UK says: “We held our 36th Microscope Ball at the Hilton Park Lane on Thursday 26th September and it was our first time working with GoodBox. We had GoodBox Core units on every table and were delighted that £7,318 in donations was raised on each table in just five minutes, increasing our pledged income by 85%. It’s clear that people prefer to use contactless compared to cash, making GoodBox a great new addition to the ball.”
With GoodBox CEO and Co-Founder Andrew O’Brien commenting: “Since the beginning, GoodBox has been driven by a very clear mission; to make charitable giving seamless across the UK. The steps we have taken over the last two years since our first Seedrs round has accelerated our ability to do this, and we are confident that this next round of funding will help us continue to deliver the most innovative technology, products and services to the sector.”
The GoodBox payment terminals have been used by a range of charities from the Red Cross to Children in Need. The Major of London also chose GoodBox to support the homeless campaign, installing 90 GBx Pro terminals across the city. And after the Natural History Museum installed its payment points, it saw a 64% (£1,000,000) increase in its income from donations.