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Dominic Kalms

CEO & Founder at B Generous

Dominic Kalms is a multi-venture backed entrepreneur and philanthropist with an expertise in Financial Technology (FinTech), Nonprofits, Donor Advised Funds (DAFs), and digital fundraising. He has raised over $120M in venture and philanthropic capital during his career and has been featured in an array of media publications (e.g. NBC, Forbes, CBS, Entrepreneur, BBC, Yahoo etc.) where he discusses philanthropy and impact. He was most recently profiled on the front page of Entrepreneur.com, as well as in the Goldman Sachs Philanthropy web series, and he recently guest lectured a course on Philanthropy at MIT. His latest opinion piece on corporate giving can be found on Forbes.com.

Dominic is also a well-known public speaker and has spoken at many global forums on philanthropy (e.g. Nexus Global Summit, Global Citizen Forum, United Nations NOVUS conference, Social Enterprise Summit, TechCrunch’s Global Ventures Summit, Capital One Stories of Impact, TEDx, Paradigm Talks, Context Family Office Conference etc.).

Today, Dominic is Founder/CEO of a new venture backed FinTech company B Generous, which is revolutionizing how people donate to nonprofits through the advent of the first ever philanthropic credit product. B Generous is backed by some of the top VCs, Banks, & institutional investors in the US.

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BOOK NOW FOR your podcast

Dominic Kalms

CEO & Founder at B Generous

Dominic Kalms is a multi-venture backed entrepreneur and philanthropist with an expertise in Financial Technology (FinTech), Nonprofits, Donor Advised Funds (DAFs), and digital fundraising. He has raised over $120M in venture and philanthropic capital during his career and has been featured in an array of media publications (e.g. NBC, Forbes, CBS, Entrepreneur, BBC, Yahoo etc.) where he discusses philanthropy and impact. He was most recently profiled on the front page of Entrepreneur.com, as well as in the Goldman Sachs Philanthropy web series, and he recently guest lectured a course on Philanthropy at MIT. His latest opinion piece on corporate giving can be found on Forbes.com.

Dominic is also a well-known public speaker and has spoken at many global forums on philanthropy (e.g. Nexus Global Summit, Global Citizen Forum, United Nations NOVUS conference, Social Enterprise Summit, TechCrunch’s Global Ventures Summit, Capital One Stories of Impact, TEDx, Paradigm Talks, Context Family Office Conference etc.).

Today, Dominic is Founder/CEO of a new venture backed FinTech company B Generous, which is revolutionizing how people donate to nonprofits through the advent of the first ever philanthropic credit product. B Generous is backed by some of the top VCs, Banks, & institutional investors in the US.

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As seen on

“The founder and CEO of GVNG shares how he defied conventional business practices to build a SaaS company helping people donate millions of dollars to charity while also generating revenue and value for its shareholders.”

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“The global philanthropic market is worth about $1.5 trillion. In the US, there are 1.7 million nonprofits getting about $471 billion, which means Americans are giving over $1 billion a day. The question is why then do most nonprofits still struggle raising money?”

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“Buy now/pay later lending is normally associated with the point-of-sale loans that consumers use to finance large purchases, though a startup contends the idea can also be deployed in other ways, such as boosting funding for nonprofits.”

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“B Generous, a first of its kind FinTech for good platform, announces the official launch of Donate Now, Pay Later™ (DNPL), a revolutionary new tool allowing donors to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan™ (PoDL).”

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“Using Donate Now, Pay Later™, B Generous says the nonprofit receives the donation immediately, and the donor gets the tax receipt right away, but the donor pays nothing out of pocket at the point of donation and instead pays over time, with no interest, costs or fees.” The goal, it says, is to increase average donation values for nonprofits.”

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How it works: When you use BGenerous to make a donation, you pay no money up front. Instead, Drake Bank lends you the money, which gets paid directly to the charity. You then pay the bank back in installments, interest-free, over three to nine months.”

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“Let’s say you want to donate to a nonprofit that’s meaningful to you. But you don’t have the extra funds to do it now. So, you might wait until later in the year or not donate at all.

A new fintech platform has created a way for you to donate and then pay the commitment later.”

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“Founded by three-time, venture-backed entrepreneur and philanthropist, Dominic Kalms, with the simple mission to get more donations to more nonprofits faster, B Generous partnered up with Drake Bank, a mission aligned community bank in St. Paul, Minnesota, to power the world’s first Point of Donation Loan (PoDL) program.”

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“Stealing a page from the retailer-driven ‘Buy Now, Pay Later’ playbook, charity-minded technology developers are rolling out new ‘Donate Now, Pay Later’ tools that enable givers to fund charities via the installment plan model.”

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Timeline

Jan 2021 - Present

B Generous

CEO & Founder

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Jan 2021 - Present

Jan 2016 - Present

GVNG

President & Board Member

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Jan 2016 - Present

Jul 2020 - Present

Global Citizen Forum

Global Ambassador & Honorary Member

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Jul 2020 - Present

Mar 2019 - Present

Forbes Nonprofit Council

Official Member

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Mar 2019 - Present

May 2021 - Present

The Global Good Fund

Mentor

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May 2021 - Present

March 2017 - Present

NEXUS Global Summit

Member & Delegate

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March 2017 - Present

Ask me

What is the state of philanthropy in the US today? Where do you think things are headed?
Tell us about B Generous, why did you start this company? What do you think the company can accomplish?
What is the current state of the company? How are the loans financed? How much VC funding did you raise? How much capital can you lend out to power the loans?

Podcast agent:

@kitcaster.com