Crowdfunding is an alternative means of funding that allows individuals to take their ideas forward and make them a reality with the power of other people, ‘The Crowd’. It is the practice of funding a project by raising monetary contributions via the internet. In 2013, the crowdfunding industry grew to be over $5.1 billion worldwide.
To give you an insight into the best crowdfunding websites, from what they do and what they have achieved, we have found you the Top 5 websites, according to the UK Alexa rankings.
5. Funding Circle
Funding Circle is a peer-to-peer lending service which allows savers to lend money directly to small and medium sized businesses. Funding Circle has facilitated over £750 million in loans to small and medium sized firms and have over 42,000 investors in the UK, all of which have lent to businesses.
Crowdcube enable anyone to invest alongside professional investors in start-up, early stage and growth businesses through equity, debt and investment fund options. They have successfully funded over £1 million, have over 200,000 investors and have funded nearly 300 businesses.
GoFundMe is a platform that allows people to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses. Hundreds of thousands of people have raised over $1 Billion from 16M donors.
Indiegogo is a way for people all over the world to join forces to make ideas happen. Since 2008, millions of contributors have empowered hundreds of thousands of inventors, musicians, do-gooders, filmmakers—and other game-changers—to bring big dreams to life, and have raised over $56 million.
Kickstarter is a new way to fund creative projects. They are home for everything from films, games, and music to art, design, and technology. Kickstarter is full of small and large projects, which are brought to life through the direct support of the people. Since their launch in 2009, 9.4 million people have pledged nearly $2 billion, funding 92,000 creative projects.
Congratulations to Kickstart.com on being the Number One Crowdfunding website on the internet!