Number
Pushpay processes $4 billion and does $98M in revenue on digital tithing
Shaan cites Pushpay, a digital church-tithing company, as proof the religion-tech market is large. He notes a UK founder is building the same thing for Europe, where Pushpay and Tithely aren't yet dominant.
$98M
Annual revenue · USD/year
“$4 billion processed, $98 million in revenue. There's another one called Tithely. And he's like, but they're not big in the UK or Europe right now. I'm gonna build it in UK and Europe.”
Idea
Digital tithing: Venmo for churches
Shaan pitches a fintech app that lets congregants donate to their church via app/QR instead of passing the hat. Comp: Pushpay processes $4.2B/yr in church donations and took $98M; Tithe.ly is another. Churches have a strong incentive to distribute it because their survival depends on donations.
“He goes, tithing. Wow. So he goes, digital tithing. So basically, let's give it an analogy, Venmo for churches. So he goes, there's this company called Pushpay that is currently processing $4 billion a year of digital donations inside a church. So instead of passing the hat around, they pass, I don't know, the QR code around or whatever it is.”
Steal thisDistribute a church-donations app through churches themselves, who are highly motivated to grow giving.
Idea
Digital tithing: Venmo for churches
Shaan pitches a fintech app that lets congregants donate to their church via app/QR instead of passing the hat. Comp: Pushpay processes $4.2B/yr in church donations and took $98M; Tithe.ly is another. Churches have a strong incentive to distribute it because their survival depends on donations.
“He goes, tithing. Wow. So he goes, digital tithing. So basically, let's give it an analogy, Venmo for churches. So he goes, there's this company called Pushpay that is currently processing $4 billion a year of digital donations inside a church. So instead of passing the hat around, they pass, I don't know, the QR code around or whatever it is.”
Steal thisDistribute a church-donations app through churches themselves, who are highly motivated to grow giving.