What Givefront does

Givefront operated a unified nonprofit-focused spend management platform from San Francisco, issuing Visa corporate cards to U.S.-based nonprofit organizations through First Internet Bank of Indiana and CapitalOS, with EIN-only underwriting that avoided personal credit checks. The product combined cards, expense management, AI-powered receipt matching via text upload, grant-based budgeting, automated sales tax refund recovery for states like Utah and North Carolina, IRS 990 compliance flagging, and native accounting sync to QuickBooks, Xero, MIP, and Aplos. The company pursued a freemium self-serve model with a free tier for nonprofits up to 50 users, a $15/user/month tier for larger organizations, and a $65/month Bill Pay add-on, with interchange fees as the primary revenue stream.

Givefront was founded in 2024 by Matt Tengtrakool (Harvard dropout) and Aidan Sunbury (UC Berkeley), backed by Y Combinator, and grew to roughly 200 nonprofit customers before raising a $2 million seed round led by Script Capital in December 2025. The GTM motion was product-led and community-led, relying on direct website sign-up, customer testimonials across churches, foundations, animal rescues, performing arts groups, and youth sports associations, and word-of-mouth within nonprofit leadership networks. Headcount remained in the 1-10 range throughout.

The company ceased operations on March 3, 2026, roughly 15 months after card issuance launched and one quarter after its seed close. Despite strong reported momentum of 200%+ month-over-month growth in revenue and payment volume at the time of the seed, Givefront did not sustain operations into a Series A or further scaling phase. The platform's differentiated value proposition—purpose-built nonprofit compliance, automated state sales tax refund recovery, and grant-level spend tracking—remained technically coherent, but the company did not achieve the scale or capital runway required to continue operating.

Name

Givefront

Legal name

Clav Inc.

Website

https://givefront.com

Company type

Private

Founded year

2024

Operating status

Closed

Headcount range

1–10 employees

Short description

Givefront was a Y Combinator-backed fintech that issued corporate cards and offered grant-based spend management, AI receipt matching, and automated sales tax refunds for U.S. nonprofits. It served roughly 200 organizations before ceasing operations in March 2026.

Ownership category

akta.pro rank

Product category

Nonprofit Financial Management Software

NAICS

Grantmaking and Giving Services (81321)

SIC

Finance Services (6199)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industry

Donor-Advised Fund (DAF) Sponsors (BPAGAKAF)

Keywords

• Nonprofit financial management
• Corporate card issuance
• Spend management platform
• Grant budget tracking
• Expense compliance software

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Card Interchange: Revenue generated from interchange fees on corporate credit card transactions. Cards are issued through partnership with First Internet Bank of Indiana via CapitalOS
2. Subscription - Free Tier: Free tier for nonprofits up to 50 users with core card and expense management features, enabling broad adoption
3. Subscription - Per User: Larger organizations access platform starting at $15/user/month with tailored support and integrations
4. Bill Pay Add-On: $65/month add-on for bill pay, reimbursements, invoice scanning, and accounts payable workflows

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Givefront is a unified nonprofit spend management platform that issues Visa corporate cards (virtual and physical) to U.S. nonprofit organizations and pairs them with expense management, AI-powered receipt matching, grant-based budgeting, IRS 990 compliance reporting, automated sales tax refund recovery, and accounting integrations (QuickBooks, Xero, Aplos, MIP). The platform is free for nonprofits up to 50 users, with paid tiers at $15/user/month for larger organizations and a $65/month Bill Pay add-on for vendor payments and reimbursements.

Product overview

Givefront is a unified nonprofit spend management platform built as a single product with integrated modules. The core platform centers on Nonprofit Credit Cards (virtual and physical Visa cards with spend controls), paired with Expense Management for real-time tracking, Receipt Tracking with AI-powered matching, Budgets for grant and program allocation, Sales Tax Refunds for automatic state tax recovery, and Accounting Sync for QuickBooks/Xero/Aplos/MIP integration. Add-on modules include Bill Pay ($65/month) for vendor payments and reimbursements. Key features embedded in the platform include Grant Budgets for real-time grant tracking, Card Requests for self-service card provisioning, and Approval Policies for admin sign-off workflows. The platform is free for small teams (up to 50 users) with paid tiers starting at $15/user/month for larger organizations.

