Chariot

At Chariot, we are building modern, end-to-end payment infrastructure making donors' lives easier, and nonprofits' lives better. $500B gets donated to charity each year in the US and the existing technology/infrastructure was still built for our grandparents generation. Chariot is here to change that. We are currently backed by YC, Maveron, Spark Capital, SV Angel, and top-tier angel investors like Mike Massaro, Adam Grant, and Angela Duckworth. Our team is made up of passionate and talented individuals with prior work experience at Blackrock, Bain, Goldman Sachs, Palantir, and Forage (YC21). 🗽 We are fully in-person in New York City, which helps us maintain our extremely collaborative and caring team culture.Company OverviewOf the $500 billion donated to nonprofits each year, only about $60 billion comes through traditional “online” payment rails like credit cards. The other $440B move through “offline” processes and archaic systems. Not only is this bad system risky and slow, it creates tremendous operational burden at nonprofit organizations and deters total giving. One of the best examples of this is Donor Advised Funds (DAFs). DAFs hold $230B+ in charitable assets and are the fastest growing vehicle in philanthropy . However, millions of DAF users are stuck behind archaic login portals, emails, or even phone calls to make a donation. Even though these are savings accounts specifically designed for charity, you can’t use them to pay in any of the place you’re most likely to give (a nonprofit website, donation form, campaign page, etc.)Chariot built the first-ever integrated DAF payment option, DAFpay, which is now live with 52,000 nonprofits, dozens of fundraising platforms and over 85% of the DAF market by volume. DAFpay’s usage is averaging double digit month over month growth for the last 18 months and isn’t slowing down. Our customers include some of the largest and most well known nonprofits in the country like American Cancer Society, Susan G. Komen, March of Dimes, Pan-Mass Challenge, Memorial Sloan Kettering Cancer Center and Alzheimer’s Association. 💻 Check out our demo here and see our nonprofit advisory council . We are entering an exciting phase of growth and expanding our team to bring tens of thousands of nonprofits onboard while expanding our product capabilities to solve even deeper problems for the nonprofit sector.