Why do we need to verify the crowdlenders’ identities?

  FundedByMe has just launched its new product, loan-based crowdfunding, which is also known as crowdlending. This service enables savers and private investors from nearly all over the world to become lenders and benefit from the growth of Swedish small and medium businesses. How to do it? It’s easy! Creating an account takes only a few minutes. However, after the registration is complete, FundedByMe has to verify the identity of each lender. This…

FundedByMe launches loan-based crowdfunding (P2P lending)

Once again, FundedByMe is changing the financial landscape in Sweden, by introducing a new financial instrument for investors: loan-based crowdfunding (also known as: crowdlending, peer-to-peer lending or social loans). On February 17th FundedByMe, being the fastest growing crowdfunding platform in Europe, introduced peer-to-peer lending available to Swedish small and medium enterprises. The newly launched peer-to-peer lending by FundedByMe enables investors from all over the world to lend money to Swedish…

Paper sheet with first FundedByMe crowdfunding business model sketch.

Fourth anniversary of first crowdfunding platform presentation

Welcome back to the FundedByMe blog! Right now we are preparing for big changes on one of the leading crowdfunding sites. We will inform about you it soon. But today is an important day for us. Exactly 4 years ago Daniel Daboczy, CEO and one of the co-founders and Arno Smit, CTO and the other co-founder, presented the first crowdfunding business model of FundedByMe. It was actually only on a…

Estimating crowdfunding reward delivery dates

This is part 4 of a 4 part series on rewards for crowdfunding campaigns. Rewards fulfilment is probably the most challenging part of crowdfunding, because from the moment you launch, everyday its’ a race against time to get perks out your door, and into your backers hands. There are just too many unforeseen variables for reward delivery. Here are just some examples: Manufacturer parts are incorrect or not working Shipping, or…

How to price rewards?

This is part 3 of a 4 part series on rewards for crowdfunding campaigns. Pricing rewards is more art than science. There’s no one formula to determine the best pricing for your rewards, because there are just too many variables to consider; perceived value, market competition etc. But here are some key things you should not miss out: Start By Totalling Up All Product Related Costs Pricing rewards is best…

Early bird catches the worm

3 best practices for planning your crowdfunding rewards

This is part 2 of a 4 part series on rewards for crowdfunding campaigns: crowdfunding rewards 3 Rewards Best Practices Tangible rewards > Intangible Rewards Tangible rewards triumph intangible rewards, anytime.Let’s say you are creating the next big social networking site. It’s the next Facebook for pet owners, and you’re crowdfunding it. And I told you that if you backed my project for €20, I would give you beta access to…

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Crowdfunding rewards – What’s in it for me?

This is part 1 of a 4 part series on rewards for crowdfunding campaigns: crowdfunding rewards Your reward perks make or break your campaign. If your reward perks are not well-planned, you will lose the interest of potential backers. You might have a convincing video and a well crafted pitch, but it’s the reward perks that sweeten and close the deal. We wish to make-believe that our community browses them daily…

What is a lead investor

The lead investor

What is a lead investor? When raising capital for your company finding a “lead investor” is a critical piece to the overall puzzle. A lead investor is someone that is willing to put in time and effort to help you secure that first investment. This person won’t put in the whole amount needed, but will give you that initial feedback and help prepare you for further conversations to convey trust…

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Second Round of German Crowdfunding Campaigns Successfully Closed

In the early 2014, FundedByMe established a country office in Germany and started the first round of crowdfunding already in April. The two campaigns were both marked by a success. Together they generated the impressive total of 60.594 € in funds. U55, a horror-adventure gameplay, even closed 34% over the initial funding goal! After this success in the first round, the second round of German campaigns closed on 12th november 2014.…

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What do investors look for in a pitch deck?

More entrepreneurs are moving to a pitch deck format, tackling the biggest questions and trying to digest the idea behind their company as quickly as possible. All the reference photos are taken from AirBNB’s first pitch deck. Elevator Pitch A quick one-liner summary that combines your vision/product and the mission of your company Keep it short and memorable Try: making it relatable… as in “We are X for Y” (“We…