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.

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

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

E-mail: press@saltedge.com

 

About Roundups

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

E-mail: hello@roundups.org

 

Salt Edge report

Discover what is the current state of open banking in Europe

Download now

Related articles

4 min read Sep 2020

Salt Edge brings open banking data to Deskera’s SME clients in Singapore

Provider of cloud-based business software Deskera partners with Salt Edge, leader in offering open banking solutions, to automate financial data aggregation for its SME customers. In Singapore, business digitalisation is supported on the national level through various initiatives like SMEs Go Digital programme and the Automation Support Package (ASP). Deskera…

3 min read May 2020

Fiskl selects Salt Edge to globally amplify their financial management platform for small businesses

Fiskl, a UK-based software as a service company, joined hands with Salt Edge, a leader in offering open banking solutions, to deliver a seamless financial control experience to millions of small businesses globally. Open banking genuinely transforms the way businesses manage their money. Fiskl is a software technology company which…

4 min read Nov 2020

ThinCats partners with Salt Edge to bring Open Banking benefits to SME lending

ThinCats, a UK-based alternative lender to mid-sized SMEs, has partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. The UK is globally recognised as a cradle of Open Banking and during these uncertain times…

3 min read Apr 2019

Salt Edge released 60+ PSD2 API sandboxes

On March 14, Salt Edge released 60+ PSD2 sandboxes, after building them for the financial institutions in a couple of weeks time. The launch of these sandboxes for third party testing enabled the ASPSPs to meet the first major PSD2 deadline. PSD2 and the RTS on SCA & CSC impose…