You must have seen an example of online crowdfunding on social media already. Simply put, online crowdfunding is a way to collect funds for a project or cause from multiple people. Crowdfunding platforms have helped charitable organizations and individuals raise billions of US dollars worldwide. In this article, we will introduce you to the top ten online crowdfunding platforms in the world.
Kickstarter is one of the most well-known crowdfunding platforms. Since 2009, the company has helped people raise around 6.5 billion US dollars. Contributors can choose from a wide range of verticals and projects. Kickstarter is an all-or-nothing platform, which means you won’t get paid unless your campaign is successful. It also implies that the credit card of the contributor will not be debited unless the campaign objective is reached.
Transparent Hands is a charitable organization that raises funds through its crowdfunding platform for the welfare of underprivileged patients in Pakistan. The organization raises funds for multiple causes related to health care and connects donors with the most deserving patients. Transparent Hands provides free medical and surgical treatments including free cochlear implant surgeries and organizes free medical camps in the remote and impoverished areas of Pakistan. Transparent Hands is registered in the US, UK, and Pakistan.
If you choose an online crowdfunding platform to donate to a cause, make sure the funds are collected and utilized with complete transparency. Transparent Hands provides multiple easy online payment modes and makes it easy for donors to see where each and every penny of their donation is being utilized.
Most Indiegogo campaigns are for technological advances, creative works, and community projects. The crowdfunding platform functions like Kickstarter, except it does not use an all-or-nothing fundraising strategy. Users can select between two types of funding: fixed and flexible. If the campaign creator chooses flexible funding, they will receive funds regardless of whether the goal is reached. However, if they choose fixed funding, all funds will be returned to the contributors if the campaign goal isn’t met.
You may have seen a few GoFundMe fundraisers for emergencies and good causes on social media. It’s not an all-or-nothing fundraising site like Kickstarter, which means the campaign creator receives the raised funds even if the goal is not reached.
CircleUp is used for both equity and credit funding. The platform also facilitates networking with specialists, retailers, and entrepreneurs.
YouTubers, podcasters, and bloggers are among the digital creatives who use Patreon. The platform has a subscription model where patrons give a certain amount of money every month or for each creation, rather than one-time campaign donations.
Fundable is one of the most well-known online crowdfunding platforms for small businesses. It allows startups to provide rewards or stock in exchange for investment.
Mightycause has a user-friendly platform that allows individuals to meet their fundraising goals. A fundraising page can be set up within minutes. Campaign creators can collect donations from friends, families, communities, and individuals on their social media networks. Campaign creators are not required to meet any goals to use the platform. So, even if the fundraiser falls short of its fundraising target, the campaign creator will still get all the money they raised.
SeedInvest is a platform for equity crowdfunding, in which backers are investors. This means that when investors buy into a company, they become part-owners.
Crowdcube is an investment crowdfunding platform based in the United Kingdom. Investors can explore a wide variety of campaigns to make an informed decision.