GoFundMe to Acquire Non-Profit Giving Platform Classy.
MANews-(C)2009-2022
California-based online fundraising company GoFundMe has agreed to acquire California-based nonprofit fundraising software provider Classy, to strengthen position in giving across B2C and B2B firms, the company said.
Terms of the transaction were not disclosed.
The addition of Classy accelerates opportunities to service the USD 500bn US philanthropic market.
The acquisition will accelerate growth and create new opportunities to reach more people and organisations across the world.
Classy is a giving platform that enables nonprofits to connect donors with the causes they care about, empowering thousands of nonprofits to unlock the generosity of their supporters and helping them advance their respective missions.
In 2021, USD 1.1bn was raised by nonprofits on the Classy platform, bringing total all-time donations...
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