Revolut has today announced the launch of a new donations feature, allowing its five million customers to instantly round-up their card payments and donate the difference to charity partners, including ILGA-Europe.
Revolut customers can also donate via one-off, weekly or monthly recurring payments. Revolut charges no fees and takes no cut from donations. There is no minimum donation amount and the feature can be turned on and off by customers at any time.
ILGA-Europe, Save the Children and WWF have been chosen as the first three charity recipients due to their appeal to Revolut’s global user base, each of them seeking to tackle injustices internationally. Revolut’s association with each charity will be ongoing and the fintech will be adding additional charities throughout the year as it rolls out this exciting new feature out.
Nik Storonsky, Founder & CEO of Revolut said: “Supporting social causes is really important to us and many of our users. A lack of transparency and time consuming processes are issues commonly experienced when donating to charity. So at Revolut we’ve decided to help make charitable donations simple by building an easy and secure tool to enable our community to give back, even if it’s only a little spare change. We’re excited to see how far Donations can go and the impact we can make together.”
Anna Shepherd, Fundraising Manager, ILGA-Europe said: ““Across Europe and Central Asia we’re seeing stagnation and rollback on LGBTI equality. Now’s the time to invest in lasting and real change in the lives of LGBTI people. This is why we’re thrilled to partner with Revolut to offer seamless giving solutions, allowing users to be part of the LGBTI movement and this transformative change through their everyday transactions.
Find out more at www.revolut.com