# Bmycharity to close

- Link: https://fundraising.co.uk/2010/03/12/bmycharity-close/
- Published: 2010-03-12T11:41:32+00:00
- Author: Howard Lake

Online fundraising service Bmycharity is to close over the next three weeks. The
company made the announcement in an email to its clients and on its blog.

Founders Ben Brabyn and Matt Cooper explained that they had made the decision following
the recent failure of a proposed deal that would have brought them investment to
help support their expansion. They had been seeking additional resources for some
time to help them to develop their system and expand their team.

Since 2001 the site has helped 300 charities raise over £28 million. Ironically,
the site, which moved to a commission-free service last year, still had a queue 
of charities waiting to register, and it had recruited its first major corporate
sponsor in the shape of Interactive Investor. Donation volumes and average values
had also surged, according to Brabyn.

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He apologised for the inconvenience that the closure would cause to the site’s users
and clients. He wanted to make clear, however, that all charities’ income was protected
in client accounts, so charities would not lose any of the income raised for them.

Brabyn concluded on his blog post: “Without additional resources, we’ve done all
we can to contribute to the development of the market for online fundraising in 
the UK, and now the time has come to seek other challenges”.

www.bmycharity.com