Startups
Business development / Finance / Investing / Partnerships

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 HQ 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.

“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

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

How to encourage more healthcare entrepreneurship (and why that matters)

A year later, this Congress Heights retail space for Black founders continues serving up fresh food, apparel and beauty products

Howard University’s Black Commerce Conference doubles in size for its return on Juneteenth

Find out what type of heat wave you’re really in for with NOAA’s HeatRisk dashboard

Technically Media