Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money.

Until recently, financing a business, project or venture involved asking a few people for large sums of money. Crowdfunding switches this idea around, using the internet to talk to thousands – if not millions – of potential funders. Typically, those seeking funds will set up a profile of their project on a website such as those run by our members. They can then use social media, alongside traditional networks of friends, family and work aquaintances, to raise money. There are three different types of crowdfunding: donation, debt and equity.

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If you are a struggling for financing or just need some extra cash to start funding your exciting new business or creative new project, you have come to the right place. Banks are becoming increasingly tighter on lending and venture capital is hard to raise, especially if you’re not a whiz-kid with a new app based in Silicone Valley. However all is not lost due to the latest forms of fundraising from crowdfunding platforms just like fundedflow. Crowdfunding is a quick way to transform a small start or SME (Small to Medium Enterprise) into a full firing operational business. Also known as "social funding" or "crowdsource" which has evolved and helped redefine how new businesses and startups raise money and grow. Crowdfunding platforms also help benefit individual investors who can learn about new talent and startup companys who they can invest in. Usually investors or donors receive a small reward or “give back” in return for the investment or donation.

Here are fundedflows Top 10 choices for crowdfunding platforms

Published in Advice & Tips