Welcome to the fifth episode of the Elevator Pitch series 5!
Every week we publish a 30-second pitch from our Elevator Pitch winners.
These startups, chosen by a panel of expert judges for their potential to change the world, join an alumni group that includes the likes of YPlan, Hassle, import.io and Glow, and have to-date raised more than $86m.
In this series we took the founders on a ride unlike any other for the most exciting pitch of their lives.
Makerble tackles distrust in charities head-on so that people who want to give have one less thing holding them back.
According to the New Philanthropy Capital think tank, if people trusted charities, the extra amount that people would give each year would total £665m, which is the annual income of half of the charities in the UK.
Given that 70% of charitable income goes to the top 1% of charities, so says the UK government’s Charities Commission, there’s a huge long-tail of smaller charities desperate for funds to stay afloat.
Makerble bridges the trust gap between donors and charities by showing the projects that need funding behind each charity brand, the project’s progress and those people delivering the work on the ground.
Newsfeed for charities
Founded in 2013, Makerble calls itself the “newsfeed for charitable projects”, enabling givers to start a monthly subscription to fund the specific items that their chosen projects needs.
“Nothing brings you closer to the difference all your donations make,” says CEO Matt Kepple.
The company has a number of whitelabel deals currently in the pipeline, which will give relevant charities the transparency to tell their supporters what, who and why they’re parting with their cash.
Corporate to tech for good
The company’s angel investor and CTO Abhi Patel joined last year from Goldman Sachs in order to lend his expertise from the financial field.