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Revolutionizing Charitable Giving: Donor Network Boosts Transparency & Impact: Chase Harmer #5999 · Financial Survival Network

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  When these wishers are in our system, they create a story for whatever their
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  need is. Johnny broke his arm, or you know, hey we need
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  food for the family, or hey we need ride back and forth to work.
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  Whatever that cause or crisis is, they can instantly go to that shopping
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  portal which has every major retailer United States in their Walgreens, Walmart, Amazon,
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  you know all the ones. They can instantly go in there spending those
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  funds same day, and you can get full reconciliation as a donor, so
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  you always understand the impact that your transaction made, the impact that your dollar's
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  made. And I think that's really the connection that's missing inside of the charitable
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  giving spaces. When you give, you actually really never know what happens to
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  the money. You are listening to Carrie Letz's Financial Survival Network, where you
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  get valuable information you just can't find anywhere else to thrive in today's trying times.
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  You need the Financial Survival Network now more than ever. Go to Financial
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  Survivalnetwork dot com and get your free newsletter and gift. Financial Survival Network work
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  now more than ever, and welcome. This is Financial Survival Network and I'm
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  your host, Carrie Lutz. Well got interesting guests on today. I think
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  you really appreciate what he's doing and really opening up the world of charitable giving.
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  Name is Chase Armor, and Chase great to have you on the show.
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  So man, thank thanks for having I guess your background we should talk
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  about because it's directly connected to what you're doing now. So you created,
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  I guess, a platform, a network processing transactions. You process, you
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  know, billions and billions. You sold out, I think it was called
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  pay Certify. Was your old company, sold out from five billion? And
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  now now you're trying to make the world a better place. Great, trying
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  to make up a little better place. That's what it's all about, leaving
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  a legacy behind you, you know. So how are you doing that?
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  Explain to most donor network effect somebody it's under network, right, Yeah,
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  Well, I mean I think it's both sides. So I approached it from
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  the donor side because I was giving, and I never understood the impact of
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  any money that I was ever donating to any charity, any cause, any
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  crisis. And I was really kind of sick of every grocery store asking me
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  for money when I checked out at their pos and never understanding where those dollars
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  were going. So I really just wanted transparency what was going to impact,
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  what was going to addmin to always understand what that my dollars were always going
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  to something that mattered, you know, not some desks or an office building
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  somewhere. And so that's really what I was trying to solve. And how
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  we did that is we created an ecosystem which kind of tipped to tail like
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  donations in all the way to the how those were being spent. And we
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  essentially turned donations into virtual credit cards. So everyone's familiar with using credit cards
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  and even on their digital wallet. The great thing about using a credit card
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  you always understand the money. At the end of the day, when you
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  go to the grocery store and spend twenty bucks, you could see it instantly
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  onside of your reporting portal on your credit card. So that's the think about
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  creating ledgers is we're able to transparently show the dollars and dollars out. So
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  when people donate to a cause, crisis or a category specific need like growth
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  frees, hotel, ride share, whatever, maybe have you, what happens
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  is those dollars come into our platform through a five o' one C three public
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  charity. So you instantly get that tax deductible a receipt, which you can't
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  get anywhere on any other crowdfunding platform in the market, because if you try
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  to use platform like GoFundMe or any other platform, they're four prop companies and
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  so they're not able to give you tax deduction on an individual donation or a
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  charitable donation through their platform. So through our platform you get the tax deductible
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  receipt. We turn that into a credit card, which is digital, and
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  it's sent directly to that cause, crisis or charity. And then because where
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  the card issue or with a master card, we actually can see where those
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  donations are spent, how they are being spent, and we can admit it
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  immediately give access to those funds instead of our shopping portal. So if you
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  think about like Apple, the Apple store, like the Apple store inside of
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  the App store, like on your phone, it's basically like that, except
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  with every major retailer in the United States. So when these wishers are in
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  our system, they create a story for whatever their need is. Johnny broke
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  his arm, or you know, hey we need food for the family,
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  or hey we need right back and forth to work whatever that cause our crisis
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  is. They can instantly go to that shopping portal which has every major retailer
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  the United States in their Walgreens, Walmart, Amazon, you know, all
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  all the ones. They can instantly go in there and spend those funds,
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  you know, same day, and you can get full reconciliation as a donor,
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  So you always understand the impact that your transaction made, the impact that
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  your dollar's made. And I think that's really the connection that's missing inside of
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  the charitable giving space is when you give, you actually really never know what
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  happens to the money. Yeah, you know that's mean giving, right,
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  It's like the connection's gone, you know, like why do you give?
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  What do you give? If, like you help, you have this emotional
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  connection to a causer crisis, but if you never know what happens afterwards,
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  Like you know, where's the connection? You know? Yeah, It's like
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  you send all this money to the Red Cross, you know, because there's
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  been a calamity, a Hurricane Katrina or a Hurricane Andrew, and they're getting
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  tons of money from the government, and then you never know where your money
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  went. And then you find out later, oh they had it just went
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  into the general funds and they just pay stuff out of it, and we
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  don't field how to betrayed on that right you feel like and then take it,
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  Well, that's the reality is that you know, when there's a causer
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  crisis, those are major raising dollar opportunities, but those dollars don't actually go
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  towards that aid. You know, it goes into a general fund because a
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  funds and already there to be deployed. So if you wanted to help someone
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  in crisis or in and actually know that you help that person, there is
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  no way to do that today outside of what we created because and there's no
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  way for charities to actually show you what your dollars went towards, right,
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  because it all goes into like a big fund, right, so your dollars
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  are never right exactly huge buck and it's impossible to reconcile your twenty dollars or
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  your thousand dollars or your five hundred dollars what would it actually went to?
