Crowded’s app gives clubs, associations banking flexibility

Crowded, a free banking app targeting member-based nonprofit organizations, like fraternities, sororities and booster clubs, closed on $6 million to continue developing its suite of banking and member management tools.
Organizations often open banking accounts at nearby institutions, while some groups, like fraternities, sororities and on-campus clubs, are required to bank through their student activities, but without many of the features of modern banking.
Crowded co-founder and CEO Daniel Grunstein told TechCrunch that the company designed its mobile app for the specific needs of club treasu

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