SecureGive | October 03, 2022
Engiven, a leading cryptocurrency donation technologies company, announced that SecureGive, a leader in church donation management applications, has selected the Engiven cryptocurrency donation platform to provide a fully-integrated crypto giving solution for their ministry customers.
"SecureGive has been a pioneer in church giving technologies from the beginning, We're so excited to partner with them to provide their customers with a fully integrated enterprise giving solution to easily receive and exchange crypto donations via the SecureGive platform."
-James Lawrence, Co-Founder and CEO of Engiven.
SecureGive is leveraging Engiven's application programming interface (API) to integrate cryptocurrency donations with their existing giving methods, making it available to their base of more than 2,000 churches and ministries. Through the integration, SecureGive customers can quickly and safely add cryptocurrency donations to their existing SecureGive giving pages, which provides their donors with the ability to give more than 95 different cryptocurrencies.
"Since our founding in 2004, SecureGive has been on a mission to provide cutting edge giving solutions to churches and ministries. Through our partnership with Engiven, we're excited to offer our customers the opportunity to be on the cutting edge of this new and exciting asset class, which we believe will help them experience growth in their overall giving."
-Patty Baker, President, SecureGive.
When integrated into existing giving platforms and church management applications, Engiven's API framework provides an elegantly seamless and highly secure crypto giving experience for both nonprofits and their donors. Engiven's proprietary technologies provide a fully automated and highly secure transaction environment where crypto donations are verified on the blockchain, exchanged for USD, and deposited into the nonprofit's account while providing real-time reporting and donation receipts to create a smooth, end-to-end solution for giving platforms.
Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations. The Engiven platform provides a highly automated crypto giving solution that includes block chain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs. Engiven Inc. has achieved SOC 2 Type 1 compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations, also known as SSAE 18.
In 2004, Pastor Marty Baker realized his church needed to update their giving methods to incorporate current financial transactions. So, he introduced the world's first Giving Kiosk, and SecureGive was born. Since that time, SecureGive has developed into a robust, multiplatform giving system and a leader in church donation management applications, providing innovative giving software, expert growth strategy, and stewardship resources to ensure that their over 2,000 clients' churches and ministries experience giving growth. As the technology has progressed and the methods have evolved, SecureGive has remained dedicated to serving churches for the sake of growing ministry.
Purchasing Power | September 26, 2022
Today, Purchasing Power, a voluntary benefits company, announced an enhanced set of financial wellness services designed to provide its clients' employees with even greater financial support. These services complement the core Purchasing Power employee purchasing program by enabling access to highly actionable, timely financial wellness benefits made possible by strategic partnerships including:
Access to Financial Health Resources. Made available from Chicago-based social impact fintech company SpringFour. This service enables consumers to find vetted, local nonprofit resources that can help them address some of their immediate financial challenges including childcare services, utility costs, and food savings. It is provided at no cost to Purchasing Power clients and clients' employees.
Live Financial Counseling and Coaching. Powered by Working Credit NFP, a national nonprofit also based in Chicago. The program is designed to help consumers receive personalized advice to improve and build their credit. Counselors work with employees one-on-one by Zoom to help them learn how the credit system works and create a personalized Credit Action Plan to help them not only build and maintain a strong credit score but support them in meeting their holistic financial goals. Purchasing Power will offer Financial Coaching to employees of select clients.
"The reality is that U.S. workers continue to face uncertain financial times due to a varying degree of macro-economic trends, In many cases, this uncertainty affects a portion of the employee population that is often overlooked and struggling the most financially, Employers are facing their own set of challenges and need competitive, holistic approaches to financial wellness. In a recent study, we found that over seven in 10 full-time employees (72%) believe that employers have a responsibility to help employees improve their financial well-being, Through our partnership with SpringFour and Working Credit, we're aiming to close this gap by ensuring employers can provide immediate access to the financial tools employees need and want."
-Trey Loughran, CEO, Purchasing Power.
Using SpringFour, employees registered with Purchasing Power can be directly connected to organizations in over 25 categories, including food savings, rental resources, and heat/utilities support, to help address their specific financial needs. These no-cost referrals help provide access to financial aid, reduce expenses and provide a path toward greater financial health and security.
"We're thrilled to partner with Purchasing Power and to help many more individuals across the country find their financial footing. With access to SpringFour, more employers will be able to connect their employees with financial health resources that make a real difference in their everyday lives, Prioritizing employees' financial health is a win-win, creating happier, more satisfied employees and strengthening businesses – and we're excited to be part of this important, timely work."
-Rochelle Gorey, SpringFour Co-Founder and CEO.
With the addition of Working Credit NFP, employees will have access to credit building workshops and 12 months of unlimited one-on-one credit building counseling. They will have the opportunity to create a customized credit action plan including financial goal setting, progress checkpoints, budgeting support and credit building tips.
