Home Insight Funding Alert Fintech Startup Giverly Secures Pre-Seed Funding Led by iAngels Network

[Funding alert] Fintech Startup Giverly Secures Pre-Seed Funding Led by iAngels Network

[Funding alert] Fintech Startup Giverly Secures Pre-Seed Funding Led by iAngels Network
[Funding alert] Fintech Startup Giverly Secures Pre-Seed Funding Led by iAngels Network
Giverly, a platform for social impact and payments that is part of IA Impact Labs, has secured a pre-seed funding round led by iAngels Network, a venture capital firm affiliated with India Accelerator.

Giverly, a platform for social impact and payments that is part of IA Impact Labs, has secured a pre-seed funding round led by iAngels Network, a venture capital firm affiliated with India Accelerator.

In addition to iAngels Network, experienced angel investors and corporate leaders also participated in the funding round, as per reported by The Economic Times.

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Sagar Menon- Co-Founder and CEO, of Giverly said in a statement, “Today we celebrate not just the successful fundraising, but the belief and trust that our investors have placed in our vision. We will use this capital to continue building a company that not only delivers value to our customers and stakeholders but also creates a positive impact on the world. Thank you to our investors for joining us on this journey of growth and impact”.

Giverly, which is part of the Best Accelerator in India (awarded in 2021 by the National Startup India Awards), intends to utilize the recently raised funds to bolster its technology platform, enhance its brand positioning, and expand its leadership team.

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Manvi Mehra, Co-founder and CBO, Giverly said, “We are beyond grateful for the kind of investors who have supported us as part of the pre-seed round. They are all industry leaders, bringing not just financial but also intellectual capital on board. The belief of such seasoned and experienced individuals in our vision only strengthens us to work harder, and we are confident that it’ll be an extremely fulfilling journey for us all!”

Giverly was established in 2022 and provides pre-paid debit cards powered by VISA in collaboration with Transcorp International Limited. These cards allow users to donate to important social causes in India without any additional fees. Giverly’s pre-paid cards also come with a range of exclusive discounts and offer on various fashion brands, dining venues, travel, and entertainment. Giverly addresses the issue of doubt surrounding donation platforms and aims to combat negative perceptions in this area.

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Commenting on the investment, Munish Bhatia, Co-Founder, of India Accelerator and IA Impact Labs said, “As a company, Giverly has a clear mission to make a positive impact on society. The company is empowering individuals and organizations to make a difference in the world and we are happy to be a part of their journey. We’re excited to support Giverly’s vision and look forward to seeing the positive impact it will have on the communities”.

About Giverly

Giverly is a Cashback-Charity platform that converts everyday monetary transactions into meaningful donations towards some of India’s most pressing issues. Launching prepaid debit cards to encourage regular cashback-charity transactions, they have partnered with over +1000 brands to offer exclusive deals and experiences to all their users.

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