INSUBCONTINENT EXCLUSIVE:
Every year, donors contribute billions of dollars to charities, yet the donation process still feels outdated and cumbersome
Founders Dan Eblagon and Ron Levy believe there is an easier way to donate, leading to the creation of Bono, a platform designed to
name) focuses on connecting users with a selection of vetted charities based on which causes they care about, such as the climate crisis,
LGBTQ+ rights, ending animal suffering, and more
user experience, including an AI-powered chatbot that matches donors with suitable charities
This feature is currently in a pilot phase and is expected to launch to the public by September.Image Credits:BonoThe concept for Bono
originated from a phone call Eblagon received from a telemarketer soliciting donations for a charity that they claimed he had previously
users engaged and informed, Bono provides a weekly impact report, detailing how and where their donations are making a difference
Android devices) to see their annual impact.Techcrunch eventBerkeley, CA|June 5BOOK NOWAnother way Bono is modernizing the experience is by
types of models: flat-fee campaigns, where influencers are paid up front for promoting; affiliate-style revenue sharing, where creators earn
based on performance; and donated commissions, which allow creators to donate their share of the earnings back to the cause promoted.Some
people may view these arrangements as an ethical gray area
demand from donors wanting to support victims affected by the Los Angeles wildfires
Since then, Bono has expanded its reach from just 100 charities to all 1.5 million charities in the United States , with the average
donation around $20 per month
The company says it requires a rating above 8.5 on websites like Charity Navigator and GuideStar
A strong social media presence is also important.The funding round was led by Progression.Fund, with participation from several angel
investors who are senior executives at major companies, including Amazon, Google, Microsoft, Intuit, and X/Twitter.
