Salt Edge helps Roundups create a new way of donating
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.
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.
Discover the full Salt Edge coverage to find out if our services are available in your country.
About Salt Edge
Salt Edge – a financial API platform with PSD2 and open banking solutions. The company has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with 5200+ financial institutions in 70+ countries.
More information: www.saltedge.com
Phone number: +1-437-886-3969
Roundups Fundraising Services Ltd. is a UK financial technology company that developed an app to digitally replicate loose-change penny round-up donations. The app rounds up all of users’ card payments to the nearest 10p, 50p or £1 and donates the difference to a nonprofit of their choice. The company has partnered with a range of local charities and international organisations created to help the homeless, prevent child abuse, fight disease, protect animals, reunite families, promote peace, improve schools and more.
More information: www.roundups.org
Phone number: 0203 730 7647
Salt Edge report
Discover what is the current state of open banking in EuropeDownload now