Crowdfunding is a method of fundraising that involves raising small amounts of money from a large number of people, typically via the Internet. The concept of crowdfunding Estonia has become increasingly popular as a way to raise capital for businesses and individuals who may not have access to traditional funding sources, such as banks or venture capitalists.
Several crowdfunding platforms allow individuals and businesses to raise money for several causes. It is an excellent method to lend a helping hand towards society and let everyone grow together. In this informative piece, we will explore several crowdfunding Etonia platforms you can use to start your fundraiser.
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How Does Crowdfunding Estonia Work?
There are several types of crowdfunding Estonia models, including donation-based, reward-based, and equity-based crowdfunding. Donation-based crowdfunding involves raising money for a charitable cause or project without offering any form of financial return to the donors.
To participate in crowdfunding in Estonia, individuals and businesses can create a crowdfunding campaign on a crowdfunding platform, set a funding goal, and offer rewards or equity to supporters. Supporters can then contribute funds to the campaign through the platform, and if the funding goal is reached, the funds are released to the creator.
Overall, crowdfunding provides a democratic and accessible way for entrepreneurs, creatives, and non-profit organisations to raise funds and build support for their projects in Estonia.
What Are The Top Crowdfunding Platforms In Estonia?
Several online crowdfunding Estonia platforms on the internet facilitate efficient crowdfunding. Here, we have compiled a list of the top 6 mediums that you can choose to start your own fundraiser or invest in one. Let us have a look.
1. WhyDonate
WhyDonate crowdfunding platform is one of the best platforms you can go for. With over 400,000 donors globally, WhyDonate has over 15,000 fundraisers that have helped people and organisations to overcome their financial hurdles. It provides a user-friendly interface and allows you to start a crowdfunding campaign without any hindrances. You can also customise your fundraiser and attract supporters worldwide. Although it is a global platform, local support is available for you anywhere in the world. With 0% platform fees, you can start your online fundraising journey today.
2. Global Giving
As the name suggests, global giving is an organisation that enables you to raise funds for your campaign in any part of the world. With 21 years in this field, they have made connections with 1,711,255 donors and worked on 34,050 in 175+ countries. Non-profit organisations from all over the world can raise funds for a good cause and connect with generous people in no time.
3. Kickstarter
Kickstarter is a great platform to raise money online for individuals and organisations. It is a startup based in Brooklyn and is now popular worldwide. It is a public benefit corporation with a 5% service fee and 3% + $0.20 per transaction for payment processing charge. Anyone who thinks of raising money for any good cause related to categories like art, comics, music, and photography can effortlessly start their fundraising campaign. You will not be charged any fees unless your fundraiser achieves its goal. This website supports complete transparency as it allows you to communicate with the donor directly. 236,299 projects have been funded on Kickstarter, and 86,621,798 pledges have taken place.
4. Indiegogo
Because of its ease of use, Indiegogo has been able to develop a good impression among its users. A lot of people, specifically individuals, use this website to gather funds in order to meet their financial needs. Even if there is a 5% platform fee plus a 3% to 5% third-party processing fee, still people choose to start crowdfunding via Indiegogo due to the good results and the trust that it has developed over the years. If you wish to send money outside to banks outside of the US, you will have to pay a fee of $25. You can also get assistance at every step of fundraising.
5. Ulule
Fundraising has become an easy experience with the help of this website. With an aim to support creators and entrepreneurs, Ulule offers several kinds of features. Apart from taking the commission fees from funds transferred, it does not cost an extra penny. So all the creative, innovative and community-minded people, feel free to start your fundraising campaign on this site.
6. Mightycause
If you are unsure about spending money right after signing up on a site, you can go with this option. Mightycause is a mission-driven, employee-owned business that has served non-profit organisations to raise funds for a good cause. It was started in 2006 and has helped around 150,000 causes to reach their significant goal. The personal fundraising website includes various top-of-the-line mobile and online tools, including online fundraising and donor management, custom donation pages, widgets, donation pages, and the donation day website.
Wrapping Up!
In conclusion, Estonia offers a range of crowdfunding platforms that provide opportunities for businesses and individuals to raise funds for their projects. Each platform has unique features, such as the type of crowdfunding model, funding options, and target audience. However, all the platforms we have discussed in this writing have their strengths in terms of the types of projects they support, the level of support and advice provided, and the fees charged.
Whether you are an entrepreneur, creative, or non-profit organisation looking to start crowdfunding in Estonia, crowdfunding offers a feasible and convenient alternative to traditional funding sources. By leveraging the power of the internet and social networks, crowdfunding platforms can allow you to reach a broad audience of potential donors, curate a community around your project, and get the funds you need to bring your ideas to life.
