Deals: Ecclesiastical Takes a Stake in TapSimple Software

TapSimple, the charity-focused software company, has passed the £1m mark in its latest funding round with investors including specialist charity insurer Ecclesiastical, Michael Spencer, and Anthony Bolton. These investors join Sir Martyn Lewis, former chairman of the National Council for Voluntary Organisations. The investment will fund the continued growth of the Company as it looks to expand its fundraising technology.

TapSimple supports charities across the UK to boost donations in an increasingly cashless society. Founded by Tom Montague and Alex Coleridge in 2018, the business provides unique fundraising solutions to charities, with a combination of custom fundraising software and affordable hardware. As consumers move away from cash, TapSimple is there to ensure that charities can keep delivering and capturing donations for those they support. The business is currently supporting a number of leading UK charities including NSPCC, CALM and The Felix Project.

Tom Montague, Co-Founder of TapSimple, said:

“We are fortunate to have such high profile and high-quality investors on board – they bring a wealth of knowledge, experience and advice to the company at this key moment of growth.

“The third sector needs to do more to attract this type of investment, we must show the benefits and impacts to investors of proper, effective technological advancement.

“With this investment we can put our technology in the hands of more fundraisers and volunteers across the UK. It will also allow us to expand our team and their engagement with charities, shaping the way people donate.

“There is so much scope for growth as people continue to move away from cash. We are well-positioned to help charities move with that trend.”

Alex Coleridge, Co-Founder of TapSimple, added:

“We’ve already proven that our devices can unlock thousands more in donations and this investment will help get our technology to more charities, to raise more money.

“There are 168,000 registered charities in England and Wales alone, doing fantastic work for brilliant causes but they aren’t being properly supported. TapSimple can help them to do more with technology: making it easier to collect, track and analyse donations, simply and securely.”

“Over 40% of transactions in the UK were contactless last year and we are here to support charities as they engage with the modern cashless consumer.”

Mark Hews, Group Chief Executive Officer at Ecclesiastical, said:

“Ecclesiastical is a leading, specialist, charity insurer.  That means we have a genuine understanding of the charity sector and a greater insight into its issues.  We believe TapSimple is bringing something unique to the charity market by making contactless technology affordable and accessible. It is a technical service that will complement our existing range of charity-customer support, such as our tax, compliance, preferred supplier network and risk advice services.

“Ecclesiastical is a company whose purpose is to contribute to the greater good of society and like TapSimple, we are motivated to help those in need.  Our investment demonstrates our confidence in TapSimple’s innovative solution to the challenges of an increasingly cashless society and we are delighted to partner with them to help make giving easier.

Charles Outhwaite, Chairman of TapSimple, commented:

“I have worked with the founders on this business from the start and this latest investment is testament to their drive and commitment to helping charities with their funding in a cashless society. I am confident that TapSimple will continue to go from strength to strength with these investors.”

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