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GiftRound Changing Business Structure to Help During Coronavirus

David Paul

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giftround

Fintech GiftRound is looking at ways to change its group gifting collection service to help those in most need during the Covid-19 pandemic.

Edinburgh-based fintech GiftRound is making quick changes to its business systems in a bid to help vulnerable people during the outbreak of coronavirus.

GiftRound is an online tool that makes it easier for staff to collect money for gifts in the workplace. The business was launched in conjunction with RBS Entrepreneur Accelerator Programme, an initiative designed to support entrepreneurs and start-up businesses in Scotland.

GiftRound has added a £1 fee to every contribution made into a group gifting collection. And every £1 given will be donated in full to a UK charity working to support vulnerable people who’ve been affected by the coronavirus. The company is also introducing a 3% fee to all collections given via bank transfer.

The virus has so far infected nearly 230,000 people, with more than 9,000 deaths worldwide. The pandemic has caused countries such as Italy and Spain to go into full lock-down, with the UK now taking measures to stop the spread of the virus.

The government has suggested that the most vulnerable in society, such as the elderly or those with pre-existing health conditions, self-isolate for their own safety, potentially leaving them cut off and in financial difficulty.

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Craig Forsythe, founder of GiftRound, said: “The GiftRound team feel compelled to help in some way in the wake of the coronavirus pandemic. We’re experiencing an extraordinary time. And we need to pull together as a community and support one another.

“We’ve decided to make a change to the way our fees work. To date, we’ve proudly been offering the GiftRound collection service for free but this week we’re making two changes.

“As from Wednesday 18th March we’ll be adding an additional £1 fee to every contribution made into GiftRound collections. And every £1 given will be donated in full to a UK charity working to support the most vulnerable people in our communities who’ve been affected by the coronavirus.

“On Thursday 19th March we’re introducing a small 3% fee to all collections that choose a bank transfer. This will allow us to continue to provide you with our much loved, top-notch service. (There won’t be a fee for an e-gift voucher.)

“We believe the future of GiftRound lies in ‘the gift that gives again’. When we’re through the worst of the Conoravirus pandemic we’ll carefully select another worthy cause in our community that deserves a gift.”

David Paul

Staff Writer, DIGIT

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