Givefront

Givefront, operated by Clav Inc., is a San Francisco-based financial management platform built exclusively for nonprofit organizations. Its core products are nonprofit corporate cards (virtual and physical) with spend limits and category restrictions, expense management tied to budgets and grants, receipt tracking with automated reminders and text/email upload, bill pay and staff reimbursements, sales tax refund recovery, budget creation by fund, grant or department, and accounting sync with platforms such as QuickBooks and MIP. Cards require only an EIN rather than a personal credit check and carry no annual fees; the Givefront Visa Commercial Credit Card is a pay-in-full charge card issued by First Internet Bank of Indiana through a partnership with CapitalOS.

The platform is oriented around nonprofit-specific finance workflows: managing restricted and unrestricted funds, tracking grant-based budgets, tagging expenses to IRS Form 990 categories, enforcing donor and grant spending rules, role-based approvals and permissions, and generating reports for audits, board meetings, and funders. Additional capabilities include real-time transaction visibility, live dashboards, policy alerts, and AI-assisted expense categorization and fraud detection. Documentation covers cards, budgets, spend restrictions, spend policies and receipt collection, requests, accounting, sales tax tracking, organization management, roles and permissions, payment settings, and statements.

Segments served include nonprofits, foundations, churches, animal rescues, homeowner associations, arts and culture organizations, food banks, and NGOs. Published customer references include Operation Horses Heal (Westboro, WI), MEIRS, and Encore Performing Arts.

Founding story

Founder and CEO Matt Tengtrakool studied computer science and statistics at Harvard before dropping out; earlier he built a microloan aggregation startup in Nigeria and worked in and led several nonprofits, helping one grow donations to nearly $500,000. He built the first version of Givefront as internal tooling for organizations he worked with after finding that their financial tools were inadequate for compliance and protecting tax-exempt status. Co-founder Aidan Sunbury was a UC Berkeley student; both founders were 21 at the time of the seed announcement, and the team includes a 17-year-old founding engineer.

Business model

Givefront sells software and a card program to nonprofit organizations, positioning itself as a vertical layer on top of existing nonprofit accounting and banking systems rather than a replacement for them, with pricing tiers published on its site and a free entry option.

Revenue comes from card interchange and subscriptions tied to the bill pay product. The company has said it plans to add adjacent products including payroll, banking, budgeting, and potentially investment and endowment management.

Traction

Since launching cards roughly six months before December 2025, Givefront has onboarded hundreds of nonprofits and reports more than 200% month-over-month growth in revenue and total payment volume, targeting about 1,000 organizations by year-end 2025 and 5,000 by mid-2026. Team size is listed as six. Named customers include a church congregation, MEIRS, Encore Performing Arts, and Operation Horses Heal.

Latest developments

In December 2025 Givefront announced a $2 million seed round led by Script Capital with participation from Y Combinator, C3 Ventures, Phoenix Fund, and angels including the CEOs of Chariot and Wealthfront, to be used for distribution, hiring, and expanding the cards and bill pay products. The website also promotes a new grant and budget tracking release.