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 piece of paper, but it turned out to be a very powerful idea.

The main trigger to fund a new peer to peer financing company was a refusal to list their other project on Kickstarter – American peer to peer reward-based crowdfunding platform. The lesson they took from it was: never give up when it comes to searching for investors. That’s also why FundedByMe started with the reward-based model. Very soon the operations were broaden and to some extent shifted towards equity-based crowdfunding also referred to as crowd-investing.

Since then FundedByMe raised over 100 000 000 SEK for various enterprises in both reward-based and equity-based crowdfunding projects. Local offices were opened in six European countries, in Singapore and a few more are currently being developed. Right now we are working on a new solution that may be game-changing for Swedish entrepreneurship and the crowdfunding business.

But we still have a lot of respect for the leading crowdfunding sites from the US: Kickstarter and Indiegogo, even if they so far only focus on reward-based crowdfunding. Last year we actually bought the domain wich we gave to them as a welcome gift when they entered the Swedish market. However, we do believe that as one-stop-shop for businesses looking for funding and with the unique dealflow exposure to crowdfunding investors we still have plenty of competitive edges. Not at least with the new offer we are soon about to launch, watch out for more news coming soon.