These 21-year-old dropouts raised $2M to build Givefront, a fintech for nonprofits | TechCrunch

"Givefront, a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley's Aidan Sunbury, aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars each year, yet most still rely on outdated financial tools. Givefront believes that modern spend management, compliance, and reporting infrastructure-tailored to nonprofit realities-can unlock significant efficiency gains across the sector."

"Before starting Givefront, Tengtrakool experimented with a microloan aggregation startup in Nigeria. He later worked inside several nonprofits while studying computer science and statistics at Harvard, including running a few organizations himself. At one nonprofit, he helped grow donations to nearly $500,000. Tengtrakool says these experiences revealed a clear gap that nonprofits face. They have strict regulatory and reporting requirements but lack the tools that modern businesses take for granted."

""I've always been interested in financial systems, and this work fits naturally with that," he told TechCrunch. "While helping run these nonprofits with a few other students, we realized most of them didn't have adequate financial tools to ensure compliance or protect their tax-exempt status. The tools they relied on were completely out of sync with what's considered modern in the startup world.""

Givefront is a YC-backed startup creating a financial platform specifically for nonprofits such as food banks, animal rescues, NGOs, churches, and homeowner associations. Nonprofits account for roughly 6% of U.S. GDP and move trillions annually, yet many still use outdated financial tools. Givefront targets modern spend management, compliance, and reporting infrastructure tailored to nonprofit realities to drive efficiency gains. Founders Matt Tengtrakool and Aidan Sunbury combine nonprofit operational experience and fintech interest. The initial product evolved from internal tools designed to ensure compliance, protect tax-exempt status, and fill reporting and regulatory gaps nonprofits face.

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