Close

Jump to:

  • Navigation
  • Content
  • Footer
Givt hero image

Givt

Follow

Givt offers a solution to charities and parties dependent on donations through its innovative platform.

115%
 - 
Funded 24 Dec 2019
€600,004 target
€709,889 from 256 investors
More
Less

Business overview

Location Lelystad, Netherlands
Social media
Website www.givt.app
Sectors Finance & Payments Digital Mixed B2B/B2C
Company number 64534421
Incorporation date 11 Nov 2015
More
Less

Investment summary

Type Equity
Valuation (pre-money) €6.4M
Equity offered 9.82%
UK tax relief N/A
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 256
  • Discussion
  • Documents

Idea

Introduction

Advancement in technology has grown exponentially in the last decade. Therefore, it is no surprise we’re becoming more and more of a cashless society, with many relying on digital payment. This is affecting the traditional approach of charity and is just one problem amongst the many. Structural giving is declining as the population who give traditionally, grow older, which poses major problems in the future. The younger generation especially shows a decline in charitable giving.

So far, we’ve had a successful journey in the Netherlands: since our launch in 2017, we’ve gained 34,000 regular users, with 553 churches (15% of the market) and 117 charities connected to Givt.

In the UK, during the pilot in 2019 we had 16 churches and 2 charities using Givt. In the last week before the campaign went live, we've shown a growth of 274% in churches in only one week during our pre-launch.

Intended impact

Our mission is to transform the engagement between givers and charitable causes and bring the two parties to optimise the impact they collaboratively can have. We aim to become the standard solution for every type of donation: whether that’s busking on the high-street or charitable events.

We believe these are the eight giver’s needs:
• Anonymity
• Autonomy
• Speed
• Optimising the donation
• Universal Application
• Visibility of engagement
• Transparency
• Impact

Personal Giving Assistant

Our vision at Givt is to forge the bridge between technology and giving where users will be able to achieve philanthropic goals. Whether that is donating a certain amount a year, supporting specific causes or being part of a community. Givt will advise, monitor and notify the user about campaigns that will support their personal goals. We aim to solve the insecurities that come along with traditional fundraising. With Givt you will know whether your funds are actually going towards the cause. This makes you feel like you’re giving instead of paying.

Substantial accomplishments to date

Monetisation strategy

We currently generate revenue through weekly returns by receiving a fee on every donation we process. For this, we have initially focussed on building up a client base in the Dutch church market. These users are regular givers, providing stability to our revenue stream. They are also the most generous group in terms of the money they donate annually to charities.

With the development of the personal giving assistant, we will activate this generosity by connecting the givers with charitable goals that are relevant to them. With this, we plan to maximise the returns from our user base. We already have 117 charities using our solution and have generated users through major Christian and secular events.

Initial uptake in the trial phase in the UK indicates donations comparable to the Dutch market.

Use of proceeds

Our concept is proven to work in the Netherlands. With this investment we plan to do two things:

Key Information

Material Debt

The company has the following outstanding loans:

€1,951 loan from University Twente, Netherlands at an interest rate of 0% per annum. The loan is to be repaid in January 2020.
€13,328 loan from Rabobank, Netherlands at an interest rate of 0% per annum. The loan is to be repaid in June 2020.
€200,000 loan from shareholders at an interest rate of 8% per annum. The loan is to be repaid on 30th October 2023.

The funds raised from this investment round will not be used to repay these loans.

Open an account to get access to the team members of Givt

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Share on:

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Givt has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 23 October 2019 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from €6,390,003

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Republic Europe

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Republic Europe.

ContinueCancel