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These 21-year-old dropouts raised $2M to build Givefront, a fintech for nonprofits [TechCrunch]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Ramp automated spend controls. Mercury rebuilt startup banking. But this wave of financial innovation has largely skipped one major part of the economy: nonprofits. Givefront , a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley's Aidan Sunbury , aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars each year, yet most still rely on outdated financial tools. Givefront believes that modern spend management, compliance, and reporting infrastructure—tailored to nonprofit realities—can unlock significant efficiency gains across the sector. Before starting Givefront, Tengtrakool experimented with a microloan aggregation startup in Nigeria. He later worked inside several nonprofits while studying computer sci
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