Bank - Boston, MA, US
The world is becoming increasingly cashless at an electric rate, and homeless people are getting left behind. The majority of the people we've surveyed have at some point been unable to donate to a homeless person due to not having cash with them. GiveCard is taking the centuries-old act of street donations to the forefront of modern technology, and packing in revolutionary features to change the way we donate. We give partnered homeless people regulated debit cards. You would be able to directly donate to these partnered homeless people by viewing their profile on an online platform we have created. We take NO commission of the donations, every dollar will go straight to the recipients debit card. From there, the partnered homeless people can use their debit card at stores with certain restrictions applied: blocking the ability to purchase alcohol, cigarettes and other harmful products on their card. Additionally, we prevent access to physical cash by having a no-return policy at stores and prohibiting withdrawals at ATMs. When you have donated, you will get update emails on what the partnered homeless person buys from your donation. For example, "Steve spent $X of your donation on a water bottle." Any amount donated to create this platform is greatly appreciated and it will immensely impact someone's life. From here we look to grow into a fully fledged financial institution, implementing tailored savings and investment schemes into the accounts of our partnered homeless people, and eventually creating a micro-financing system based on our in-house 'Quantum Credit Scores'.GiveCard looks to be a revolutionary bottom-up banking industry reform
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