I’d love peoples thoughts on this one…
My name is Sam, I’m a designer at Streeva, a startup with a mission to upgrade the way payments work. Our initial product called Swiftaid, is a service that makes it easier for donors and charities to add Gift Aid to contactless donations.
Gift Aid is a UK government tax relief that boosts donations by 25% at no extra cost to the donor. So providing you’re a UK taxpayer, you can add 25p to every £1 you donate.
Swiftaid removes the need to fill in Gift Aid forms with each donation, all you need to do is sign up once, connect your bank, and Gift Aid will be automatically added to your donations. The service will also provide end-of-year donation reports, making it easier for higher-rate taxpayers to claim tax back on donations.
We’ll be launching Swiftaid soon through Open Banking, but ultimately believe the best place for something like this, is inside banking apps, similar to the Monzo mock-up below.
What do you think? is this something Monzo should look to do? I’d love to hear your thoughts and any questions you have about Swiftaid!