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Lying between donation and investment, if you are acquainted with the term ‘crowdfunding’, you will surely know that it is quickly snowballing into a major industry. In fact, a report has even predicted that by the end of 2014, crowdfunding will have generated 2, 70, 000 jobs and pumped in over $65 billion into the economy. This only highlights a new class of investors who wish to see start-ups grow and groundbreaking ideas and causes driven to the fore. Here are 8 crowdfunding platforms to help you get started.
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Crowdfunding For Causes8 Platforms To Get You Started
Your thoughts on the global crowdfunding landscape?
2 simple questions…
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2 How will it affect our economy?
2 examples to help your minds build the momentum.
+Pool project in New York
Build floating swimming pool + Allow people to swim + In the middle of East River = Cool idea
Like hell it is!
Raised over $273,114
Mind blown?
3Doodler
Pen drawing 3D images in air = Awesome idea!
Sought $30,000
Raised over $2.3 million
Overwhelmed much?
Well, we are!
The larger crowdfunding picture…
Donation Investment
Where do you begin? Which is the right platform for you?
Allows people to raise money for: • medical expenses• education• volunteer programs• sports• funerals & memorials • animals & pets
Create website to describe cause Share with friends & family Receive donations.
Deducts 5% transaction fee from each donation.
Allows to solicit funds for:
• creative ideas• entrepreneurial ventures• charity
Runs on reward-based system - donors & investors receive gift rather than equity stake in company.
Create fundraiser page Sets account with PayPal Creates buzz around fundraiser Raise funds
Levies 4-5% fee for successful campaigns.
For failed campaigns - users can refund money at no charge or keep the amount raised minus 9% fee.
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Helps raise money for:
• personal causes, life events • medical expenses• Education, tuition assistance• adoption• pet expenses/animal rescue
Set up profile with images/videos/external links
Get word out to potential donors Start raising funds
Does not charge processing fee regardless of amount of money raised.
However, PayPal and Wepay payment processors charge 3% per transaction.
Connect people who support a common cause & empower them with the platform and required tools to take action.
Create campaign Build profile to show what causes to
support Reach out to family & friends Build community with like-minded
people Raise money
Charges nothing for donations.
Payment processors may charge meagre transaction amount.
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Help raise money for loved ones in need.
Hugely popular as fundraising site for medical expenses.
Only site with fundraising coaches who provide ideas and guidance on how to raise money online.
Create fundraising page Share page with family & friends Get donations
Operates as for-profit company with social mission.
Charges 7.9% on all transactions including transaction fee charged by credit card companies.
Use social networking gamification and reward point system for philanthropy.
Create online fundraiser Add images & videos for impact Share with everyone Start accepting donations
Personal causes: less than 1% (including credit card fee)
Charity: 3-5% fee before funds are sent to charity + credit card fee
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Fundraise for:
• political campaigns • nonprofits • individuals
Campaigns come with guides, tips, insights and customizable social communications.
Levy 4.9% on every donation raised up to $50,000
Also have special discounts for larger companies.
Enable people to fund & impact communities in India in need of basic facilities. Also, offer skill development through vocational training programs for unemployed youth.
People who want to fundraise for their own causes can do so through Milaap Open.
Set up fundraisers & raise funds.
Charge 5% fees of funds generated.
Payment gateway/card processing fees is 2.5%.
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Quick snapshot
