Goodworld lands $750K investment from Mastercard - Technical.ly DC

Business

Nov. 19, 2018 11:16 am

Goodworld lands $750K investment from Mastercard

Mastercard decided to invest in the DC-based fintech startup to further simplify digital giving while connecting people to the causes they care about most.
Goodworld cofounders  Dale Nirvani Pfeifer and John Gossart at Mastercard headquarters in New York.

Goodworld cofounders Dale Nirvani Pfeifer and John Gossart at Mastercard headquarters in New York.

(Courtesy photo)

D.C.–based Goodworld received a $750,000 investment from Mastercard to expand social giving efforts, according to the companies. Goodworld’s tech enables users to link their bank accounts to their social media accounts to send charitable donations in order to support social payments and philanthropy.

The 1776-based fintech startup launched in 2014 to facilitate donations via hashtag on social media channels like Facebook, Instagram and Twitter, and has attracted investment from the D.C. government in the past, Technical.ly DC previously reported. In December 2017, Goodworld was selected to participate in Mastercard’s Start Path program. With the the global initiative, the financial giant supports later-stage fintech startups as they continue to scale. This investment furthers the ongoing relationship between the two companies.

“We are thrilled to take our partnership with Mastercard to the next level and to work with them to make charitable giving frictionless, social and secure,” Goodworld founder and CEO Dale Nirvani Pfeifer said in the press release. “We are well aligned by our belief in doing well by doing good, and we could not ask for a better strategic partner.”

Michael Froman, vice chairman and president of strategic growth at Mastercard, said in a statement that the company decided to invest in Goodworld to inspire and simplify digital giving while connecting people to the causes they care about most. Goodworld already works with more than 3,000 charity partners including Save the Children, UNICEF, Compassion International, and ALS Association, the press release states.

Advertisement

“I’ve said it before, but it bears repeating today–working with Mastercard is a perfect fit for us across the board: technology, culture, and values. We appreciate their commitment to us, and we are excited to see what we will achieve together going forward,” Goodworld cofounder and COO John Gossart said in a statement.

Companies: Goodworld
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

WeDC Futures Forum defined a private-public vision for the connected DMV

How to bootstrap a fintech startup in an industry lacking structured corporate innovation

Revolution closes second Rise of the Rest Seed Fund with $150M to invest in early-stage companies

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Washington, DC

Quorum

Account Executive

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now

LMI Ventures’ new partnership aims to mitigate climate risks

Logi Analytics launched a partnership to better track Amazon rainforest fires

Halcyon Incubator is partnering with CareFirst to support healthcare startups

SPONSORED

DC

Escape the August heat with cool AI tech

Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

DC, SF, NY

Nava

VP of Engineering

Apply Now

Baltimore, Brooklyn, D.C., Delaware, Philadelphia

Vistar Media

Software Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!