Funderbuilt Crowdfunding
Crowfdunging is exploding not just in the United States but across the globe. Even a man making potato salad has raised tens of thousands of dollars on crowdfunding site Kickstarter. Many people have challenged the potato salad kickstarter project but Kickstarter is not complaining, it’s within their terms of service and the more money Zach “Danger” Brown raises, the more money Kickstarter will pocket.
That’s not the idea behind a new startup crowdfunding portal called Funderbuilt. The company, based in South Michigan, is hoping to attract project creators, fundraisers, and entrepreneurs by offering something that giants like Kickstarter and Indiegogo do not. That something is, fixed rate fees.
People looking for funding for a variety of reasons can turn to Funderbuilt. Funderbuilt will than take 5% of the total amount the project raises or $250, whichever is LESS. So basically if your project raises more than $5,000 the most you’ll pay is $250.
Funderbuilt has also incorporated it’s own set of tools for managing campaigns. There are a lot of crowdfunding tackers out there that are separate from sites like Indiegogo and Kickstarter. Those tools often lag real time reporting stats and refresh at odd daily intervals.
Funderbuilt’s tools, like FunderFactor and the Funderbuilt Toolbox give project creators dashboard access to how their campaign is converting and allows creators to make real time, impactful decisions.
“Our goal is to attract the best projects and the best funding sources and put those two groups together – that’s where the magic happens,” said David Moncur, Chief Marketing Officer, Funderbuilt said in a statement “Our flat fee pricing model is revolutionary to the industry and we go all out to help project owners be successful with their projects. Our platform has systematized the entire process so it’s easy to upload a project, then learn exactly what you need to do on each day of your crowdfunding campaign to maximize the likelihood of success.”
Funderbuilt’s founders have wowed the folks at Cincinnati based Fifth Third bank who said that they would refer people who were looking for money outside of non traditional business vehicles, to the site.
“The exciting thing about crowdfunding is that it provides much easier access to capital for smaller entrepreneurs, and I believe that it may well revolutionize the formation of new businesses, providing badly needed positive momentum for our economy,” said Mark Morrison, Vice President, Team Lead Commercial Middle Market, Fifth Third Bank. “As a banker, one of the most important factors for lending is cash flow and crowdfunding could help fund the gap until an entrepreneurial business establishes the cash flow necessary to qualify them for a loan. We look forward to working with Funderbuilt as a referral source for start ups and small businesses who don’t meet lending requirements.”
Ready to fund your next project? Head on over to Funderbuilt
