You have a smouldering business idea – something that you know could be a success. But producing it and getting it to market is a challenge that looms large. The funds to get you started.
Startup funding has changed over the years. No longer do you need to make an appointment with your bank manager. Standing in the way of right now, and the future of profit you can almost touch. For some, a savvy solution comes in the form of crowdfunding – which puts ideas out to the masses and promises small gifts in return for making set financial contributions. These take the form of tiered amounts, from what could be as little as £5, upwards – with the gifts typically linked to the product that the crowd will eventually make happen.
There is a catch, however, ideas must reach full funding of a set amount. Otherwise contributors could be refunded should the deadline pass. So it is absolutely necessary to get the word out there through marketing. However Crowdcube does have a very active and involved community, as well as social tools for reaching people through the power of social media.
There are now many other crowdfunding platforms out there (such as Kick Starter and GoFundMe), however Crowdcube is officially the UK biggest funder with over 500,000 registered members and 641 successful raises to date*.
“We decided to work with Crowdcube because they had the most raises over £1m out of any other crowdfunding platform. They supported us the entire way through the process to ensure wed be successful. As pioneers and leaders in the space, we couldn’t recommend them enough.”Alex Zivoder, CEO of goHenry
Description: Crowd Funding, Peer To Peer Lending
Operating System: Cloud
Application Category: Crowd Funding