Ribon operates a gamified platform that enables users to donate to vetted social projects and charities without paying out of pocket, with donation amounts financed by Promoters (people and companies). Founded in 2016, the startup connects institutional donors and individual givers and directs funds to high-impact organizations such as Evidence Action and Living Goods. Since inception more than 300,000 people have benefited from donations on the platform; Ribon reports over 50,000 active users, 1,000 sponsors, and a team of 21 employees (expected to reach 30 by year-end). The company was recognized by the Bill & Melinda Gates Foundation as one of the 10 most innovative philanthropy solutions globally and was the only Latin American startup chosen. Ribon plans to expand into the crypto ecosystem, launching a governance token and moving to a DAO to manage the protocol later this year to support rapid internationalization. The startup aims to increase recurring donors worldwide and contribute to UN Sustainable Development Goal 1 (eradication of extreme poverty).

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022