Latest update: 7 December 2014. This post will continue to be updated as I add new platforms, or delete those that disappear.
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.
CLEANTECHFUNDR
Focus: Crowdfunding Australian cleantech. With a maximum goal amount of $200,000, donations can be collected from as little as $5 up to $100 over a 90-day period.
Funding: CleantechFundr operates on an all or nothing model. If the campaign does not reach the funding goal within the timeframe, no money changes hands.
Fees: CleantechFundr collects a 7% management and review fee for successful campaigns. support via PalPal or credit card.
CHUFFED
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 2% 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.
GIGGEDIN
Focus: GiggedIn is an Australian crowdfunding website that is all about on ticketing to live music events. Event planners, venues and musicians can use the site to organise an event.
Funding: GiggedIn operates on all all or nothing basis with pledges from supporters of the gig only being charged if the minimum numbers are met. Once a credit card is charged, the supporter will have their tickets emailed to them.
Fees: GiggedIn charges a variable on every ticket sold through their system. If a pledged ticket does not convert to a sale, no money changes hands and no fees are involved.
IPLEDG
Focus: Creative, Community, Commercial, Charitable
Funding: All or Nothing *Now 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.
OZCROWD
Focus: OzCrowd is open to a range of funding, whether it be for personal, donations, social enterprises, business or projects!
Funding: OzCrowd operate both All or Nothing OR Keep All (Flexible Funding)..
Fees: They charge a 2.9% administration fee. For All or Nothing campaigns they charge 2.9% only if the funding goal is met. OzCrowd also pass along credit card fees from their payment provider of 2.5% plus $0.30.
POZIBLE
Focus: Creative and projects.
Funding: All or Nothing and Subscription. See this post for more details.
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.
Publishizer
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%.
ReadyFundGo
Focus: Australian crowdfunding platform that appears to support a range of projects. Launched in November 2014.
Funding: All or Nothing as well as Keep All.
Fees: ReadyFundGo charge a 5% fee on all campaigns plus payment provider fees.
SPORTAROO
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 our interview with Sportaroo here.
SPROUTBACK
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: Sproutback charge 5% success fee plus transaction costs of 2-3%. Payments provided through Australian based eWay.
STAGE LABEL
Focus: Crowdfunding for individual fashion designs. 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%.
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% plus Paypal transaction fees.
TEAMBUS
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% fees with discounted rates to some of their partner clubs and organisations. They also pass on PayPal transaction fees of 2.4% meaning athletes or sporting clubs receive 92% of funds raised.
Thinkable
Focus: Crowdfunding scientific research. They launched as a global platform on day one!
Funding: To be confirmed
Fees: From their site: “10% service fee on any funds raised through your profile or project. There is also a credit-card processing fee of 2.4-3.4% through our third-party gateway provider, Braintree (trusted by thousands of sites and part of PayPal). These charges depend on where your sponsor comes from with higher charges for international sponsors.”.
THUNDER FUNDS
Focus: Thunder Funds is aimed at all sectors of funding. These include Standard Campaigns (reward-based crowdfunding), Personal Campaigns (to raise funds for a cause or medical expenses or funeral for instance) and Equity Campaigns (to raise capital for a start-up in exchange for equity). Equity Campaigns are subject to certain rules including both creators and investors subject to special terms. There are only 20 investors per campaign allowed. Those ‘interested parties’ in an Equity Campaign become Investors if successfully funded. This is open to Australian organisations.
Funding: Personal Campaigns on Thunder Funds are keep all. Standard Campaigns appear (tbc) to be all or nothing. Equity Campaigns need to reach a funding goal, although Thunder Crowd reserve the right to extend the campaign period.
Fees: For both Personal Campaigns (which will always be successful as keep all) and Standard Campaigns, Thunder Fund will charge a 5% success fee. I’m assuming standard payment payment provider fees also are charged. I’m not clear if Equity Campaigns are also charged 5% (tbc).
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.
PLEDGEME
Focus: Creative
Funding: All or Nothing
Fees: 5% if you hit funding goal and around 3% transaction fees
SOCIAL BACKING
Focus: Creative or Charitable.
Funding: All or Nothing.
Fees: 5% fee plus GST plus transaction costs if you reach funding.
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% plus GST plus transaction costs from PayPal of around 3 percent.
THRILLPLEDGE
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% and they state that 8.1% of this is for the payment gateway and banking charges.
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.
To 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 partners, Amazon, Kobo, iBookstore, Booki.sh partner booksellers, Booku, and Tomely.
Author: Anna Maguire
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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Hello, I am roman christian and maybe this crowdfunding page can help you 🙂
http://www.christiancharitynow.com/
Thanks for drawing our attention to your crowdfunding platform. Anna
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
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!
Thank you very much for your advice Anna
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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hi there, great article, i just launched my project threw pozible please feel free to check it out 🙂 http://pozible.com/sweetjarz
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!
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
Hey guys,
please help me spread the word for this yummy project on kickstarter
https://www.kickstarter.com/projects/285811294/baked-organic-cookie-mix-jars
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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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
Hi Anna
We suggest adding ozcrowd to the list as a growing Australian based platform.
Thank you! I had just come across you and realised you needed to be added! I’ll email you about details! Anna
Can I suggest adding TMeffect to the list as an Australian Crowd Sourced Equity based platform.
Thank you Matthew, let’s have a chat about the summary information. I need to add a few CFEF platforms to this page!
Anna,
Absolutely, I’ve connected with more Aussie platforms in a week than I knew existed in total!
Property, Peer to Peer, Equity and more. Its all happening… well at least as far as the developers are concerned. Any news from Canberra???
When we are done with our conference tour I’ll connect with the CFIA board and hope to bring some updates :0))
Matthew
Hi,
I am the founder of a new political party which is yet to be registered officially by the Australian Electoral Commission.
P.A.R.T.Y. Party. Political Activists Rallying The Youth
http://www.facebook.com/australianpartyparty
We are not taking corporate, union or influential individual donations and we want to get the general public to support us to fund our campaign. We believe in democracy and policies that benefit all people, not vested interests. As this is a radical departure from the two party system in Australia, we will have detractors and the media won’t necessarily support us. So via crowd funding we hope to pay for Facebook viral campaigns to get our message out there and find members so we can officially register and get on the Senate ticket. We can’t seem to find a particular Australian crowd funding site that would suit this style of organisation. causes.com is geared towards US style political parties, with funding for the political organisation governed by legal rules. Hope you can help or offer some tips. Thanks
Hello. It seems as though you’re already funding over on mycause.com.au?
Is that suitable to your fundraising?
A new one for legal aid and litigation funding: http://www.lawfunder.org
Good morning,
My name is Luke and I’m searching for the right crowd funding program for a Disease Fundraiser / live music launch party with many special guests I’d like to hold in march 2015.
Can you please send me an email on how I can achieve great results with Crowdfundit?
Hi Luke
I wasn’t sure about the email address. You can try emailing me at anna at digireado dot com dot au. Sorry for the way I’m presenting th email – I get so much spam!
OzPlatform is another new crowdfunding website that has just been launched!
They only charge a one-off fee that’s valid for a 1 year listing and no percentage taken from the funds raised! I guess it’s just something they do different but it’s also cool to check out! 🙂
Their website is at http://www.ozplatform.com
Thanks Jason!I need to update this page very soon!
I’m looking to build an app for small business to provide basic HR. What’s would be a good crowdfunding site in Australia?
Hi Simone
I always hesitate to recommend specific sites, but you may want to look at Pozible or Indiegogo!
Anna