In today's economy, credit is foundational to financial health. From financing a cell phone, accessing rental housing, to purchasing a car – credit is key, said Morgan A. Spears, Chief Community Engagement Officer for Working Credit NFP. In fact, equitable access to the credit system has been a missing piece in many financial wellness programs. Working Credit NFP is committed to partnering with individuals and communities to interrupt structural racism by providing equitable credit education and one-on-one credit building counseling.
We are excited to partner with Purchasing Power to advance this mission. It is through such partnerships that we take concrete steps towards an inclusive and more equitable credit system so that people can truly thrive financially, she added.
Through a comprehensive, balanced approach to financial wellness that is relevant to employees' immediate needs, employers can mitigate employee turnover, expand employee equity, and enhance employee engagement, Loughran concluded. And employees get immediate access to the resources they need to reduce their stress and enhance their approach to financial health.
About Purchasing Power, LLC:
Purchasing Power, LLC, is an Atlanta-based voluntary benefit company celebrating more than 20 years as the leading employee purchase program for consumer products and services through payroll deduction. Helping employees achieve financial flexibility, Purchasing Power is available to millions of people through large companies including Fortune 500s, associations and government agencies. Purchasing Power is a Flexpoint Ford, LLC company.
SpringFour is the leading Certified B, social impact fintech company that gives financial institutions, nonprofits, and employers the tools they need to effectively empower consumers' financial health. SpringFour's innovative, award-winning suite of financial health products for organizations provides best-in-class, vetted, and customized financial resources to millions of customers. Trusted by top brands including Capital One, BMO Harris Financial Group, M&T Bank, Oportun, Avant, Self, Mission Lane, and more, SpringFour's consumer self-service and contact center tools enable customers to meet their financial needs, reduce household expenses, avoid payment delinquencies, and increase payment performance. More than 95% of financial institutions report that their customers experienced increased affinity for their brands after receiving a referral from SpringFour, and many SpringFour clients cite SpringFour as an integral partner in reaching their ESG goals.
About Working Credit NFP:
Working Credit NFP is a national nonprofit based in Chicago with a mission to partner with individuals and communities to interrupt structural racism by providing credit-building education, counseling, and access to the products necessary to thrive financially. We engage with values-oriented institutions to offer evidence-based credit-building education, financial counseling and coaching, and unbiased referrals to no- or low-cost credit-building financial products.
Rarebreed | July 16, 2022
Revelstoke Capital Partners (together with its affiliates "Revelstoke"), a private equity firm focused on investing in healthcare services companies, announced today that it has completed fundraising for Revelstoke EPIC Fund III ("EPIC III" or the "Fund") to support the growth of Rarebreed Veterinary Partners ("Rarebreed"), which Revelstoke recapitalized in December 2021. EPIC III, with $376 million of commitments, was substantially oversubscribed and is the third single-asset vehicle in Revelstoke's EPIC Fund series, which collectively totals over $1 billion in commitments. Since the firm's inception in 2013, Revelstoke has raised over $3.9 billion in equity commitments and has invested in 25 platform companies and 132 add-on acquisitions.
Concurrently with the closing of EPIC III, Rarebreed completed the acquisition of Revelstoke portfolio company Vet's Best Friend, establishing Rarebreed as a leading veterinary services platform in the northeastern United States. Upon the combination with Vet's Best Friend, Rarebreed now operates 118 hospitals in 11 states providing services spanning the full continuum of veterinary care, including general practice, urgent care, emergency and specialty. With Revelstoke's investment, Rarebreed is well-capitalized to pursue future growth through acquisitions, the opening of new locations and same store sales, all with a focus on increasing access to quality veterinary care.
"We appreciate the significant support from a global limited partner investor base in Revelstoke's EPIC Fund series. We are enthusiastic about Rarebreed's growth prospects and goal of becoming the leading veterinary services platform in the United States."
-Simon Bachleda, Co-Founder and Managing Partner of Revelstoke.
Anthony Hayes, Partner of Revelstoke, added, We are excited to continue to support Rarebreed's mission to reimagine the way veterinary medicine is delivered through exceptional patient care, outstanding client service and a continued focus on providing a differentiated employee experience to our veterinarian partners.
"Rarebreed has achieved significant growth over the years and we are excited about our plans as a diversified and technologically-differentiated veterinary services platform of scale, Capital from this new investment will be used to support our goal of accelerating our rapid growth through further acquisitions and the opening of new locations, as well as the addition of ancillary service lines, to best serve our communities by delivering veterinary care to more patients."
-Dan Espinal, Chief Executive Officer of Rarebreed.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services and healthcare technology sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $4.8 billion of assets under management. Since the firm's inception in 2013, Revelstoke has completed 157 acquisitions, which includes 25 platform companies and 132 add-on acquisitions.
Rarebreed is a technology-enabled operator of veterinary practices with the mission to become the employer of choice in veterinary care, one partnership and one team member at a time. Rarebreed prides itself on building trusted, lasting relationships with our partner hospitals, with goals to provide top-notch patient care, world-class client service, and an unparalleled work experience. Rarebreed continues to build a broad network of practices that values healthcare teams by offering them the tools necessary to grow, improve, and reimagine the veterinary experience.