Differentiator

Problem solved

Functional benefit

Products and services

• Nonprofit Credit Card Virtual and physical Visa corporate cards for nonprofits with built-in spend controls, custom limits, and no personal credit checks. Cards are issued to the organization (not individuals) based on EIN and the organization's financial profile, in partnership with First Internet Bank of Indiana and CapitalOS on the Visa network.
• Expense Management Spend management platform enabling nonprofit teams to track every purchase by budget or grant with real-time controls, policy alerts, and AI-powered fraud detection for nonprofit compliance.
• Receipt Tracking AI-powered receipt collection via text or platform upload with automatic matching to transactions using date, merchant, and amount, AI categorization, and audit-ready compliance documentation for nonprofits.
• Sales Tax Refunds Automated sales tax tracking and redemption for eligible nonprofit purchases in states like Utah (Form TC-62N) and North Carolina (Form E-585), automatically identifying and documenting qualifying transactions and prefilling state refund forms.
• Budgets Purpose-built budgeting for programs, grants, and departments with real-time visibility into spending and allocation controls tied to specific funding sources.
• Accounting Sync Auto-sync transactions and categories directly to accounting systems including QuickBooks, Xero, Aplos, and MIP, tagging transactions by fund, program, or grant and syncing to chart of accounts.
• Bill Pay Vendor payment and employee reimbursement system with invoice scanning, approval workflows, and ACH payment capabilities tied to budgets and accounting. Priced at $65/month as an add-on.
• Grant Budgets and Spend Reporting Real-time grant tracking and reporting capability that allocates expenses to grants, enables sub-budgets per funder line item, and generates grant spend reports for reimbursable and non-reimbursable grants.
• Nonprofit Discounts Vendor discount program identifying over 200+ vendors offering exclusive nonprofit pricing, automatically detecting eligible purchases and enrolling users in available discounts.

Quantifiable outcome

• Nonprofits can reclaim up to 8% in state sales tax refunds on eligible purchases
• +3 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• CapitalOScoreTechnology or IntegrationPartners with First Internet Bank of Indiana to provide card issuance infrastructure for Givefront's corporate credit cards.
• Visa Inc.coreTechnology or IntegrationLicenses Visa payment network for Givefront Visa Commercial Credit Cards. Cards are accepted anywhere Visa is accepted worldwide.
• QuickBookscoreTechnology or IntegrationAccounting integration partner allowing automatic sync of transactions and categories with QuickBooks Online and QuickBooks Desktop.
• XerocoreTechnology or IntegrationAccounting integration partner enabling automatic transaction sync and category mapping with Xero accounting software.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Aplos: Aplos is a cloud-based accounting and financial management platform purpose-built for nonprofits, churches, and HOAs. It is a direct peer to Givefront in the nonprofit financial software category and was itself an integration partner of Givefront for HOA accounting.

Emerging players

• Bloomerang: Bloomerang is a donor management and fundraising CRM designed for small and mid-sized nonprofits. It is an emerging player with overlapping nonprofit-customer focus and adjacent financial workflows (donor accounting, gift processing) that compete for the same nonprofit IT budget.
• Funraise: Funraise is a nonprofit fundraising and donor management platform with payment processing, CRM, and campaign tooling. It overlaps with Givefront on nonprofit payment acceptance and donor-facing financial workflows, though it focuses more on inbound donations than operational spend.
• Keela: Keela is a nonprofit CRM with donor management, email marketing, and impact reporting tools aimed at small and mid-sized nonprofits. It is an emerging player addressing the same vertical with a more fundraising-oriented product suite than Givefront's spend management focus.
• Foundant Technologies: Foundant provides grant, scholarship, and fund management software for community foundations and grantmaking organizations. It is an emerging player targeting a subset of Givefront's foundation and grant-tracking use cases with deeper workflow tooling.
• DonorPerfect: DonorPerfect is a long-standing nonprofit donor management and fundraising CRM serving thousands of small to mid-sized nonprofits. It competes for the same nonprofit technology wallet as Givefront, focused on the donor and gift side rather than operational spend.
• Pilot: Pilot is a bookkeeping and financial management service for startups, SMBs, and nonprofits. It is an emerging player in nonprofit financial back-office services, competing for the same operational finance budget as Givefront but on the bookkeeping rather than card/spend management side.

Broad incumbents

• Brex: Brex is a large, well-funded corporate card and spend management platform serving startups and SMBs broadly. It is a broad incumbent offering overlapping card and expense management capabilities to nonprofits but without Givefront's nonprofit-specific compliance and grant-tracking specialization.
• Ramp: Ramp is a leading corporate card and spend management platform with broad market reach across SMB and mid-market customers. It is a broad incumbent that competes on cards and expense management, pressuring Givefront on price and feature breadth from outside the nonprofit niche.
• BILL: BILL is a public financial operations platform offering AP automation, bill pay, corporate cards (via Divvy), and spend management for SMBs. It is a broad incumbent that overlaps with Givefront on bill pay and corporate cards, though it serves a much broader customer base without nonprofit specialization.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Givefront
• Facebookfacebook.com/61556105687047
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Givefront