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  Right, And so I think we were solving that problem for donors so they
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  can always feel good about their transactions. But then always understand that, you
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  know, if you're trying to make a difference for one specific thing or you
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  know, one cause or crisis, and you know you could actually make that
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  difference and actually feel great about what you did. Yeah, I mean that's
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  like I love it because I always feel like, you know, why send
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  to the Red Cross, Because like you said, where's that money going?
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  It's like it's probably it's going to have no relation to why you think you're
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  giving it, you know, So that's actually true. And you know it's
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  not like they're a bad organization. You know, they're they're a very very
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  large organization, you know, but there's really trees truly no way for there's
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  no tools out there or or platform that can actually help enable this type of
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  insight. And I think that's really what we're bringing into the market is to
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  help those organizations not only raise money transparently, but actually give impact, give
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  impact reporting back to those donors. And I think it helps them raise funds
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  because you know, it helps them raise fund number one, but it also
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  gives donors one singular platform where they can donate anywhere. It always get that
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  tax deductability even if those even if those charities or causes or crisis don't have
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  the ability to provide that tax ability reporting back you can have you can house
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  all your tax deductibility reports all in one portal. And it also works almost
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  like a donors advised funds. So if you think about how a donor advised
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  fund works too, if you put money into a donor advised fund, you
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  really never know where those dollars goes, how those impact is going. But
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  you also get the advantage of a donort device fund is you give that tax
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  deduction right away, right no matter even if you decide to allocate those dollars
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  six months or eight months down the line. In our platform, you can
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  actually put that those dollars to work at that tax deductability immediately, and then
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  when a crisis happens, you can immediately deploy that capital to that crisis or
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  impact, so you can get that tax deduction right away. You could sit
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  there on the balance cheat up your thing, and then you can actually direct
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  those funds later. So it works like that as well, So very cool.
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  Like I think it's going to give smaller charity as an opportunity where you
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  do get that immediate response where there are actually in the trenches. It'll enable
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  them to raise money that they would never otherwise be able to well, sure,
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  and if you think about if you're a new nonprofit, it's almost impossible
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  to raise dollars as a new nonprofit without any track record history, right.
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  So this allows new nonprofit with a great mission behind them to actually raise more
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  dollars more effectively because donors always understand where those dollars are going, so they
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  could give a nonprofit a change. If you think about it as a nonprofit,
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  if you're getting dollars from anyone and then you cope back to you're going
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  back to them later to say, hey, we need more money, right,
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  how how does it it doesn't help you to not be able to show
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  where those dollars went before. You know, it really gives you a lot
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  of leverage when you can say, hey, look at what we did with
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  your money last time. We'd love for you to participate this time. It's
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  important. It really makes it easier for them to raise more dollars. But
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  donors to really always have that confidence that that trust is there. Kind of
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  a fund of funds approach here, but you're actually controlling where the funds go
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  once you put them in. They had to come up with this concept,
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  you know, I came from that I've been in fintech for you know,
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  as long as I've been young adults since ninety eating them forty four now,
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  and so I kind of built been on both sides of the equation in the
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  payment system. And you know, I was one of the pioneers and site
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  of the virtual credit card space that became obsessed with the whole economy of the
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  transaction. If you think about how it works in business, every purchase,
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  what was a sale before that, right, So there's wholesalers, there are
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  suppliers, There's a whole economy chain in a transaction that happens when a consumer
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  bisor product. There's suppliers that need to get paid. There's there's product that
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  needs to get bought. There's like four different there's four different people involved in
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  that transaction on the back end that make that product purchase a reality. And
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  I think I became obsessed with that, and then I said, I can
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  beak the whole economy for a donation transaction and solve the problem the biggest problem
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  that exists inside of the charitable giving space, which is nobody understands where the
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  money goes, and it's a black box. You know, we can open
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  up that black box and show that transparency, and there's a way to do
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  it, and it just took financial and a fintech innovation to make that happen.
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  And so we basically broke the held system of how money used to flow
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  and we created and do use system that's completely on credit card rails and bake
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  rails that make allow that allows us to kind of build this infrastructure that creates
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  transparency but doesn't doesn't change consumer behavior. So we're all used to basically making
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  purchases and acquisitions this way, so we're not changing user behavior. We're just
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  changing the infrastructure that processes those transactions and makes those transactions transparent. All right,
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  anyway, fascinating, So where do we find you? How do we
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  connect to with to go on the limp? Yeah, you can get us
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  at wishes dot eg. If you go to wishes dot im and see you
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  can get on the waiting list or we are we are super close to launch.
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  We've been building this for about a year and a half and uh yeah,
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  I mean super super excited about the product, super excited about where this
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  is going to be changing charitable giving. And if you want to find me
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  directly, you can get me a Chase at Chase Armer on LinkedIn. I'm
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  always available to answer questions or look up for link for LinkedIn for so search
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  partnerships as well. So all right, really exciting. Wish you the best
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  on this and I'm going to check it out myself. Got a question for
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  Chase myself, shoot me an email k l acrylots dot com and the link
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  to this site is in the show notes this interview on Financial Survival Network dot
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  com. While you're there, sign up for your free newsletter, Chase.
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  Wish you the best and we'll be following your progress. Thanks Sar, thanks
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  for listening to Carrie Letz's Financial Survival Network, your solution to today's trying times.
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  For the latest, go to Financial Survivalnetwork dot com. Financial Survival Network
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  now more than ever