Today, SocialVest is launching its online and in-store shopping platform that makes it easy for consumers to support non-profit organizations while making purchases. The free service works by rewarding users with cash back for purchases from retailers. Money earned by SocialVest users can then be donated to over one million registered non-profits with the service.
Here’s how it works. Consumers sign-up for SocialVest with their info and credit card details and can then start shopping in its online mall or at physical stores with whom SocialVest has partnered. The startup currently has partnerships with over 500 retailers including Target, Macy’s, Home Depot, Best Buy, Saks Fifth Avenue and Bloomingdales. When the user make a purchase at one of these stores using the registered credit card, SocialVest will give users a cash rebate ranging from 1% to 15% of qualifying purchase prices. Funds are accrued in users’ SocialVest accounts, and can then be pledged to any non-profit.
SocialVest has also partnered with Causes, and will be the exclusive registered credit card shopping partner for the community. The startup, which has raised $500,000 in seed funding, faces competition from CauseOn, Causeworld and Endorse For A Cause.
"Documents were scattered all over the room, and Love shared dozens of these documents with the reporters—property records, financial statements showing money being transferred from Love's account to other people's accounts, payment receipts, signatures she said were forged. The reporters huddled around Love's laptop and viewed a private website that served as a database for all of these documents, which she'd been collecting as evidence. Love would show them a document on paper or online and then say something like: 'Isn't it weird that [So and So's] signature is on that?' She did a lot of Googling, too, mostly of names and property addresses listed in the documents. This went on for about three hours."
—Following Courtney Love down the rabbithole.
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Today, SocialVest is launching its online and in-store shopping platform that makes it easy for consumers to support non-profit organizations while making purchases. The free service works by rewarding users with cash back for purchases from retailers. Money earned by SocialVest users can then be donated to over one million registered non-profits with the service.
Here’s how it works. Consumers sign-up for SocialVest with their info and credit card details and can then start shopping in its online mall or at physical stores with whom SocialVest has partnered. The startup currently has partnerships with over 500 retailers including Target, Macy’s, Home Depot, Best Buy, Saks Fifth Avenue and Bloomingdales. When the user make a purchase at one of these stores using the registered credit card, SocialVest will give users a cash rebate ranging from 1% to 15% of qualifying purchase prices. Funds are accrued in users’ SocialVest accounts, and can then be pledged to any non-profit.
SocialVest has also partnered with Causes, and will be the exclusive registered credit card shopping partner for the community. The startup, which has raised $500,000 in seed funding, faces competition from CauseOn, Causeworld and Endorse For A Cause.
"Documents were scattered all over the room, and Love shared dozens of these documents with the reporters—property records, financial statements showing money being transferred from Love's account to other people's accounts, payment receipts, signatures she said were forged. The reporters huddled around Love's laptop and viewed a private website that served as a database for all of these documents, which she'd been collecting as evidence. Love would show them a document on paper or online and then say something like: 'Isn't it weird that [So and So's] signature is on that?' She did a lot of Googling, too, mostly of names and property addresses listed in the documents. This went on for about three hours."
—Following Courtney Love down the rabbithole.
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