Last Updated on February 10, 2012 by New-Startups Team
Karma Exchange is a daily deals website but with social change in mind. A “new way of social buying that offers you amazing ways to indulge yourself, explore your city, and directly contribute to a charity that is helping to break the cycle of poverty.” For every purchase on their site, a portion of the revenue is given to a charity.
We recently covered Raise5, a crowdfunding platform that allows one to give by offering your talents, Karma Exchange is another platform that is helping those in need through its business model. Rather then encouraging people to change their lifestyle, organizations like Karma Exchange are providing a place for us “to shop with heart”.
Karma Exchange doesn’t just give to any charity neither – by following its values and goals, the site says: “they only give to charities that have a high transparency and are committed to helping people climb out of poverty by providing access to clean water and education.”
Founded by Shannen O’Brian and based out of Vancouver, Karma Exchange lets users pay a reasonable discount for items (like $30 for a Valentines bouquet valued at $60), but not only do users get a great deal, they also will be paying for girls in Ghana to go to school. If the deal is also shared through Twitter or Facebook, the company will give an additional $1 to the cause being supported.
Karma Exchange: The more you save, the more you give, the more good karma will find its way back to you.