From Vision to Action: Dominic Kalms Pioneers Philanthropy Through Technology

The financial technology sector has greatly benefited communities all over the globe by making financial services more accessible and democratizing access to capital. Mobile banking, digital wallets, and crowdsourcing sites have enabled people and companies by giving them once unattainable financial instruments. Particularly in underdeveloped areas, fintech’s efficiency and ease have simplified transactions, lowered prices, and promoted economic inclusion. Furthermore, fintech’s ability to scale philanthropic donations, open charity, and power creative fundraising ideas positively affects our society. All things considered, fintech transforms how people interact with financial services, advancing financial literacy, resilience, and socioeconomic development.

Renowned in the spheres of philanthropy and business, Dominic Kalms is well-known for his significant contributions to the FinTech sector and philanthropic space. Having raised over $120 million in venture capital, credit, and charitable funds over his career, Kalms has become a major advocate for combining technology and philanthropy to generate social impact. Driven by his desire for social justice and his cosmopolitan background and life experience, his path has produced creative ideas meant to increase charitable donations.

Kalms then moved into the public sector, working with in the Senate Finance Committee in Washington, D.C. in the Chairman’s Office. There, he learned about the operations of the U.S. government and its shortcomings in handling true social issues. This experience strengthened his conviction that government was not the solution to the problems in society and that in fact a convergence of the private sector and the public sector was what was needed to truly move the needle in helping solve some of society’s greatest challenges.

With that in mind, Kalms embarked on his entrepreneurial career, merging profit and purpose to create companies whose products helped improved society through sustainable business models, and all while generating a return for investors. With the launch of his first company GVNG, a FinTech platform that transformed charitable giving by enabling the establishment of instant philanthropic giving accounts, Kalms’ entrepreneurial path expanded decisively. Forbes dubbed GVNG as “one of the most revolutionary platforms in the social impact space today” and leading public personalities and businesses used the platform to manage their charitable projects. Currently, Kalms is the president of GVNG and on its Board of Directors.

With his current company, B Generous, Kalms created the world’s first philanthropic credit marketplace which allows nonprofits to access credit from banks so that they can grow their organizations exponentially through the use of alternative capital, instead of relying solely on donations, grants, pledges etc. B Generous is democratizing credit for nonprofits, offering capital to the 97% of nonprofits in the U.S. today who cannot access traditional bank credit.

 Kalms revealed in a recent interview his path and the reasons behind his business activities. He thought back on how growing up and seeing such extreme disparities in poverty and wealth at such a young age around the world truly shaped him to be committed to social change. From Wall Street to the Senate Finance Committee, to running venture capital backed tech companies, his career path finally brought him to be able to use private sector innovation to help solve societal problems.

Apart from his business endeavors, Kalms participates actively in several charitable projects and sits on the Board of some notable nonprofit organizations. Kalms is a member of the Forbes Nonprofit Council and the Global Citizens Forum, he serves on the fundraising boards of Forest Whitaker’s Foundation and Val Kilmer’s Foundation, and Milken. He also started his own nonprofit a few years ago called EndCovid-19.org which donates protective gear to frontline medical workers and vulnerable populations all throughout the United States.

The career of Dominic Kalms is evidence of the transforming ability of merging philanthropy with financial technology. Through GVNG and B Generous, he has developed platforms enabling more effective, accessible, and convenient means of philanthropy. His vision and commitment still inspire ideas that close the gap between public sector values and private sector capacity, therefore promoting good social change on a worldwide basis.