Customer story
Daffodil: Fintech for Philanthropy, Built on Trust
About Daffodil
Daffodil is reimagining philanthropy with technology. They connect high-net-worth donors and wealth advisors to vetted charities through an intelligent, automated giving platform.
Their mission is to automate the end-to-end deployment of charitable capital to nonprofits with impact-based matchmaking, continuous visibility into the nonprofits’ impact, and seamless money movement between donors and nonprofits.
To make this work, Daffodil needs infrastructure that’s flexible, transparent, and built for complexity.
Their mission is to automate the end-to-end deployment of charitable capital to nonprofits with impact-based matchmaking, continuous visibility into the nonprofits’ impact, and seamless money movement between donors and nonprofits.
To make this work, Daffodil needs infrastructure that’s flexible, transparent, and built for complexity.
Earning trust with every transaction
Trust is core to Daffodil’s model. Donors need to be certain their funds were delivered and put to work as promised. Charities need visibility into incoming funds. With Increase’s direct connections into the Federal Reserve, Daffodil can track every transaction, from initiation to completion. Every piece of trace data is passed along to Daffodil, down to the submission status of an ACH transfer at any time.
This visibility enables Daffodil to spend less time looking up payments or managing reconciliation, and more time doing what they do best: matching money to impact.
This visibility enables Daffodil to spend less time looking up payments or managing reconciliation, and more time doing what they do best: matching money to impact.
“We could have gone with any partner. We went with Increase because it's trustworthy and reliable. You can see when a payment is completed, and if a payment doesn’t come through, there’s real-time visibility into what happened.”
– Dinesh Nadar, Chief Technology Officer
Flexible infrastructure for a complex money flow
Daffodil designs everything around trust and accountability. This means managing a sophisticated money flow from a donor’s account, to Daffodil's donor-advised fund, to a charitable organization, all while preserving transparency and reliability.
Increase provides the underlying financial infrastructure to make this possible. Daffodil can define their own ledger and customize how money flows across entities. Daffodil can also programmatically spin up unique Account Numbers for each donor and charitable organization to track inbound payments arriving into one Account, which helps them to automate reconciliation.
Increase provides the underlying financial infrastructure to make this possible. Daffodil can define their own ledger and customize how money flows across entities. Daffodil can also programmatically spin up unique Account Numbers for each donor and charitable organization to track inbound payments arriving into one Account, which helps them to automate reconciliation.
“We’re not constrained to how a traditional bank sets up accounts. With Increase, we can build a trustworthy, reliable platform on our terms.”
Built for builders
Daffodil’s team was able to start building on day one. From the beginning, Increase’s APIs matched their mental model — intuitive, predictable, and complete.
For a team that values automation and scale, this was critical. Daffodil uses Increase to programmatically create accounts, initiate payments, and trace funds using APIs and the Dashboard.
For a team that values automation and scale, this was critical. Daffodil uses Increase to programmatically create accounts, initiate payments, and trace funds using APIs and the Dashboard.
“With Increase, we've not only improved the speed and efficiency of our payment processes, but we've also expanded our offerings to better serve our customers. And we didn’t have to reach out to your support team once for help!”
Doing more good
Daffodil’s approach is purpose-built for scale: hundreds of donors, thousands of nonprofits, all orchestrated through a central giving engine. With Increase’s infrastructure, Daffodil is powering the next generation of philanthropic finance that is automated, transparent, and built for impact.
Increase is not a bank. Banking products and services are offered by Grasshopper Bank, N.A., Member FDIC, First Internet Bank of Indiana, Member FDIC, and Core Bank, Member FDIC. Cards Issued by First Internet Bank of Indiana, pursuant to a license from Visa Inc. Deposits are insured by the FDIC up to the maximum allowed by law through Grasshopper Bank, N.A., Member FDIC, First Internet Bank of Indiana, Member FDIC, and Core Bank, Member FDIC. FDIC deposit insurance only covers the failure of the FDIC insured bank.