Crowdfunding Platforms in Australia and New Zealand

If anyone needed a clear example of how fast the crowdfunding space is growing then this list of crowdfunding platforms in Australia and New Zealand would be a good demonstration. In the time since completing my book Crowdfund it! we’ve had a number of new additions to the local crowdfunding market with a few more expected in 2014.

I’d love it if you would email me at anna at digireado dot com dot au if you know of any that should be on this list.

While not Australian platforms at all, the most recent international expansions to Australia include Kickstarter and Indiegogo. You can read the post about the launch 13/11/13 of Kickstarter here and the details on the Australian representative of Indiegogo here.

This post will continue to be updated as I add new platforms.

Australian Platforms

 

ASSOB (AUSTRALIAN SMALL SCALE OFFERINGS BOARD)

Focus: Capital Raising Platform for Unlisted Companies

Fees: Listing fee of $900 for application to apply. If accepted fee of $3960 to raise capital. If raise funds charged 8%. A sponsor fees will need to be appointed to provide investment documents, organise meetings with investors and actually fundraise with ASSOB, earning around 8% raised, Investors are not charged.

Read the interview with ASSOB CEO here.

Website


CHUFFED

Chuffed-Crowdfunding

Focus: Aimed at social enterprises, not-for-profits and community organisations. Chuffed is the first crowdfunding platform in Australia to raise seed funding from a third party social innovation investor. Chuffed will also help customers design their campaigns..

Funding: Chuffed allows both all or nothing and keep all campaigns.

Fees: Chuffed does not charge fees for using the platform, but passes on transaction costs of 1.4 per cent plus 30c per transaction. They do have an optional donation button to aid with administration of the site.

Read about their new Facebook app here.

Website


FANFUEL

FanfuelIcon

 

 

Focus:  Fanfuel aims to change the sports sponsorship industry. Crowdfunding is the first tool they are offering for athletes and sporting organisations to access funds in alternative ways.

Funding: All or Nothing OR Keep All (Flexible Funding)

Fees: They charge a 5% fee and pass along PayPal fees of 3%. International transfers vary depending on what country the project is launched in. As fanfuel is a global platform, project creators should also be aware of possible currency conversion costs.

Website


IPLEDG

Focus: Creative, Community, Commercial, Charitable

Funding: All or Nothing *Newsflash – Just moved to a ‘Tipping Point’ model – see their site for details.

Fees: 5 % plus Paypal or Visa transaction costs (around 2-3%) on projects that meet their funding target.

Website


Jumpstartz

Jumpstartz-Crowdfunding-logo- LS

Focus: Crowdfunding and Crowdsourcing for Tech Startups, including games, software and web based businesses.

Funding: Startz Funding (All or Nothing) and Jump Funding (Keep All with a milestone set).

Fees: 4% fee with transaction costs generally sitting at around 5% of total project funding. Jumpstartz deduct pledges when made and refund if the final target (with Startz Funding) or funding milestone (with Jump Funding) are not met.

Website

POZIBLE

Focus: Creative

Funding: All or Nothing

Fees: 4 % (with invitation – see site for further information) or 5 % standard. Transactions costs also apply and fees are only  charged if project meets funding target.

Website


Publishizer

lPublishizer_ogo-black-background

 

Focus: A pre-orders (crowdfunding) platform for funding books.

Funding: All or Nothing. If the campaign doesn’t reach pre-order goal, all donations are returned.

Fees: Publishizer charge 5% on successful campaigns plus PayPal transaction fees of 2-3%.

Website


SPORTAROO

Sportaroo_Crowdfunding Sports teams

Focus: Crowdfunding for Sporting Teams

Funding: All or Nothing

Fees: 10% success fee with transaction costs generally sitting at under 3% of total project funding.

Read out interview with Sportaroo here.

Website


SPROUTBACK

SproutbackLogo

 

Focus: Anything that is project based and meets their guidelines (i.e. nothing distasteful). Sproutback have set up partners to help with crowdfunding projects (for instance recording studios or graphic designers), will help with a mentor program and also offer 3D printing services for the cost of materials and shipping only.

Funding: All or Nothing

Fees: Leading up to their full launch at the end of November 2013 they are offering 0% fees. After launch they will be charging 5% success fee plus transaction costs of 2-3%. Payments provided through Australian based eWay.

Website


STAGE LABEL

LR_StageLabel

Focus: Crowdfunding for individual fashion designs. Set to launch in 2013, Stage Label enables fashion designers to offer their designs for pre-purchsase.

