Tuesday, 16 April 2024
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    Students launch charities app

    An app developed by CSE students enables efficient giving for Australian charities, Engineering University of NSW reports.

    The team who are on a mission to reduce the cost of fundraising for charities, and make it even easier for individuals to donate to the causes they care about.The team who are on a mission to reduce the cost of fundraising for charities, and make it even easier for individuals to donate to the causes they care about.

    In their final year of study, three UNSW Computer Science and Engineering students put their heads together to create an app that could help charities. The creation, Yoinki, was Australia’s first and only mobile, data-driven point of sale app for charities.

    Each year Australian charities raise about $9 billion in donations, but the cost incurred to collect these donations in terms of labour and administration is in the millions. What’s more, charities frequently struggle to retain or identify their donors, meaning they often do not survive in the medium-term.

    After spending months observing the problems charities face, inventors Alvin Sho, Jason Chu and Conway Ying, who graduated from CSE last year, realised that an app could be the solution to reducing administration costs and improving data collection.

    Co-founder Conway says the app allows anyone armed with a smartphone the ability to process debit and credit card donations on behalf of a charity, without the need for additional hardware or traditional eftpos terminals.

    “It’s an ‘out-of-pocket’ face-to-face fundraising solution,” he says. “All charities can use it, as well as community fundraising groups and corporates, who are a big piece of the fundraising landscape too.

    “In the past charities would use collection buckets to collect money. But with more people going cashless, Yoinki is really the only scalable and easily accessible solution for charities or organisations who wish to collect credit card donations.”

    Since its inception last year Yoinki has already partnered with nearly 50 charities including Very Special Kids, Macquarie Group Foundation, REACH Foundation, Special Olympics and the Red Cross.

    One of the significant benefits for charities is that they can see how much is raised in real-time, which was previously not possible with collection buckets.

    The app is free to download.

    FULL STORY

    App lends a helping hand to charities in an Australian first (Engineering University of NSW)

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    University of NSW