Beta.mn Blog

Meet the 2019 Spring Cohort: Fundra

Written by Admin | Apr 8, 2019 2:36:34 PM

Fundra

Fundra helps nonprofit organizations increase contributions by offering its donors greater transparency into key financial reports, budgets, and performance metrics.

Tell us the story of how and why you started your company.

Fundra was created with the idea of building trust with donors through financial transparency. About a year and a half ago, our team saw a need to help nonprofit organizations with building and securing trust with their donor community. Unfortunately, there wasn't a solution in the market to help our clients report on their financial needs. Our clients wanted to engage their donor base by sharing key financial reports, budgets, and performance metrics with the goal of increasing overall trust and contributions.  

What's your most recent success or milestone hit?

We recently helped one of our local customers go live on the Fundra financial fundraising, reporting, and budgeting platform! In less than two months, our customer has seen an increase in their donor base while helping their board develop strategies to optimize their funding through transparency and accountability!

Where do you see your startup in 1 year?

Our goal is to have 35 nonprofits live on the platform by the end of this year. More importantly, our goal is to increase the engagement of financially driven donors for each of our clients by 15%. We are still working through these metrics with our customers but are very excited about the financial partnership we aspire to build with the local nonprofit community in Minnesota!