Funding: Tipping point and final funding goal. Until tipping point

Fees: 30% success fee – lower than the +50% most boutiques/retailers charge – with payment provider fees of around 3-4%.

Sign up via their landing page to be kept informed or to talk to them about your designs.

Sign up Page


STARTSOMEGOOD (AUSTRALIAN CO-FOUNDER)

Focus: For social entrepreneurs and non-profits

Funding: Until ‘funding tipping point’ it is All or nothing. After that it is Keep All. See their website for further details of their unique funding model.

Fees: 5 per cent plus Paypal transaction fees.

Website


SUBSCRIBBLY (LAUNCHING 2013)

Subscribbly

Focus: An alternative funding model for creative projects using a ‘mash-up’ of a subscription management tool with a crowdfunding tool.

Funding: ‘All or Nothing’. Like many crowdfunding models, the project only goes ahead if the number of target number of subscribers is reached.

Fees: $10 per month for project creators. Currently accepting proposals this upcoming model will allow creators to engage with their fans by encouraging them to subscribe to their project. Subscribbly see this model gives a creative project the ongoing support they need to launch.

Website


TEAMBUS

TeamBus_Crowdfunding

Focus: A sports club and athlete fundraising site.

Funding: Operates on a Keep All model with all donations delivered to the fundraising organiser.

Fees: 5.5 per cent fees with discounted rates to some of their partner clubs and organisations. They also pass on PayPal transaction fees of 2.4 per cent meaning athletes or sporting clubs receive 92% of funds raised.

Website


VILLAGE RAISED

VillageRaised-Crowdfunding-Kids

 


Focus
: An online fundraising platform and community website to help digitally connected parents to raise money for their kids’ schools, day care centres and sporting teams

Funding: All or nothing.

Fees: They charge a 5 per cent success fee plus Paypal transaction fees of around 3 per cent.

Read my interview here.

Website


ZOSHPIT

Music-based crowdfunding

Focus: Music-based project crowdfunding - Musicians an upload their library of music and sell it through ZoshPit and sell it – commission free!

Funding: All or nothing.

Fees: 5 per cent plus Paypal transaction fees.

Read the blog post on ZoshPit here.

Website


If you would like your Australian crowdfunding, crowdsourcing, peer-to-peer lending platform or other listed here, please contact me or leave details in the comments and it will be added.

New Zealand Platforms

 

GIVE A LITTLE

Focus: Crowdfunding for charities, causes and not-for-profits.

Funding: Givealittle operates on a keep all funding basis. Although funding target and dates can be set, all funds will be passed along regardless. Givealittle is also open to personal causes as well as charities, making it unique in the New Zealand market.

Fees: Since its acquisition by the Telecom Foundation, Givealittle is a zero fees fundraising service. This includes all transaction costs for the payment provider being absorbed by Telecom Foundation.

Website


PLEDGEME

Focus: Creative

Funding: All or Nothing

Fees: 5 percent if you hit funding goal and around 3 percent transaction fees

Website


SOCIAL BACKING

Focus: Creative or Charitable

Funding: All or Nothing

Fees: 5 percent fee plus GST plus transaction costs if you reach funding.

Website


SPORTFUNDER

Focus: Sporting Projects

Funding: Donations are passed along as received (Keep All) and Pledges are processed only if funding target met (All or Nothing)

Fees: 5 percent fee plus GST plus transaction costs from PayPal of around 3 percent.

Website


THRILLPLEDGE

ThrillPledge-NZ-Crowdfunding-SportsEntertainment

 


Focus
: Crowdfunding for  Sports and Entertainment.

Funding: ThrillPledge operates as an all or nothing platform with no money changing hands unless the target is reached.

Fees: ThrillPledge charge a success fee of 9.5 per cent and they state that 8.1 per cent of this is for the payment gateway and banking charges.

Website


If you would like your New Zealand crowdfunding, crowdsourcing, peer-to-peer lending platform or other listed here, please contact me or leave a comment below.

Crowdfund it! Ebook available through most retailersTo read more details about some of the platforms above as well as globally, purchase a copy of Crowdfund it!  directly from the publisher website - print or ebook. It is also available on ReadCloud bookseller partnersAmazonKobo, iBookstore, Booki.sh partner booksellers, Booku, and Tomely.

Author: Anna Maguire

 

26 thoughts on “Crowdfunding Platforms in Australia and New Zealand

  1. Hi,

    I am launching a crowd funding website in early March called Challenjit.

    The platform enables its users to challenge themselves and their friends, and invite funders to donate cash to support the cause over a 7 days funding period.

