Maanch facilitates funding using the UN Sustainable Development Goals
by Startacus Admin
The lowdown on Maanch, the digital platform that is innovating in the charity fundraising sector, facilitating funding to worthy projects using the UN Sustainable Development Goals.
We have written several articles recently around the subject of charity and startups looking to improve various aspects of it, including (subtle plug) Thriftify and One Step Closer. People are ever more wary of charitable giving, because we are vaguely - but not clearly enough - aware that our money often does not always make it into the hands of those who actually need it. We need to either be able to implicitly trust the charity to which we are giving, or have an intermediary that can be trusted to ensure everything is as it seems.
London-based startup Maanch can be that intermediary. Maanch says that it is transforming philanthropy as the first online platform to enable effective funding and receiving through automated impact measurement based on UN SDG metrics. We’ll take their word for that bit.
Their algorithmic base provides a global measurement and matchmaking tool that allows them to facilitate funding between Funders and Receivers, and to automate impact measurement to encourage intelligent grant-making, effective communication, and diligent performance.
Just like if you were doing the research yourself, you can search for Receivers by location, the kind of work they are doing, and social development goals (a UN blueprint for the future that encompases the like of poverty, inequality, climate, environmental degradation, prosperity, and peace and justice), and shortlist them, compare them to each other, and whittle down your choices until you have the perfect match. And because Maanch employs a singular impact measurement metric to all Receivers, they are on level ground in terms of how you view them.
In June 2019, Maanch won India Inc’s UK India Award for Startup of the Year, and on 13 December, they opened up a seed funding round aiming to raise £250,000 to develop premium features for their platform.
We keep a beady eye on their progress...
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Published on: 16th December 2019
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