Parvenu

Parvenu is a financial technology company targeting the $5 billion global market for crowdfunded donations.

It’s created a platform that uses artificial intelligence to provide customers with personalized donation requests when they're at the check-out counter at retail stores. For example:

A woman buying dog food might be asked to donate to an animal shelter, or a man refilling medication might be asked to donate toward medical research.

Parvenu’s proprietary platform benefits customers, charities, and businesses simultaneously. Charities receive donations, customers receive discounts at their favorite stores, and retailers gain increased business and loyalty with customers.

Parvenu charges a 10% transaction fee for every donation processed.

The company has partnerships with several notable financial technology companies, including:

Verifone (NYSE: PAY), an electronic payment company with a market cap of $2.5 billion…

Ingenico, a company providing secure electronic transactions which generated $2.6 billion in revenue in 2016…

And First Data (NYSE:FDC), a financial services company with a $21 billion market cap.

Each of these companies could be a potential acquirer of Parvenu in the future.

Parvenu CEO Patrick Hoban has direct experience with fundraising, having previously raised more than $350,000 while with DialogueDirect, a fundraising organization.

Team Background

Patrick Hoban - Co-Founder & CEO

Johnny Li - Co-Founder & COO

Co-Investors