Crowded offers a digital banking platform specifically designed for nonprofit organizations, enabling them to manage dues, donations, and expenses through a unified account system. The platform simplifies financial oversight by providing features such as online payment collection, digital debit cards for shared expenses, and tax compliance services, eliminating the need for multiple financial tools.
Funding
$13.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Nonprofit organizations often struggle with managing finances due to outdated systems, manual processes, and the need to use multiple platforms for banking, payment collection, and compliance. This can lead to inefficiencies, errors, and difficulties in maintaining tax-exempt status.
Solution
Crowded provides a digital banking platform tailored for nonprofit organizations, consolidating payment collection, expense management, and compliance tools into a unified system. The platform offers features such as online payment collection via shareable links, digital debit cards with spending controls, and AI-assisted tax compliance services, including Form 990 filings and EIN support. By automating financial tasks and providing a centralized view of funds, Crowded helps nonprofits streamline operations, reduce administrative overhead, and maintain financial transparency. The platform also supports digital officer handovers and integrates with other platforms commonly used by nonprofits.
Target Audience
Crowded primarily serves nonprofit membership groups, including fraternities, sororities, booster clubs, sports teams, and other organizations that require efficient financial management and compliance tools.
Features
- Online payment collection with trackable payments and multiple payment methods
- Digital banking accounts with no minimum balance or monthly fees
- Digital debit cards for transparent expense management with customizable spending limits
- AI-powered Form 990 filings to maintain tax compliance
- EIN creation and retrieval services
- Digital officer handovers for seamless transitions
- Per Diem accounts for expense management, budgeting, or payroll
- Mobile POS for in-person payments