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Crowdfunding Luxembourg – How Things Stand
Like every other country, the pandemic has affected the most expensive country in the world, Luxembourg. While most of the nonprofits in the country are typically supported by grants and subsidies, they all are experiencing financial crunches due to the current global financial crisis.
Amidst the crisis, individuals and organisations have turned to the trend of crowdfunding, encouraging fundraising as well as giving. As digital communication is growing, the ease of doing crowdfunding online has grown significantly in the past couple of years.
Luxembourg, being one of the most advanced countries in the world, also witnessed the crowdfunding culture and is now home to many crowdfunding platforms that cater to individuals and organisations to start their campaigns.
This article explores the various crowdfunding platforms in Luxembourg through which anyone can start any kind of project. Let’s dive in!
Top Crowdfunding Platforms In Luxembourg
1. WhyDonate
One of the most popular platforms for raising money for charity in Luxembourg is WhyDonate. It allows individuals and organisations to start raising funds for their cause easily. Besides being easy to use, the platform offers various perks such as a 0% platform fee, customisable branding and tax-deductible donations. Available in 5 languages, WhyDonate aims to be one of the most user-friendly platforms with a simple UI, multiple payment options, and immediate hassle-free payouts.
Fees – The platform charges very few transaction fees – 1.9% + €0.25 making it one of the most versatile platforms of all time.
2. GoGetFunding
GoGetFunding lets its users reach out to potential supporters and collect donations without the need to go through the laborious process of identifying and contacting donors. Its features allow people to raise funds for various purposes, such as business expenses and medical bills. It also has multiple payment options.
Fees – Free registration. GoGetFunding charges a 6.9% fee on funds raised
3. Dalendo
Through Dalendo, companies and entrepreneurs can get financing for their efforts to advance the sustainable growth goals defined by the United Nations. The platform aims to connect people from different backgrounds to create value for both the project’s promoters and contributors. Dalendo applies the “all or nothing” rule. The Dalendo policy is that projects are only funded if the campaign’s goal has been achieved or exceeded. It means that the fundraisers get the funds only if the goal of the fundraising campaign is achieved or exceeded.
Fees – Dalendo charges up to 7% tax excluded plus banking fees of 3%
4. GoFundMe
Through the GoFundMe platform, users can easily raise funds for various charitable organisations and events. As one of the leading global event fundraising platforms, GoFundMe has some of the most prominent organisations as partners worldwide. GoFundMe offers crowdfunding in Luxembourg that is ideal for non-profit organisations that need help finding and collecting donations. It can help users create donation pages, activate recurring donations, and discover new fundraisers.
Fees – GoFundMe charges 2.9% + $0.30 as transaction fees.
5. Leetchi
Founded in 2009, Leetchi is a French online fundraising platform that’s focused on the European market, including crowdfunding Luxembourg. It allows users to set up money pots. The platform enables users to connect with potential donors and raise funds through social media. Once they reach their target amount, they can then utilise their Leetchi pots to purchase products through the company’s partners.
Fees – Leetchi charges a transaction fee of around 1.9% to 4%, depending on the amount of collected money.
6. Fondation Caritas Luxembourg
Fondation Caritas Luxembourg is not technically a crowdfunding platform; however, it does aim to promote the well-being of women and men, regardless of their backgrounds, age, nationality, or religious beliefs. Throughout its history, the charitable organisation known as Caritas has been committed to helping people experiencing poverty transform their lives. It has a deep commitment to justice, dignity, and solidarity.
The organisation only allow donations and has no option to create a fundraiser. However, anyone can propose to be a volunteer and assist the foundation.
7. Fondation Follereau Luxembourg
Similar to the previous charitable organisation, Follereau Luxembourg is also a nonprofit organisation. The goal of the Follereau Foundation is to provide the best possible life for the most vulnerable individuals in Africa. Through its network of partners, it aims to address the various needs of these communities. The goal of the Follereau Luxembourg Foundation is to make a lasting impact on the communities that it supports. It aims to provide these groups with the necessary tools and resources to ensure long-term success.
8. GivenGain
Started in 2001, GivenGain is another nonprofit on the list that believes giving is more important than receiving. With GivenGain, anyone can easily and securely donate to a variety of charities. It also provides a fundraising service for those who wish to raise money for these organisations.
Fees – The GivenGain Foundation charges an admin fee of 5% and a fee to cover the processing costs associated with donations.
Start Smooth Crowdfunding In Luxembourg
Crowdfunding in Luxembourg is now much simpler than before due to all of these incredible crowdfunding platforms that allow people to start a fundraising campaign from the comfort of their homes. Not only to start a campaign but also to do charitable activities, anyone can choose any of the crowdfunding Luxembourg platforms to make donations and fulfil their philanthropic obligations.
Make sure to go through the platforms to understand which one is suitable for your campaign requirements and start your fundraising journey within minutes.
