Crowdfunding plays a vital role in many people’s lives. A single effort by one person gets combined with the efforts of all people and makes a difference in somebody’s life. The concept of crowdfunding is getting prominent worldwide, and many people are coming forward to lend a helping hand.
This blog will explore everything you need to know about crowdfunding Portugal. We will talk about the meaning of crowdfunding and its types. If you need clarification about what crowdfunding websites and platforms you should go for consideration. We hope you’ll decide on the best crowdfunding websites and platforms for you by the end of this informative writing.
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The Situation Of Crowdfunding In Portugal
As per Statista, the Crowdfunding market in Portugal is expected to experience significant growth. In 2023, the projected transaction value is estimated to be US$1.75 million. It is also predicted that the market will have an annual growth rate of 4.12% between 2023 and 2027, resulting in a total transaction value of US$2.05 million by 2027. Additionally, the average funding per campaign in the Portuguese Crowdfunding market is expected to be US$4.83 thousand in 2023.
What Are The Best Platforms For Crowdfunding Portugal?
Now that you have an ample understanding of the different crowdfunding methods, you need clarification about how to begin. So, the initial step of raising funds for your cause is finding an excellent crowdfunding platform to support your cause. Here, we have compiled a list of the top five crowdfunding Portugal platforms. Let’s have a look:
1.WhyDonate
WhyDonate is the best option one can go for crowdfunding Portugal. Users can enjoy several benefits without having to spend any extra money. With a 0% platform fee, WhyDonate allows you to access several excellent features and has been the most significant European crowdfunding platform. You can create your fundraising campaign and raise money for your cause within minutes.
We believe each euro you raise belongs to you; that’s why you can request your payment anytime you like or wait for the automated monthly payment. You can access other exciting features like custom branding, responsive design, a comprehensive dashboard, etc. The supportive customer care makes it easy for you to come up with any doubts and get them solved instantly. Customer data privacy is one of the top priorities here; the transaction data is stored encrypted, and licensed payment institutions secure all payments.
2. GoGetFunding
Another popular platform for crowdfunding in Portugal is GoGetFunding, which was launched in 2011. It is an easy-to-use fundraising platform where you can get an assigned fundraising coach. This platform supports crowdfunding types of fundraising campaigns, including personal causes, medical expenses, creative projects, community initiatives, and more. GoGetFunding also provides tools for sharing campaigns on social media platforms and tracking donations.
3. Indiegogo
Indiegogo offers a diverse range of campaigns, including technology, art, film, music, and social causes. With a user-friendly interface and tools to showcase and market the project and engage with potential backers, this platform provides additional support and resources to help campaigners maximize the scope of their fundraising success.
However, Indiegogo allows the campaigners to choose between keeping all funds raised or going with the “all-or-nothing” model. The campaigners must pay a fee after every successful fundraiser, along with registration with the platform and translation fee. This can be difficult for some organizations because it can also eat into the funds raised, reducing the expected overall amount available for funding the project.
4. Goparity
\GoParity is an innovative online peer-to-peer lending platform that brings together individuals and companies to invest in sustainable projects, aiming to generate positive economic, social, and environmental impact. It simplifies the investment process and allows participants to earn competitive returns, even with low initial capital investment.
However, limited investment liquidity and options can raise the question of whether investors must invest here. Investors seeking broader investment options may need to supplement their portfolio with other market platforms.
5. Raize
Raize is recognized as a prominent funder of Portuguese SMEs and one of the largest investment communities in Portugal. Their commitment lies in partnering with top-notch local companies to foster the country’s future growth and development. Raize facilitates a streamlined and efficient financing process, allowing companies to secure funds within five days.
While Raize Portugal has advantages, a few potential drawbacks include limited project diversity and scope, illiquidity of investments, less regulation, and limited investor protection.
Wrapping Up!
So this was a thorough guide for you to understand crowdfunding Portugal. If you’re wondering which crowdfunding method would work best for non-profit organizations, you can use donation-based crowdfunding to avoid financial liabilities.
As crowdfunding is impacting globally and making its footprints everywhere, choosing your ideal platform for crowdfunding Portugal wisely is an excellent choice. We hope this blog can illuminate the issue you came here for. Happy Fundraising!