    The person completing the challenge must upload a video as proof of completion. If administration is happy with the performance and believe it meets the challenge brief, the money is released as a financial reward.

    Video content is then on display, much like http://www.viddy.com to enable video sharing, commenting and liking.

    I would like Challenjit to be included on this web forum….

    Best,

    Chris

    • Hi Chris
      Thanks for letting us know about your new website. I’ll certainly look forward to seeing it so make sure I receive notification when you go live. Add me to your mailing list: anna (at) digireado (dot) com (dot) au.

      Anna

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  5. wondering if you could recommend any sites that would host a crowd funding for a very sick child’s single parent who is doing it very tough..cheers

    • Hello Annie, I’m sorry to hear about this situation. My first question would be where are you (or the parent) located? I think the kind of site that would be helpful is one like Give Forward, but they are only for US-based beneficiaries. Another one you may be interested in looking into is GoFundMe – they collect in A$ as well as CAD, GBP, DUR and USD. Good luck with this. Anna

  6. Hi Anna, than you very much for your pot. Really helpful. Just wonder if we want to raise fund for our sport activities (currently we are building a racing car for F-SAE australasia competition), any of those websites above do you recommend?

    • Hi Lan, it sounds as though your project would be suitable for Sportaroo. Also look into Team Bus and decide which one suits your needs. Bear in mind that Sportaroo is an ‘All or Nothing’ platform – you need to meet your funding target, while Team Bus allows you to keep all funds raised. Good luck!

  7. Good afternoon,

    I am after suggestions for two projects. The first is we are looking to grow our businesses arts offering through http://www.sassyfandango.com, this part of the business offers life drawing off ladies and hens nights all over aus.

    The second is I would like to raise funds for a not for profit side to the business which is just starting offering healing through Art. These will be abstract art, meditation and lessons.

    If you have any ideas as to what crowd funding would best work for s that would be great.

    Jay

    • Hello Jay, thanks for your questions. What interesting and diverse crowdfunding projects you are looking at! You are quite correct to separate them and ideally run them at different time as you won’t have the energy or focus to devote to both at once. There are a few platforms in Australia and internationally that would be suitable. Our leading platform Pozible is likely to be the one you would want to focus on. Feel free to drop me an email at anna (q5) digireado (dot) com (dot) au if you want further advice.

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    • Hello Emily, thanks for visiting the site and leaving a comment and a link to your project. I should NOT have looked at this as I’m hungry and now I want cookies ;) My advice though is that you should ensure that you have lined up launch-day support for your project. Some say 20% of goal, some say at least ten supporters. Either way it’s important when people go to view your project that they believe not only in the project, but that it has a chance of success. It’s not a great time to promote your project when you have $0 funding. Good luck with your project, the white chocolate and macadamia mix sounds wonderful!

  10. Dear Crowdfund it- We are a New Zealand crowdfunding platform called enable us.
    Our focus is building on relationships. Currently we are focused on Sino- African relationships. We are working with Chinese based entities that have an interest in Africa and providing to them projects from Africa with a strong social impact.
    We are also looking at New Zealand projects that would be interesting to our network in China.
    Please add us to your list

    Best regards

    Mendi

    twitter- @enableus2013
    facebook – enableus

    • Thank you Mendi for coming by the site to tell us about Enable Us. I’ll be in touch about getting your site up on the platforms page!
      Anna

    • Hi Emily – they sound delicious! I think I like the sound of the Raisin Crunch cookie mix as I love the combination of oats and raisins! I do love Macadamias too, but the typo in the description (missing a space between words) distracted me. There is also a typo in the word ‘threw’ – should say ‘through’. The project sounds great, but it’s always a good idea to get someone to double check your project description to make sure you don’t make mistakes. Good luck! Anna

      • Hi there,
        Thanks for pointing the grammar mistakes out, in terrible when it comes to that sort of thing. Have updated and fixed the mistakes
        Cheers
        Em

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  12. Hi Anna,

    Really great article. I was hoping to get your advice on a crowdfunding page I am looking to set up. We are a charity with DGR status who look to give individual students from disadvantaged backgrounds an opportunity to complete the latter part of their secondary education at some of Melbourne’s most prestigious schools. The idea here is that education provides the best avenue to opportunity in a student’s life.

    We are looking at raising more funds to be able to send through more students. Which crowdfunding site above would be most suitable?

    Kind Regards,

    Khuzair

    • Hello Khuzair
      This sounds like a brilliant project. To me it seems like it would be perfect for StartSomeGood or Chuffed. I suggest you look at both of their sites and see what suits you the best! Anna

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