Celebridge, Stealth Mode Tech Startup Focused on Redefining Fundraising Process for Celebrities, Partners with Frontstream, $4 Billion a Year Transaction Processor

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Celebridge, a New York City based internet technology company, and Frontstream, multinational provider of donation management products headquartered in Washington, DC, announced today a strategic partnership that encompasses all tiers of electronic donation processing.

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"I think Celebridge's business model is phenomenal. We are looking forward to working with them," said Nina Vellayan, CEO of Frontstream.

Customized integration solution, using companies' APIs, will allow Celebridge to effectively handle micro donations, which will translate into an estimated $5.2 million a year savings in transaction costs for the internet firm. For Frontstream the alliance will open the door into a new, untapped market - a move that will help solidify its leading position within the industry.

"We feel lucky to find a partner company that perfectly fits our multiplex requirements," Gregory Murmylyuk, CEO of Celebridge, stated.

"I think Celebridge's business model is phenomenal. We are looking forward to working with them," said Nina Vellayan, CEO of Frontstream.

About Celebridge:
Celebridge is a stealth mode internet start up company that has created a revolutionary technology, which will finally allow celebrities to most effectively yet effortlessly realize their tremendous fundraising potential alongside the indirect achievement of other professional goals. This technology is currently being offered to selected nonprofits and celebrities.

"Historically nonprofits are lagging a little behind on technology, because naturally this is not what they are expected to spend money on, even if it hurts their primary objectives. I am happy we have an opportunity not just to help but to make a real difference," Gregory Murmylyuk, CEO at Celebridge has said.

About Fronstream:
FrontStream is a multinational provider of integrated back-end merchant solutions and robust front-end payment and donation management products. The company has well-established client relationships in virtually all business sectors and a strong partnership presence in the B2B and Nonprofit sectors. Offerings include turnkey payment processing, fundraising, employee engagement and CRM solutions that enable clients to increase revenues through mobile, in-person and online acceptance of ACH eChecks and credit/debit cards. The company is headquartered in Washington, DC and has offices in Reston, VA, Franklin, TN, Lacey, WA, Boston, MA, Lancaster, PA, Toronto, ON and West Melbourne, VIC, Australia. Fronstream processes about $4 billion in transactions annually.

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Diana Gregory
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since: 09/2014
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