Overflow is a California-based startup with a mission to “re-invent modern philanthropy” by enabling non-profit organizations to easily accept donations of publicly-traded stocks. At the helm of their engineering department is Kyle Woumn, a former Twilio software engineer and a finalist in Forbes 30 Under 30 for 2022.
Kyle’s passion for technology was sparked at an early age. He earned a computer science degree from Georgia Tech and began his career at Twilio soon after. But since May 2020, he’s directed his talents to a matter near and dear to his heart: generosity. As the Vice President of Product and Engineering at Overflow, he’s committed to making giving as easy as possible.
“We’re essentially the Pay Pal for stock,” Woumn explained to Tech It Anywhere, “A lot of people, their wealth is in stock, whereas 10% is in cash. So, we’re trying to unlock most of that,” he elaborated. According to Woumn, enabling stock donations has been critical to allowing non-profits to maximize their fundraising, as the value of stock donations is often higher than cash donations.
“The average value [of donations] through our platform is $8,000,” Kyle explains.
Overflow also partners with The Giving Block to allow cryptocurrency donations on the platform.
Highlights
2021 was a big year for Overflow. In addition to launching “Overflow for Corporations” to provide corporate employees better options for their personal philanthropy, the company raised $10M in a Series A round.
“Overflow for Corporations is going to be my primary focus [in 2022],” Woumn explained. “[Overflow for Corporations] allows employees to make equity donations to nonprofits,” he adds.
2022 Plans
Kyle has had a long and fulfilling journey in tech but, in his current role, he feels that he’s truly found his calling.
“I realized how important team is right and how important it is for your team to be aligned,” he explains, “Vance, he’s a great leader and someone that has vision and, a big vision at that too. [He’s] someone that can execute and make things happen,” Kyle elaborates about Overflow’s CEO Vance Roush and finding a home with the Overflow team.
To support their big visions, Overflow has increased its staff by approximately sixfold over the past year.
On being named one of Forbes 30 Under 30 in 2022, “It feels like a dream. A list doesn’t define who I am. But it is good to be recognized,” he adds.
