Ribbon offers a software platform that bundles banking, accounting, fundraising, and organizational tools for people and organizations conducting charitable work under the umbrella of a fiscal sponsor. Its fiscal sponsorship model lets users partner with existing 501(c)(3) organizations to operate using the sponsor's tax-exempt status. The company positions its product as a faster, lower-cost alternative to creating a new nonprofit, saying it can enable tax-deductible donations almost instantly and simplify compliance. Ribbon cites a large addressable market, noting there are 1.6 million registered nonprofits in the U.S. and growing demand for easier access to charitable tools. The company intends to leverage Open Banking APIs to connect financial services into the nonprofit sector and says its fiscal-sponsorship product will be the first to enable that. Ribbon has raised $2.7 million and is based in Austin.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022