Crowded, a fintech startup based in Miami, raised $7.5 million in Series A funding led by Flashpoint. With over 35 institutional clients, the startup aims to enhance its sales and marketing efforts after previously raising $6 million in seed funding. Crowded focuses on helping nonprofits manage finances, indicating a gap in available resources for organizations after they secure funds. CEO Daniel Grunstein explained the importance of addressing financial management for nonprofits, which often receive guidance on acquiring funds but not on managing them effectively.
We really want to double down on what's worked for us, which is that in-person, field sales approach.
There was a lot on how to get money and not a lot on how to manage the money you've raised.
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