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FINTOP Capital Announces Exit of Portfolio Company KindfulNASHVILLE, Tenn., Jan. 8, 2021 /PRNewswire/ -- FINTOP Capital, a venture capital firm focused on B2B SaaS (software as a service) companies in the Financial Technology (FinTech) space, announced today that it has exited its investment in Kindful, a nonprofit software platform known for its best-in-class third party application integrations and online fundraising tools. Financial terms of the transaction were not disclosed. Bloomerang, a leader in cloud-based donor management and fundraising software for small and mid-size nonprofits, acquired Kindful to accelerate their vision of helping nonprofits fund their missions. The new combined company will offer an expanded set of capabilities to help nonprofits attract more donors, deepen existing donor relationships and improve fundraising effectiveness. The acquisition builds on a strong year for Bloomerang which recently received a strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software companies. Based in Nashville, Kindful was founded with the simple mission that nonprofits should be able to spend less time focused on their database and more time focused on their mission. With more than 12,900 nonprofit users and $8.3 billion tracked donations, Kindful has established itself as a leader in nonprofit software, earning a spot on the 2020 Inc. 5000 list. FINTOP Capital invested in Kindful in 2016, along with fellow early investor Meeting Street Capital of Charleston, South Carolina. "Nashville needs more quality firms like FINTOP Capital and Meeting Street Capital who deeply understand SaaS and FinTech," said Jeremy Bolls, Founder and CEO of Kindful. "They quickly understood and aligned with our vision and investedin Kindful not only financially but also in quality time and attention as we accelerated our growth. I'll forever be grateful for the partnership and look forward to supporting Nashville's FinTech ecosystem." "Kindful holds a special place in FINTOP's heart," said Joe Maxwell, managing partner at FINTOP Capital. "Not only are they local to Nashville, but they were our first investment as a firm. We have loved working with Jeremy Bolls, Andy Howell, and the entire management team and are thrilled to see them move to the next level with respected companies like JMI and Bloomerang." About FINTOP Capital About Kindful About Bloomerang About JMI Equity About Meeting Street Capital Contacts: For Bloomerang: For JMI Equity:
View original content:http://www.prnewswire.com/news-releases/fintop-capital-announces-exit-of-portfolio-company-kindful-301203480.html SOURCE FINTOP Capital |