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When these wishers are in our system, they create a story for whatever their

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need is. Johnny broke his arm, or you know, hey we need

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food for the family, or hey
we need ride back and forth to work.

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Whatever that cause or crisis is,
they can instantly go to that shopping

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portal which has every major retailer United
States in their Walgreens, Walmart, Amazon,

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you know all the ones. They
can instantly go in there spending those

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funds same day, and you can
get full reconciliation as a donor, so

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you always understand the impact that your
transaction made, the impact that your dollar's

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made. And I think that's really
the connection that's missing inside of the charitable

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giving spaces. When you give,
you actually really never know what happens to

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the money. You are listening to
Carrie Letz's Financial Survival Network, where you

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get valuable information you just can't find
anywhere else to thrive in today's trying times.

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You need the Financial Survival Network now
more than ever. Go to Financial

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Survivalnetwork dot com and get your free
newsletter and gift. Financial Survival Network work

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now more than ever, and welcome. This is Financial Survival Network and I'm

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your host, Carrie Lutz. Well
got interesting guests on today. I think

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you really appreciate what he's doing and
really opening up the world of charitable giving.

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Name is Chase Armor, and Chase
great to have you on the show.

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So man, thank thanks for having
I guess your background we should talk

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about because it's directly connected to what
you're doing now. So you created,

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I guess, a platform, a
network processing transactions. You process, you

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know, billions and billions. You
sold out, I think it was called

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pay Certify. Was your old company, sold out from five billion? And

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now now you're trying to make the
world a better place. Great, trying

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to make up a little better place. That's what it's all about, leaving

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a legacy behind you, you know. So how are you doing that?

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Explain to most donor network effect somebody
it's under network, right, Yeah,

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Well, I mean I think it's
both sides. So I approached it from

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the donor side because I was giving, and I never understood the impact of

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any money that I was ever donating
to any charity, any cause, any

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crisis. And I was really kind
of sick of every grocery store asking me

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for money when I checked out at
their pos and never understanding where those dollars

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were going. So I really just
wanted transparency what was going to impact,

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what was going to addmin to always
understand what that my dollars were always going

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to something that mattered, you know, not some desks or an office building

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somewhere. And so that's really what
I was trying to solve. And how

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we did that is we created an
ecosystem which kind of tipped to tail like

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donations in all the way to the
how those were being spent. And we

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essentially turned donations into virtual credit cards. So everyone's familiar with using credit cards

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and even on their digital wallet.
The great thing about using a credit card

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you always understand the money. At
the end of the day, when you

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go to the grocery store and spend
twenty bucks, you could see it instantly

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onside of your reporting portal on your
credit card. So that's the think about

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creating ledgers is we're able to transparently
show the dollars and dollars out. So

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when people donate to a cause,
crisis or a category specific need like growth

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frees, hotel, ride share,
whatever, maybe have you, what happens

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is those dollars come into our platform
through a five o' one C three public

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charity. So you instantly get that
tax deductible a receipt, which you can't

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get anywhere on any other crowdfunding platform
in the market, because if you try

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to use platform like GoFundMe or any
other platform, they're four prop companies and

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so they're not able to give you
tax deduction on an individual donation or a

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charitable donation through their platform. So
through our platform you get the tax deductible

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receipt. We turn that into a
credit card, which is digital, and

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it's sent directly to that cause,
crisis or charity. And then because where

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the card issue or with a master
card, we actually can see where those

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donations are spent, how they are
being spent, and we can admit it

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immediately give access to those funds instead
of our shopping portal. So if you

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think about like Apple, the Apple
store, like the Apple store inside of

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the App store, like on your
phone, it's basically like that, except

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with every major retailer in the United
States. So when these wishers are in

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our system, they create a story
for whatever their need is. Johnny broke

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his arm, or you know,
hey we need food for the family,

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or hey we need right back and
forth to work whatever that cause our crisis

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is. They can instantly go to
that shopping portal which has every major retailer

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the United States in their Walgreens,
Walmart, Amazon, you know, all

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all the ones. They can instantly
go in there and spend those funds,

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you know, same day, and
you can get full reconciliation as a donor,

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So you always understand the impact that
your transaction made, the impact that

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your dollar's made. And I think
that's really the connection that's missing inside of

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the charitable giving space is when you
give, you actually really never know what

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happens to the money. Yeah,
you know that's mean giving, right,

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It's like the connection's gone, you
know, like why do you give?

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What do you give? If,
like you help, you have this emotional

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connection to a causer crisis, but
if you never know what happens afterwards,

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Like you know, where's the connection? You know? Yeah, It's like

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you send all this money to the
Red Cross, you know, because there's

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been a calamity, a Hurricane Katrina
or a Hurricane Andrew, and they're getting

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tons of money from the government,
and then you never know where your money

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went. And then you find out
later, oh they had it just went

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into the general funds and they just
pay stuff out of it, and we

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don't field how to betrayed on that
right you feel like and then take it,

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Well, that's the reality is that
you know, when there's a causer

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crisis, those are major raising dollar
opportunities, but those dollars don't actually go

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towards that aid. You know,
it goes into a general fund because a

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funds and already there to be deployed. So if you wanted to help someone

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in crisis or in and actually know
that you help that person, there is

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no way to do that today outside
of what we created because and there's no

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way for charities to actually show you
what your dollars went towards, right,

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because it all goes into like a
big fund, right, so your dollars

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are never right exactly huge buck and
it's impossible to reconcile your twenty dollars or

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your thousand dollars or your five hundred
dollars what would it actually went to?

