A number of words might describe how the Centscere team feels right now: honored, accomplished, or even part of the chosen few. Last week, Centscere – a company that focuses on “innovative fundraising for the digital era” – was named a Benefit “B” Corporation.
For most startups, filing to become incorporated isn’t a challenge, but this particular category is extremely selective.
According to BCorporation.net, “B Lab is a 501(c)3 nonprofit that serves a global movement of entrepreneurs using the power of business to solve social and environmental problems.”
There are thousands of “social businesses” across the globe, but not all meet the requirements to become a B Corporation. In fact, BCorporation.net reported there are only about 1,000 certified B Corporations.
“We’ve proven not only that we are transparent, but that we are committed to solving social, environmental, and humanitarian challenges,” says Frank Taylor, one of the Centscere cofounders. “Our generation does not have to be one of Gordon Gekkos; we are capable of creating businesses whose purpose is not just to make money.”
Despite the team’s excitement, filing to become a B Corporation wasn’t an easy process.
“Pursuing a B Corp certification was an arduous, but rewarding process….a multi-day process where we had to answer hundreds of questions – requiring us to sift through and delicately organize all our financial information and business records to prove a high level of rigor,” says Taylor of the impact assessment.
More about Centscere
According to their site, Centscere “turns your social media actions into everyday behavior.”
“This includes new landing pages, a sleeker user experience, and a more campaign-based approach to fundraising,” says Taylor. “Look out for larger NPOs and global relief agencies to be featured on Centscere.”