LOS ANGELES, CA / ACCESSWIRE / November 28, 2022 / Giveback Social, Inc, a technology-enabled platform that helps donors create and manage gift portfolios, stands out in its early days, gains impressive traction among donors and investors, and strengthens its leadership team with the appointment of fintech industry veteran Rob Owen as the head of strategic growth.
Rob Owen is an experienced operator with a background in sales, finance and compliance, and specializes in taking companies from start-up to market. Prior to joining Giveback, Rob had helped build and advised several highly successful companies in their efforts to modernize the supply chain industry, expand financial education to underrepresented groups, and develop repeatable infrastructure to support investment in sustainable economies. As Giveback’s Head of Strategic Growth, Rob will lead donor relations and develop the continued growth of the platform, supporting ultra-high net worth donors and family offices’ strategic giving needs.
Owen loves early stage fintech startups and he has the midas touch about it. Over the past 10 years, he has been part of the founding of two unicorns. Vise, an AI-powered portfolio management platform for financial advisors, was founded in 2016 by Samir Vasavada and Runik Mehrotra, when they were 16 years old, and has since raised $128 million over four rounds from investors including Sequoia, Ribbit Capital, and Founders Fund, and was recently valued at $1 billion post-money; and Recurrency is the #1 ERP Automation Platform; the startup was a member of the Summer 2020 Y Combinator cohort, and founded by 19-year-old solo founder Sam Oshay.
Owen has consistently worked with ambitious young founders who actively seek to challenge the status quo, helping to build companies that create outsized economic and social impact, and this time he decided to join the Brazilian duo of Ba Minuzzi and Rochelle Silveira, co. – the founders of Giveback who have worked in finance and fintech for more than a decade. The two Latinos teamed up to solve a pressing problem in a massive market: philanthropy. Charitable giving in the United States hit a record high in 2021 as Americans gave a record $484 billion to charities that year alone. Giveback’s mission is to get donors to treat their portfolio with the same pragmatism as they treat their investment portfolio. Giveback has an excellent impact algorithm and matchmaking tool that brings efficiency and clarity to the donor’s portfolio and assesses depreciation and tax efficiency. for each individual.
“I’ve spent decades as a financial professional, coaching clients in their charitable giving, and almost as much time as an operator with startups, building technology platforms to bring automation to financial services,” said Rob Owen, Head of Strategic Growth at Give Back. “I can’t say how excited I am to finally be able to do both at the same time with payback.”
Some might think that the fintech industry has already received all the funding since it grew from $2B to $210B in the last decade. Nevertheless, there is much room for improvement in the financial industry. Philanthropy is one of those verticals that has been forgotten until fairly recently, but we’re starting to see positive movement with platforms like ImpactAssets ($2B in AUM) and Daffy ($17.1M in funding) leading the way. Giveback is the new complementary solution for the space, offering a technology-enabled platform with an intuitive and engaging experience, allowing donors to be intentional with their giving back strategy, find the right organizations to support based on the donor’s core values and impact goals with tax-deductible nonprofits, and manage their gift portfolio effectively.
“As a donor and wealth manager overseeing over $370 million in assets, I’ve seen these inefficiencies firsthand, which is why we created this company. Giveback is more than just a charitable donation platform, it’s a place where you can diversify your giving portfolio, deploy strategically and measure the impact of your donations,” said Minuzzi askedfounder of UVS and co-founder of giveback.
The company is part of UMANA Venture Studio (UVS) portfolio. UVS’s core business is to unite female C-level operators, purpose-driven brands and loud voices (aka celebrities). Ba acts as a behind-the-scenes co-founder of the companies they build internally.
Ba has known Owen for nearly a decade and has always envisioned working with him. She was one of Vise’s angel investors and could see the importance of his role in the early days of that startup. “It’s only been 3 years since I founded UMANA, a multi-family office that works with UHNW celebrities, and since I formally entered the wealth management industry, one of my core focuses has been thinking about the efficiency of this traditional area. At UMANA, we have a venture studio that allows us to build startups from scratch, which is how Giveback was first conceptualized. Fast forward, the company is now led by my amazing co-founder and CEO, Rochelle Silveira,” says Ba Minuzzi. “I’ve been a fan of Rob’s work for years and his dedication to young founders is inspiring. Having him join Giveback is a dream come true! I’m still pinching myself.”
“Rob joining the team marks another major milestone for the early days of giving back,” said Rochelle Silveira, co-founder and CEO of Giveback. “Finding the right team is one of the most critical points for a startup, and it’s amazing to have the opportunity to rely on Rob’s experience in the financial industry and track record of building highly successful startups to bring our vision to life, and we’re excited to see what happens next.” Giveback was built with the vision of making philanthropy easier and more efficient. “Americans are incredibly generous, but the technology used by donors to manage charitable contributions is typically no more sophisticated than spreadsheets and e mail,” says Rochelle.
Just in time for Giving Season 2022, the company announces the launch of the give platform, which already has over 140 approved nonprofits, including notable organizations such as Malala Fund, CDC Foundation, USA for UNFPA, Water for People, Pencils of Promise, The Marine Mammal Center , Girls Who Code, Clean Air Task Force, Code.org, ReFED and UnidosUS.
Website: https://www.giveback.social/
Press contact: Jamie Kingsley, [email protected]
SOURCE: give back