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Right, And so I think we
were solving that problem for donors so they

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can always feel good about their transactions. But then always understand that, you

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know, if you're trying to make
a difference for one specific thing or you

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know, one cause or crisis,
and you know you could actually make that

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difference and actually feel great about what
you did. Yeah, I mean that's

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like I love it because I always
feel like, you know, why send

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to the Red Cross, Because like
you said, where's that money going?

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It's like it's probably it's going to
have no relation to why you think you're

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giving it, you know, So
that's actually true. And you know it's

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not like they're a bad organization.
You know, they're they're a very very

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large organization, you know, but
there's really trees truly no way for there's

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no tools out there or or platform
that can actually help enable this type of

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insight. And I think that's really
what we're bringing into the market is to

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help those organizations not only raise money
transparently, but actually give impact, give

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impact reporting back to those donors.
And I think it helps them raise funds

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because you know, it helps them
raise fund number one, but it also

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gives donors one singular platform where they
can donate anywhere. It always get that

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tax deductability even if those even if
those charities or causes or crisis don't have

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the ability to provide that tax ability
reporting back you can have you can house

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all your tax deductibility reports all in
one portal. And it also works almost

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like a donors advised funds. So
if you think about how a donor advised

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fund works too, if you put
money into a donor advised fund, you

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really never know where those dollars goes, how those impact is going. But

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you also get the advantage of a
donort device fund is you give that tax

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deduction right away, right no matter
even if you decide to allocate those dollars

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six months or eight months down the
line. In our platform, you can

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actually put that those dollars to work
at that tax deductability immediately, and then

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when a crisis happens, you can
immediately deploy that capital to that crisis or

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impact, so you can get that
tax deduction right away. You could sit

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there on the balance cheat up your
thing, and then you can actually direct

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those funds later. So it works
like that as well, So very cool.

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Like I think it's going to give
smaller charity as an opportunity where you

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do get that immediate response where there
are actually in the trenches. It'll enable

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them to raise money that they would
never otherwise be able to well, sure,

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and if you think about if you're
a new nonprofit, it's almost impossible

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to raise dollars as a new nonprofit
without any track record history, right.

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So this allows new nonprofit with a
great mission behind them to actually raise more

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dollars more effectively because donors always understand
where those dollars are going, so they

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could give a nonprofit a change.
If you think about it as a nonprofit,

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if you're getting dollars from anyone and
then you cope back to you're going

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back to them later to say,
hey, we need more money, right,

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how how does it it doesn't help
you to not be able to show

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where those dollars went before. You
know, it really gives you a lot

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of leverage when you can say,
hey, look at what we did with

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your money last time. We'd love
for you to participate this time. It's

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important. It really makes it easier
for them to raise more dollars. But

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donors to really always have that confidence
that that trust is there. Kind of

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a fund of funds approach here,
but you're actually controlling where the funds go

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once you put them in. They
had to come up with this concept,

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you know, I came from that
I've been in fintech for you know,

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as long as I've been young adults
since ninety eating them forty four now,

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and so I kind of built been
on both sides of the equation in the

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payment system. And you know,
I was one of the pioneers and site

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of the virtual credit card space that
became obsessed with the whole economy of the

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transaction. If you think about how
it works in business, every purchase,

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what was a sale before that,
right, So there's wholesalers, there are

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suppliers, There's a whole economy chain
in a transaction that happens when a consumer

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bisor product. There's suppliers that need
to get paid. There's there's product that

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needs to get bought. There's like
four different there's four different people involved in

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that transaction on the back end that
make that product purchase a reality. And

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I think I became obsessed with that, and then I said, I can

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beak the whole economy for a donation
transaction and solve the problem the biggest problem

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that exists inside of the charitable giving
space, which is nobody understands where the

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money goes, and it's a black
box. You know, we can open

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up that black box and show that
transparency, and there's a way to do

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it, and it just took financial
and a fintech innovation to make that happen.

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And so we basically broke the held
system of how money used to flow

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and we created and do use system
that's completely on credit card rails and bake

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rails that make allow that allows us
to kind of build this infrastructure that creates

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transparency but doesn't doesn't change consumer behavior. So we're all used to basically making

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purchases and acquisitions this way, so
we're not changing user behavior. We're just

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changing the infrastructure that processes those transactions
and makes those transactions transparent. All right,

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anyway, fascinating, So where do
we find you? How do we

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connect to with to go on the
limp? Yeah, you can get us

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at wishes dot eg. If you
go to wishes dot im and see you

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can get on the waiting list or
we are we are super close to launch.

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We've been building this for about a
year and a half and uh yeah,

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I mean super super excited about the
product, super excited about where this

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is going to be changing charitable giving. And if you want to find me

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directly, you can get me a
Chase at Chase Armer on LinkedIn. I'm

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always available to answer questions or look
up for link for LinkedIn for so search

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partnerships as well. So all right, really exciting. Wish you the best

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on this and I'm going to check
it out myself. Got a question for

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Chase myself, shoot me an email
k l acrylots dot com and the link

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to this site is in the show
notes this interview on Financial Survival Network dot

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com. While you're there, sign
up for your free newsletter, Chase.

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Wish you the best and we'll be
following your progress. Thanks Sar, thanks

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for listening to Carrie Letz's Financial Survival
Network, your solution to today's trying times.

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For the latest, go to Financial
Survivalnetwork dot com. Financial Survival Network

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00:12:37,720 --> 00:12:39,279
now more than ever