Fundraising platform TapSimple has raised £900,000 in an investment round to support charitable fundraising activity in an increasingly cashless society.

The funding round brings its total funding to date to £2m. Investors in the round include Ecclesiastical, Lord Michael Spencer, Lord Mervyn Davies, Dominic Burke, and Anthony Bolton, who join previous round investors including NCVO chairman Sir Martyn Lewis.

Founded in 2018, TapSimple first launched with the Clip, a donation device that facilitates Contactless and Chip & Pin donations when paired with the TapSimple app.

This helps charities raise money at a time when 73 per cent of charities are finding street giving is failing due to the decline of cash.

This year, TapSimple launched a Virtual Events Platform, which includes integrated video conferencing, ticketing and an online donation service designed to help charities engage with stakeholders, volunteers and donors online.

Its reporting dashboard can be used to create campaigns, manage teams and volunteers, add Gift Aid and optimise donations.

TapSimple recently announced it would be supporting Lidl with its fundraising efforts for the NSPCC by supplying contactless fundraising technology, added Cancer Research UK to its portfolio of charity clients, and supports major UK charities including Macmillan, the NSPCC, Children with Cancer UK and Christian Aid.

TapSimple has signed 80 new clients since September and is a Trusted Supplier of the National Council for Voluntary Organisations.

Alex Coleridge, co-founder at TapSimple, said: “This raise confirms that now is the time for charities to embrace technological innovation and make charitable giving more accessible.”

He added: “As the fundraising environment changes, and consumer behaviour shifts, charities who adapt now will be in the best position to thrive.”

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