Salt Edge helps Roundups create a new way of donating
- Open Banking , Payments
- 15.04.2020 11:36 am
Salt Edge, a leader in offering open banking solutions, joined Roundups in its mission to raise millions through adding up pennies left from payment transactions and donating them to charities and non-profit organisations.
Today all aspects of financial life are managed online and charity is no exception. Roundups is a UK company that aims to make digital penny donations mainstream amidst the rapid decline of cash. Using Salt Edge’s data aggregation, the Roundups app checks all user’s card payments, rounds them up to the nearest 10p, 50p or £1 and donates the difference to their chosen good cause.
We were proactively looking for a technical service provider and Salt Edge was the most interested in our social mission and helping us build a community of philanthropists. They took the time to understand our business, its challenges and were flexible in light of them. Using the Salt Edge plugin is a no-brainer for us. Their vast coverage of financial institutions means that we can offer our roundup-and-donate service to users in Europe and beyond.
Sean Donnelly, Co-Founder at Roundups
Salt Edge Partner Program allows Roundups to get instant access to open banking channels in a PSD2 compliant way without acquiring a PSD2 licence. In the app, users can choose many sources of financial data, so for this process to work seamlessly it is important to process all the transactions from all the connected accounts. Salt Edge enables Roundups to connect to the CMA9 and major UK banks: AmEx, Bank of Ireland, Bank of Scotland, Barclays, Capital One, HSBC, Lloyds Bank, Monzo, Santander, Ulster, and to over 5000 financial institutions worldwide. Salt Edge’s wide coverage will help with Roundups’ potential expansion in the next few years.
In a fully digitized world, all the finances should be simple and we are happy to combine our forces with Roundups to help people donate in a new effortless way. As small acts, when multiplied by millions of people, can transform the world, the same way some loose change from millions of transactions can make a difference.
Jason O’Shaughnessy, SVP of Sales at Salt Edge
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