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Overview Of Crowdfunding France
Not only France but Europe, in general, is currently facing a lot of financial challenges. Given the scenario of the Ukraine-Russia war and the post-pandemic struggles, most part of the world is experiencing an economic meltdown. Amidst this situation, many organisations and even individuals have turned to crowdfunding for financial aid.
We have witnessed a rapid growth of Crowdfunding in France as the fundraising culture has constantly been a part of the population for financial backups. Not only for personal use, nonprofits and charitable organisations are continuously creating campaigns to support various other causes like the environment, human rights, and animal welfare.
Technology has been kind enough to give us the opportunity of having some top crowdfunding platforms in France through which people who are in need of funds can start their campaigns and donors from across the world can do some charity work in France. Charity in France is now easy than ever because of these crowdfunding platforms that provide the ease of getting in touch with potential donors and access to the raised funds. Charity organizations in France have also benefitted to a large extent with the emergence of such platforms.
Here we have some promising French donation-based crowdfunding platforms where you can start your campaign without any headache.
Top 10 Crowdfunding Platforms In France
Crowdfunding comes in different categories –
- Donation-based crowdfunding
- Equity Crowdfunding
- Reward Crowdfunding
- Real estate Crowdfunding
- Peer-to-peer lending
However, we are primarily going to discuss donation crowdfunding platforms as these platforms do not expect anything in return from the fundraisers. Through donation-based crowdfunding platforms, fundraisers can simply create fundraising campaigns by adding their details and start raising money online in no time. Donors can choose to donate as much as they want without any additional cost or any reward expectations in return.
The following are the best crowdfunding platforms suitable for personal fundraising. Through these crowdfunding sites, raising funds is easy.
1. WhyDonate
WhyDonate is one of the most affordable and user-friendly crowdfunding platforms in France through which anyone can start raising money for their cause. WhyDonate is popularly known for its ease of doing charity work in France as well as in the entire of Europe. WhyDonate offers many perks to its users, starting with a 0% platform fee, custom branding, tax-deductible donation receipts, custom emails, immediate payouts and many more. The platform charges very less transaction fees – 1.9% + €0.25 making it one of the most versatile platforms of all time.
2. Leetchi
Leetchi is a French fundraising platform that was founded in 2009, aiming at the European market. The platform offers a concept of money pots to its users. Initially, the platform was only created for individuals. The platform enables users to connect with potential donors and raise funds through social media. Once they reach their target amount, they can then utilize their Leetchi pots to purchase products through the company’s partners.
Through Leetchi crowdfunding platform, users can get a 100% free registration. However, it does charge a transaction fee of around 1.9% to 4%, depending on the amount of money that’s collected.
3. Proarti
In 2009, the Proarti endowment fund was established to support cultural exploration and creative production. It is the first crowdfunding platform dedicated to this type of activity in France. The Culture and Communication Ministry funded the establishment of this initiative. It was part of a Call for Projects 2012 aiming at innovative cultural projects.
The costs of the services that the endowment fund provides are calculated according to the number of donations that it collects through its intermediary, which is around 8%. When the donations are made to the project leader, the fees that the fund collects are automatically deposited into the user’s bank account.
4. Ulule
Ulule is a crowdfunding platform founded in France in 2010 by Alexandre Boucherot and Thomas Grange. Crowdfunding platform Ulule is one of the biggest crowdfunding platforms in France, allowing users to establish and manage their own campaigns. It allows them to raise funds in different currencies. Its success rate is also very high, with over 65% of its projects being funded successfully.
Although Ulule offers its users a free registration, its platform crowdfunding fee is higher than most of its contemporary platforms. For instance, users of the platform pay a 6.67% fee when they use a credit card and an additional 4.17% fee when they raise funds through PayPal or checks.
5. Kisskissbankbank
Founded in 2009, the French crowdfunding platform, KissKissBankBank, was established by Ombline Le Larur, Adrien Oumont, and Vincent Ricordeau. The process of Crowdfunding in France through KissKissBank is simple and straightforward. Users can start a campaign by simply clicking on the “I launch my project” link on the site’s homepage. They can then add their details and begin their fundraising efforts. There are also various options for users to contact the bank.
The platform of the bank is all-or-nothing, and it directly receives 5% of the donations made through the fundraiser. Besides this, the transaction fee for Mangopay is 3%, while Paypal charges 3.4% and 0.25c per transaction. This means that the bank would be deducting around 8% of the total amount.
6. Anaxago
Founded in 2011, Anaxago is a French investment crowdfunding platform that focuses on the funding of various projects and research. The platform mostly targets real estate and SMEs to fund. The platform allows people to get in touch with the project and obtain more information about it. Users can easily confirm their participation by filling out the subscription form and sending the funds to the campaign. Users can also have the option to invest in various accounts, such as natural persons, legal entities, and private equity funds.
Anaxago charges a total of 5%, including tax, on the amount subscribed by investors. Apart from that, there is a management fee that applies depending on the amount invested in a transaction.
7. Babyloan + Lendahand
Specializing in micro-loans, donations, and small personal loans, Babyloan is now taken over by Lendahand, a crowdfunding platform that combines social impact with the financial return that investors can expect. Through Lendahand, users can help emerging market companies create jobs and expand their operations by providing them with the necessary financing. Doing so they improve the quality of life for the people in these nations.
The platform does not charge any fees for either investing or joining our platform, and the repayment process is free. However, there is a borrower (issuer) charge that costs an average interest rate of 7,8% per year to Lendahand.
8. Tipeee
Tipeee is one of the most unique platforms that handle crowdfunding in France in a different way. It was one of the first crowdfunding platforms in Europe that was created to address the issue of inadequate working conditions for creators. The goal of this platform is to enable the creators to improve their working conditions and make a living from their work. Every creator can create a support page on Tipeee, regardless of what they’re doing or where they come from.
Tipeee charges an 8% commission on the amounts paid out to the creators.
9. MyMoneyHelp
MyMoneyHelp is one of the French crowdfunding platforms that is regulated by the French authorities. Fundraising campaigns through MyMoneyHelp are free, and they do not ask for anything in return. Even if the target of the campaign is not reached, the project holder receives the money collected minus the fees charged by MangoPay.
10. Dartagnans
Dartagnans is one of the first crowdfunding platforms that is dedicated to the preservation of cultural heritage. The platform is an online communication tool that enables public bodies, foundations, and associations to raise funds and develop their projects. Through the platform’s collective efforts to preserve the castles, many heritage castles have been properly revived and restored.
The platform charges an 8% commission excluding taxes. The goal of Dartagnans is to highlight projects that exhibit the public’s involvement in France’s cultural heritage.
Experience Charity In France
People in France can start fundraising through any of the above crowdfunding platforms without any hurdles. However, it is always important to understand the planning, execution, and goal of your own fundraising campaign so that you can wisely choose the crowdfunding platform that suits you best.
Happy Fundraising!
