The rise of the digital era has made it easy for business ideas, non-profit causes, or personal needs to be fulfilled through crowdfunding platforms. Crowdfunding platforms are easy-to-use tools that help people to collect money. A person can ask for funds through various crowdfunding tools.
Crowdfunding platforms help people to provide money to those who require it. For you, we have evaluated various crowdfunding applications and come up with our top five. Let’s get started.
Indiegogo Inc., was founded by Danae Ringelmann, Eric Schell, and Slava Rubin in 2008. The reason was they wanted to achieve their own causes and ideas. Indiegogo has the best track record of providing help to people, as more than 800,000 people had successful experience since 2008.
The advantages of using Indiegogo is that you will get great investment opportunities from entrepreneurs and other investors. Moreover, it operates worldwide, making it possible to receive help from any where. On the other hand, it charges 5% platform fees and a third-party payment processing fees. With Indiegogo, you can start your campaign from anytime any where for unique idea or product.
StartEngine is a platform that allows regular people to invest money directly into companies and startups in return of equity. This crowdfunding platform was started by Rob Miller, Howard Marks, and Paul Kessler in 2014. This is the best crowdfunding platform for investors as they can freely invest in any new startup.
Moreover, a valid profile of the company is provided on the website with the company’s valuation, price per share, number of investors, and many more things. You are familiar with ABC’s “Shark Tank” and currently its host Kevin O’Leary is a strategic advisor of the company.
The most popular platform of all, GoFundMe was launched in 2010, and since then its has collected over $5 billion from over 50 million donors. There is no restriction, anyone can start their GoFundMe page with reasons varying from hospital expenses to saving a local business.
Moreover, it does not charge any extra platform fees and is enough versatile that you can help your friend, family, or a charity to reach their goals. GoFundMe also provie 24/7 expert support, which makes it easy for you to handle everything. Even though, GoFundMe doesnot have any processing fees but it has a processing fees, which is $0.30 per transaction or 2.9 %.
Mightycause is a non-profit platform, as is one of the lowest cost platform for raising money. Moreover, it offers various free tools to make your request more effective. Mightycause was started in 2006, to help people and non-profit organizations do fundraiser for some cause.
In addition this, this crowdfunding platform is compatible with customer relationship management (CRM) system. You can also ask for free demo and the option of integrating the platform with your social media is available. However, CMR is part of the paid plan, meaning to avail this feature you have to pay extra money.
Another crowdfunding platform that supports startups is SeedInvest Technology. With over 620,000 investors, who helped more than 250 startups and raised approximately $500 million. The founders of the SeedInvest Technology founded the company in 2012 and its headquarters in New York City.
The vision behind starting SeedInvest Technology was to provide investors to the new startups. The length of the campaign lies between 45 to 60 days. You only have to pay any fees whe your fubraiser is a success.
There are many other crowdfunding platforms and websites, yet these five are the best. Each platform has its unique way of raising funds. These crowdfunding platforms help many people and startups to run. However, some platforms that offer services for free.
Hence, these were the platforms that are highly recommended for. We hope that our article helped you in certain way.