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Is Ethical Banking The Future For Charitable Sector Financial Services?

Key Takeaways:

  • Spiral is a revolutionary startup offering an ethical banking solution for the charitable sector.
  • Its innovative app merges banking with charity, allowing customers to support charitable causes while benefiting financially.
  • The platform also offers valuable engagement tools to non-profit organizations, enabling them to raise funds and communicate with their supporters more seamlessly.
  • Spiral points to a new direction for charitable sector financial services, where ethical banking plays a leading role.

In a decade typified by the growing influence of entrepreneurs, traders and innovators in the finance industry, a new startup is leading the charge in the very place it is needed most: the charitable sector. Spiral, founded in 2019 by Dan Blumenfeld and Shawn Melamed, is geared towards marrying charity with everyday banking. This New York-based company has introduced an ethical banking app that proselytizes the idea of doing good while making money.

Imagine this – users support the causes they care about, and in return, earn attractive interests and monthly cash bonuses on their deposits. Spiral even pledges to match the customer’s donations up to a certain limit. It replaces the traditional banking narrative which some argue has lost touch with society’s altruistic needs.

What sets Spiral apart from other charitable startups is its innovative amalgamation of banking solutions and charity. It disrupts the conventional banking system by encouraging users to contribute to society actively while simultaneously providing them better financial outcomes. Heading into a new decade, this makes Spiral a frontrunner in the emergence of ‘CharTech’- financial technologies aimed at the Not-For-Profit sector.

In addition, Spiral is designed to serve nonprofit organizations, offering them an avenue to share engaging content with donors, improve donations, and collect funds without incurring additional fees. This unique model therefore doesn’t just cater to individual users, but also directly supports organizations in raising funds and connecting with their supporters.

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The future seems promising for Spiral and other startups eager to explore the ethical banking arena. As society moves towards more conscious capitalism, it is likely that ethical banking will become an accepted mainstream banking practice, reshaping the financial services industry in the charitable sector. As digital disruption continues to revolutionize industries, platforms such as Spiral may become the norm rather than the exception.

Spiral sees ethical banking as more than a passing trend. It believes in a future where individuals and organizations alike can make financial decisions rooted in both kindness and pragmatism. With Spiral taking the lead, ethical banking may well become an enduring and integral part of the charitable sector’s financial services. Check out more about Spiral on their Website, Twitter, Facebook, and LinkedIn pages.


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