ChangeIt (Formulating Change Inc.)
ChangeIt® is a crowdfunding platform that leverages today's shift to cashless purchases to enable consumers to support their favorite causes with each purchase.
- Stage Full Product Ready
- Industry Financial Services
- Location Waterloo, ON, Canada
- Currency CAD
- Founded May 2008
- Employees 12
- Website ChangeIt.com
Company Summary
ChangeIt® partners with financial institutions to enable their customers to support charities by rounding up cashless purchases (E.g. nearest dollar), creating Virtual Change®, & directing it to their preferred charities.
Importance to partner FI's:
- Top-of-wallet advantage
- Increased card spend, &
- CSR Initiatives.
Importance to partner charities:
- Traditional giving declining
- access to new donors, &
- New & Recurring revenue stream.
Team
-
Jim StirtzingerChief Operating Officer
Managing and mentoring the staff & daily operations of Formulating Change Inc.
12 years COO & VP Operations in the regulated Healthcare IT industry.
Both international public companies and private start-ups. -
Director of Technology
Chief Architect and team lead of our technology based activities.
BMath (Honours Computer Science) from University of Waterloo
Lead software developer for several Waterloo Region technology companies. -
President & Chief Philanthropy Officer
Building key relationships with strategic partners, advisors & investors.
David is the passionate Founder of the ChangeIt®. David advises for several companies in the Social Enterprise space. David holds a BMath and BEd with 18 years experience in Public Education -
Philip HatcherVP Marketing & Business Development
External communications, marketing and business development activities.
Masters of Business, Entrepreneurship & Technology, from the University of Waterloo & Certificate of Advanced Management from Århus Universitet (Denmark).
Co-Founder and Director of Marketing & Sales for a mobile technology company. -
CEO
Former Head of North American Payments, BMO Financial Group
Board Member: MasterCard Canada, Interac, Moneris, CBA -
VP Financial Institution Relationship Management
Selling into and Managing the Financial Institution relationships with ChangeIt. 10 years of CEO experience in Financial Services software and previous 15 years experience at VP level- Sales & Marketing with one of Canada’s Big 5 Banks.
-
Chief Financial Officer
Over 20 years of professional experience in international public practices and bank finance including the CFO role for the credit card division with one of Canada's Big 5 Banks. Membership of Chartered Professional Accountants of Ontario and American Institute of Certified Public Accountants (Illinois).
Advisors
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GowlingsLawyerUnconfirmedKPMGAccountantUnconfirmed
Previous Investors
-
GTAN (Golden Triangle Angel Network)UnconfirmedMichael Stork (Angel Investor)UnconfirmedDaniel Mance (Burlington Resident, Successful Technology Entrepreneur)Unconfirmed
-
IAF (Investment Accelerator Fund)Dan MathersUnconfirmed
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