What is Crowdfunding Platform - Online Fundraising?
Basically, individuals and businesses acquire funding or a business loan through:
- Traditional Investors, which refers to the bank and private investors.
- Crowdfunding, which often refers to online fundraising, peer to peer fundraising, or social media fundraising.
Similar to the traditional methods, crowdfunding also involves pitching a business idea to a “crowd” or potential investors. However, what is it actually that makes crowdfunding such a phenomenon in the modern era? One of the reasons is because it embraces new technological trends led by the rapid expansion of the internet. It is Crowdfunding Platform which connects entrepreneurs with various people and opens new opportunities for some small-time entrepreneurs which often turned down by banks or private investors.
Judging from how it has made substantial impacts and all the benefits it offers, crowdfunding definitely has great potentials to further support the development of projects and businesses in Indonesia. As we all are aware, the development of startups in the country is rapidly increasing and continues to contribute greatly to national economic growth. Indonesia is full of individuals that are always robust with trends and innovative business ideas, and this calls for a perfect platform where the right ideas can connect with the right investors.
Why Crowdfunding Platform is very important?
Apart from attracting widespread attention, crowdfunding platform takes on an important role to bring together three key players: investor, business owner (a pitcher), and an admin. The platform will also help you to:
- introduce the funding regulation
- monitoring cash-in and cash-out financial flow
- finalize funding withdrawal
- etc.
What would you get by purchasing this service?
Fast and Efficient
When all systems are being monitored by an online platform, the funding process works faster and more efficient. Project initiators can start their crowdfunding campaign, and as the investors agree to put their money in, the process will be easily conducted via a digital agreement form.
Optimizing Budget
Opening an online platform means you need less budget compared to holding a traditional fundraising campaign event. By using this application, complemented with effective socialization effort, you can reach a wider market and audience.
Secure
The crowdfunding platform is applying modern code safety and standards, including:
- electronic form
- web form session time, created to avoid data manipulation
- scan every document & picture for virus before being uploaded to server
- and more.
Easy Access
Investors, fundraiser, and admin can access their data and dashboard via two major platforms: web-based and mobile-based. This provides easier access to their data anywhere and anytime.
Here is the detailed product you will get
Feature as Investor
01. Dashboard
As they agree to the terms & conditions, the user will receive an Investor ID and a bank virtual code number to deposit their money as their first investment fund. Investors are supported by dashboard features where they can check:
- remaining balance
- total funding
- funding data, such as: personal data of funding history
- update profile
- funding list
02. Cash-In and Cash-Out
With this feature, investors can put their money on deposit box (cash-in), withdraw their money from it (cash-out), and monitor their own transaction history.
03. Automatic Investment Feature
Investors can opt for Automatic Investment feature that allow them to post and setup their investment criteria such as risk rate, funding amount, and business field; this setup will help them in finding their perfect investment. If the system found matches, it can automatically invest with the funding money from the Investor’s e-wallet.
Feature as Fundraiser
01. Dashboard
The fundraiser will receive a Fundraiser ID and virtual account, with access to monitor:
- total funding
- remaining loan balance
- campaign data
- campagin list
02. Installment and Funding List
This feature helps the user to manage their finances and cash flow, including:
- overlook of their campaign transaction history
- show the installment data that have been agreed and funded
03. Funding Application
This feature helps fundraisers to request funding from investors. Just fill in an e-Form, then the application will be directly posted on the campaign section.
04. About and Contact Us
This space is specially built for fundraisers to explain:
- company history
- vision and mission
- staff and company director
- personal/company contact
- Frequently Answered Questions (FAQ)
So, fundraisers can draw more attention from the investors and get their request funded.
Features as Admin
01. Dashboard
The dashboard can be used as a control room where admin can obtain periodical data onto fundraising rate and shows a chart data based on installment and fundraising rate.
02. Funding Clarification
Admin has permission to edit clarification data that has been applied by the fundraiser based on a preliminary survey. As an admin, you can also redeem the money from the deposit and transfer the funding money directly to the fundraiser.
03. Funding Withdrawal
Admin has an authority to confirm every cash-out request that has been made by investors.
04. Deposit
Monitor investor’s deposit data and confirm their incoming balance saving.
05. Funding Payment Distribution
The crowdfunding platform is supported by automatic payment distributions, such as:
- investments or payments are distributed as per Investor’s request via virtual account
- fundraiser’s monthly credit payment will also automatically be distributed to both the finance company and involved investors.