After almost two many years in the non -profit sector, Kian Alavi I saw one of the biggest pains that the sector experienced: financial management.
So he joined forces with Sean Anderson AND Chad haynes To build a platform that may help non -pro -profit to deal with this pain. The goal was to solve the problem of non -scale money management.
But then Alavi encountered one other problem. Collecting money for construction MaleThe startup he invented about.
“Collecting funds was brutal,” he recalls. “Over 70 VC passed and I stopped counting. Nobody wanted to hear about non -profit organization, not to mention non -profit finances.”
But Alavi, who worked in San Francisco Good Airplane Resource Center For over eight years he was not ready to hand over.
In mid -2024, Mazko raised about $ 1.1 million from Andreessen Horowitz AND Good social fund To develop a company based in San Francisco.
Finech sales for non-profit organization
Alavi and his team worked on building a financial platform, which was designed specifically for non -profit purposes.
“There were companies dealing with fragments, such as basic expenditure accounts and the ability to accept payments for collecting funds for the brotherhood,” he said. But their goal Mazel was to build a fully based solution, “those that all bank and financial tools that a non-profit organization would need”.
“According to this element, everything was because after making an accounting mistake or reporting it does not matter how much you help people, do not happen and risk the loss of non -profit marking and you must close,” explained Alavi.
The startup began in August 2024 and every part was going well. But then Mazko encountered one other problem. The money is over.
But after about a month of the runway and almost missing wages, Alavi and Team collected one other $ 3.5 million in seed financing West partnersIN Great {set}and social good, together with friends, family and advisers.
And now the company emerges from Stealth, because it really works with over 60 organizations with over 1,600 users in just about all 50 states.
For Alavi, the mission is deeply personal.
On his LinkedIn Page, he wrote: “I witnessed something that mustn’t exist: angels and heroes performing miracles with financial infrastructure from the 90s.
“Brilliant organizations feeding our hungry, housing our homeless and struggling for our rights-marked to move broken systems maintained together with the help of spreadsheets, emails and hope. This is not only inefficient. It is immoral. That’s why I co-founded Mazlo, the first truly real financial infrastructure for non-governmental organizations.”
The basic mazlo focuses on the organization of non -profit for collecting money and determining funds. Offers – through a bank partner – to order an inspection account built for the “unique needs” of the non -profit organization; Accounting tools with what it describes as “easy to use transaction coding” and smart cards designed to maintain transparency and controlling.
According to Alavi, since the first implementation of the startup in August 2024, gross profit increased by almost 4x, which is an increase of 275% in 12 months. He had zero so far.
Mazko is currently focused on non -profit organization that provide services to the community.
“Fiscal sponsors were a very interesting sweet place for us – non -profit organizations that ensure trusting supervision, finance management and other administrative services to help create charity projects,” said Alavi Crunchbase News. “Fiscal sponsorship is development And the transformation a part of the non -profit sector, which regularly flies under the radar. “
The 11-person company is also drawn to the market financing website, which incorporates foundations and grantmakers.
Mazelo earns money in several ways. He earns interest on funds that happen on non -profit accounts, the percentage of fees for exchanges from card expenditure and percentage of fees for exchange from processed donations. He also earns money through the SaaS business model, charging a flat fee for a checking account for access to the software platform.
Tom ChavezThe co-founder of the Super {Set} said that in addition to being impressed by Alavi with non-profit organizations, he could also see a “huge” market probability.
Through e -mail, he wrote: “$ 500 billion flows around the balances of these non -profit organizations.”
Chavez admitted that many investors ignored the Non -Profit organization center “because the word” non -profit “naturally scares them”.
“It is longing for the fact that there are hundreds of billions of dollars in the balance sheets of entities, which literally disappoint with a smarter, stronger solution than the Mosaic Oneie Twosies, which they currently use,” he added.
Sean MendyA partner at Westbound Equity Partners noted that his company believes that neglected markets are the biggest opportunities.
“Non -profit manages revenue trillions, but they were left by fintech,” he wrote via e -mail. “Mazko can set the standard for this sector through performance, accountability and new income tools via AI.”
Mendy agrees with Chavez that each technology corporations and investors historically ignored the non -profit sector, because “this is often perceived as too fragmented or not lucrative.”
“This is quite short -sighted, considering that non -profit organizations run USD 3.7 trillion of annual revenues,” he said.