All right. Thank you.
Good evening. Thank you to the chair and the committee members for inviting me to speak.
My name is Jacob Wells. I am a co-founder of the crowdfunding platform givesendgo.com.
I'm humbled by the opportunity to participate in these proceedings, and I'm pleased to answer any relevant questions you have regarding the campaigns on GiveSendGo.
I'm amazed to see the growth of GiveSendGo since its inception eight years ago. It was established with one simple mission, which is to share the hope of Jesus through crowdfunding. It's my honour to be able to share that same hope with you today.
Our goal was to create a fundraising platform that brought the utility of online fundraising to the truth that life consists of more than just money and the material world. Again, our mission is to share the hope of Jesus through crowdfunding. Some of the ways in which we achieve this are by calling and praying with our campaign owners and sharing the hope we have through the messaging on our platform and our correspondence with our givers and other users.
Over the past eight years, GiveSendGo has become a leader in the online fundraising space and is now available in over 80 countries. Through our platform, millions of dollars are raised annually to help meet the needs of people and organizations in fulfilling their missions. Though much of what we will be discussing this evening revolves around a domestic humanitarian campaign that became politicized and international, the vast majority of campaigns on GiveSendGo are created by individuals raising money to meet needs such as medical bills, tragedies and mission trips.
One of the distinctions between GiveSendGo and other crowdfunding platforms is that GiveSendGo views itself as a service that allows the raising of funds for legal activities without discrimination. I, as a veteran of the United States Navy, and we, as a company, value freedom and the sacrifices paid for us to live in that freedom, even on matters that we may not personally agree with but are legal by the laws of our governments. Rather than make decisions about what types of legal activities we will host, GiveSendGo has largely chosen to allow the law to determine those boundaries.
I want to be very clear: We do have a verification team that does due diligence to ensure that the goals that are stated in campaigns we host are legal endeavours and that the recipients of the funds raised are identified and verified to use online payment services. As our payment processor does the same, we feel that campaigns on our platform are vetted thoroughly before any funds are disbursed. We then rely on the existing law enforcement agencies to do their job in investigating and enforcing any laws that are violated.
With that being said, I welcome your questions.
Thank you very much.