#Charityfinance week: Looking at alternative ways for your charity to generate more income

Stephen Harvey
Posted by Stephen Harvey
Posted on October 09, 2018 Leave a comment

I’ve spent the best part of the last twenty years working in charities. Most of this time, except for the last three years where I’ve been CEO of a charity (and still am part time), has been focused on fundraising – bringing in money so that each of the charities could further their mission.

I have first-hand experience of how difficult it is to generate income year after year. How challenging it is to think of the next fundraising idea… I still love this challenge.

Over the past year I’ve also been working at Akoni Hub – this blog post is on the Akoni Hub site so you might have guessed that. Akoni is a fintech business founded by one of the Trustees of the charity where I am also CEO. When I first heard about Akoni’s offering I immediately recognised the huge benefits it could have for the nonprofit sector. It’s a view shared by many of the charities I’ve spoken to.  

Using Akoni’s innovative, digital cash management platform charities, in fact all businesses, can find the best interest rates for their risk and term requirements and spend the extra earnings on things that matter. All at the click of a button – without having to set up multiple bank accounts.

The video on our website sums up the simplicity and the effectiveness of the platform.

So I guess this is fundraising. But it’s a different kind of fundraising – it’s hassle free. It can be tailored to your requirements. It utilises resources (cash in bank) which are not bringing in income. It’s guaranteed. Making your cash (think of those reserves in the bank!) work harder for you could be the easiest fundraising in your portfolio.

Please feel free to get in touch with me at Stephen.harvey@akonihub.com if you’d like to find out how Akoni Hub can help your nonprofit to maximise your cash.

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