TapSimple investment round raises £900,000

Funding | Technology
TapSimple co-founders Alex Coleridge and Tom Montague
TapSimple co-founders Alex Coleridge and Tom Montague

TapSimple, the fundraising platform developed to support charitable fundraising, has raised £900,000 in an investment round. Investors in this round included Ecclesiastical, Lord Michael Spencer and Dominic Burke.

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The news comes after TapSimple announced its support of Lidl with fundraising efforts for the NSPCC, by supplying their contactless fundraising technology. The NSPCC is amongst other TapSimple clients, including Macmillan and Christian Aid.

TapSimple first launched in 2018 with the ‘Clip’ a device that facilitates contactless and chip and pin donations when paired with the app. Last year, TapSimple developed further by launching a virtual events platform including video conferencing, ticketing, and online donations services.

Alex Coleridge, co-founder at TapSimple, commented: “This raise confirms that now is the time for charities to embrace technological innovation and make charitable giving more accessible. As the fundraising environment changes, and consumer behaviour shifts, charities who adapt now will be in the best position to thrive.

Tom Montague, co-founder at TapSimple, added: “We are very excited to be unlocking digital donations so these charities can continue to make hugely positive contributions to society. It is great to see the sector attracting investment at a time when new technology can make such a major difference for fundraisers.”

Charles Outhwaite, Chairman of TapSimple, said: “It’s testament to the team at TapSimple led by Alex and Tom that the business has achieved its product milestones well ahead of forecast despite the obvious challenges in 2020. With 5 of the UK’s top 10 charities already using TapSimple’s suite of services we are well on our way to be the leading supplier of fundraising solutions to the voluntary sector.”

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