A serial entrepreneur, Dominic Kalms helms a fintech start-up that has adapted the Buy Now, Pay Later model to spur greater charitable giving through a pioneering Donate Now, Pay Later fintech product called B Generous. I spoke at length with Dominic about this effort to “do well by doing good.” (Interview edited for length and ...
Then, in August 2022, start-up B Generous introduced its “Donate Now, Pay Later (DNPL)” platform. It is “a revolutionary new tool allowing donors to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan™ (PoDL).” Read More
Buy now/pay later loans boomed during the pandemic as BNPL fintechs introduced a turnkey way for consumers with little or no credit to make purchases online, creating a phenomenon that continues to have major repercussions. Some setbacks have cropped up for big BNPL fintechs like Affirm and Klarna, which have undergone sharp market devaluations in ...
B Generous has launched Donate Now, Pay Later, a donor-focused fundraising loan tool that enables funders to designate philanthropic donations that are immediately given to a nonprofit, but paid for by the funder over time. For tax purposes, funders are given a receipt for the lump-sum donation. Read More
Tech startups have many traits that set them apart from larger, more traditional businesses. Lean operations and a focused approach to meeting the needs of customers has become a proven strategy for tech startups, showing that breaking out of the mold is worth the extra effort it requires. Adopting the habits and flexible mindset of ...
Conversation with Dom Kalms, the CEO and Founder of B Generous. B Generous allows for donors to donate now, and pay later. We discuss how this technology works, how nonprofits get money upfront and donors are allowed to pay back the loan interest-free over 9 months. There are new giving opportunities that are opened up ...
It’s no surprise that charitable giving is down in the US right now -- not when high prices have diverted consumers’ attention and dried up possible sources of donation cash. Just how bad is the U.S. charitable giving drought? Consider that fewer than half of all U.S. households give to charity, falling from 66% in ...
Let's say you want to donate to a nonprofit that's meaningful to you. But you don't have the extra funds to do it now. So, you might wait until later in the year or not donate at all. A new fintech platform has created a way for you to donate and then pay the commitment ...
Buy now/pay later lending is normally associated with the point-of-sale loans that consumers use to finance large purchases, though a startup contends the idea can also be deployed in other ways, such as boosting funding for nonprofits. "The problem that nonprofits have is liquidity," said Dominic Kalms, founder of the fintech, B Generous, which uses ...
Los Angeles–based B Generous, a self-described “fintech for good” platform, has launched Donate Now, Pay Later (DNPL), a new tool it says allows donors “to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan™ (PoDL). Using Donate Now, Pay Later™, B Generous says the nonprofit receives ...