“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?”
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.
Snapraise discloses Thread Bank as its banking provider, according to the Embedded Finance Index 2026.
Snapraise does not disclose a bank charter of its own; its banking services are provided through Thread Bank.
The Embedded Finance Index 2026 maps 2 layers in Snapraise's stack: Banking / BaaS (Thread Bank); Sponsor bank (Thread Bank).
Snapraise was founded by Eddie Behringer and Stefan Berglund and is headquartered in Seattle, WA (inferred from Copper Banking co-founder connection to Seattle).
Snapraise has raised $90M+ (as referenced in Copper Banking press coverage) in total.
Get a read on where your own stack stands against Snapraise and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.