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22/09/2023 Banking Innovation

About

Daffy is the Donor-Advised Fund for You, the ground-breaking, modern platform for charitable giving.

Innovation presentation

Built around a new donor-advised fund (DAF), Daffy is the first platform to make giving an easy habit to keep by setting up one-time or recurring contributions and donations with cash, debit, credit, Apple Pay, stock, or 120+ crypto assets. Since it’s free to get started, Daffy allows anyone to set money aside, watch it grow tax-free, and donate to over 1.5 million charities in the US, like a 401(k) for charitable giving. Since it was founded in 2021, Daffy has launched Daffy for Work, built-in support for financial advisors, APIs to integrate with other fintechs and ecommerce sites, social features, and family features to encourage people to give more, more often.

Uniqueness of the project

Donor-advised funds have been almost exclusively marketed to the ultra-wealthy, and Daffy has set out to make them more accessible to the general public. To date, most platforms for charitable giving have archaic technology, an outdated user interface, and focus solely on transactional donation processing. Daffy, on the other hand, has reinvented this technology and made DAFs easy and inexpensive to use. There is no minimum to start donating with Daffy, and, unlike the incumbents that charge AUM dues, Daffy only charges a flat membership fee of just $3 per month and $36 per year. Daffy is also the first-full featured DAF iOS app that allows members to donate complex assets easily, encourages families to give together, and offers built-in support for advisors.

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