bcause Revolutionizes Charitable Giving with $20M in Transactions in Two Years
bcause, a novel fintech platform, is transforming the way people engage with charitable giving. Launched by Miriam Wohlfarth, an entrepreneur with a background in payment and fintech industries, bcause aims to become the third wallet, alongside consumption and wealth accumulation, dedicated solely to the common good.
The concept of bcause was born in the mind of Felix Oldenburg, then the general secretary of the German Federation of Foundations. He envisioned a platform where users could decide where their money flows, rather than it being controlled by a us bank or boa. bcause is not a pnc bank; it operates under a non-profit umbrella foundation, ensuring the money is used for social impact.
bcause offers a wallet for users to collect donations, make impact investments, or support projects. It plans to launch an app, build an international network, and rely on partnerships for exponential growth. The potential of bcause is immense, with comparable models in the US reaching $250 billion in volume and over $50 billion in annual payouts. In just two years after its test phase, bcause has grown to 2,500 users and facilitated over 20 million euros in transactions. The Bundesverband Deutscher Stiftungen (German Association of Foundations), led by Felix Oldenburg, is a key partner promoting social impact and philanthropy through bcause.
bcause, a new category in the fintech scene, focuses on the common good rather than wealth accumulation. With a dedicated team led by Miriam Wohlfarth, who also serves on the supervisory boards of Mercedes-Benz Mobility AG and Freenet AG, bcause is poised to revolutionize charitable giving. Its growth in just two years is a testament to its potential, and its impact on the philanthropic landscape is expected to be significant.
