Raising funds for creative ideas without much of the red-tape around conventional financing is a common problem the world over.
Among the numerous challenges that startups have to deal with, at any stage of the business, is funding. It is on that note that Kwikudi is introducing a crowdfunding platform as an alternative.
Kwikudi promises to provide an avenue for connecting startup entrepreneurs with potential investors, on the basis that 89.6% of entrepreneurial proposals in Africa never go past the SME desks of traditional financing options.
The platform will also serve non-profit organisations.
“Our objectives lie in generating funds for commendable campaigns through the good will of the public and/or the Adroitness of reputable investors.” – Busola Mada, Business Development Executive, Kwikudi
The beta version of the platform is set launch by August 31st, 2015 which will some project live for the general public.
The models the platform will support include “all-or-nothing” and “keep-any-amount-raised” in terms of funding. This means that the owner of a particular project can keep the fund already raised even if the amount raised does not meet the target before the set deadline.
Kwikudi charges a 10% commission for all funds collected.
Do you have a project that needs funding, either at no cost or at a certain equity of the project, signup on Kwikudi as a pre-launch user to get project prep tips as well as launch invites.
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Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
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