Donation platform collapsed owing 3,200 nonprofits nearly $29 million
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Flipcause, an Oakland-based donation platform, filed for bankruptcy in December 2025 after owing nearly $29 million to more than 3,200 nonprofits. Bankruptcy records showed the company paid $3.8 million to executives, relatives and related firms in the year before filing. Nonprof...
Flipcause, an Oakland-based donation platform, filed for bankruptcy in December 2025 after owing nearly $29 million to more than 3,200 nonprofits. Bankruptcy records showed the company paid $3.8 million to executives, relatives and related firms in the year before filing. Nonprofits later questioned Flipcause leadership over delayed donations and how company funds were managed.
Original Source
https://timesofindia.indiatimes.com/world/us/in-2025-donation-platform-flipcause-collapsed-owing-more-than-3200-nonprofits-nearly-29-million-bankruptcy-records-later-showed-3-8-million-went-to-executives-relatives-and-related-firms-before-liquidation/articleshow/134457447.cms
