← Embedded Finance Index 2026

Snapraise

“Can a youth fundraising platform become the full financial and operational OS for K-12 athletic programs — from collecting donations to managing and spending program funds?”

HQSeattle, WA (inferred from Copper Banking co-founder connection to Seattle)
FoundersEddie Behringer, Stefan Berglund
Total raised$90M+ (as referenced in Copper Banking press coverage)
IndustryVertical SaaS / Education & Youth Fundraising
The story

Originally launched as Snap! Raise, a peer-to-peer online fundraising platform for K-12 sports teams and youth organizations, the company has broadened into Snap! Mobile — a comprehensive platform for athletic directors and coaches covering fundraising, spend management (Snap! Spend), communications, registration, and scheduling. The embedded finance angle centers on securely collecting and disbursing fundraised dollars, with KYC processes highlighted as core to their trust proposition. Thread Bank's listing of Snapraise as a customer suggests a banking-as-a-service layer underpins the Snap! Spend product.

Last 12 months
2025-12
Product timeline
2014
Snap! Raise launched as an online fundraising platform for school sports teams and youth groups.· pivot
2021
Snap! Raise co-founders Eddie Behringer and Stefan Berglund noted as having raised over $90M in venture funding for the platform.· banking
2025
Snap! Mobile One platform launched as an all-in-one solution covering fundraising (Snap! Raise), communication, program management, Snap! Spend, Snap! Store, Snap! CNXT, FanX, and more.· pivot
The stack
2 layers disclosed in Snapraise’s embedded-finance stack
Banking / BaaS
Thread Bank
Sponsor bank
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.