Billy
WinRed: a 2-year-old company quietly making millions off political fundraising
Sam describes WinRed.com, a roughly two-year-old payments platform behind aggressive conservative fundraising emails (matching-donation pitches from Trump and Breitbart). It takes a fee on every transaction and has processed billions in political donations.
“And I looked at the service that was, uh, do it like the service that was promoting it had like amazing copywriting. I was like, what is this? And it's a website called winred.com. It's only 2 or 3 years old. And that short amount of time it's trans, uh, it's, it's collected roughly, or it's done, uh, over, I think a few billion dollars in transactions.”
Number
WinRed raised $1B in 15 months; ActBlue took 12 years
Shaan reads WinRed's stat that Republicans raised over $1 billion through the platform in 15 months, versus 12 years for the left-wing equivalent ActBlue to hit the same point, illustrating WinRed's explosive growth.
$1000M
Donations raised in 15 months · USD
“it says $0 to $1 billion in 15 months. Republicans have raised over $1 billion on WinRed in 15 months. I don't know if I believe all this, but that's pretty amazing. And by the way, they show a chart. This chart's kind of amazing. I'm gonna, I'm gonna tweet this out. Um, they show ActBlue, which is like the, like the left-wing side of this, and they show that it took, uh, 12 years for them to get to this same point, and 1 year for— essentially just over 1 year for WinRed to do it.”