Fundly is a

crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over was raised worldwide by crow ...

site for online fundraising. It allows non-profits, charities, politics, clubs, schools, teams, churches, and other causes to raise money online from friends, family, colleagues, donors, and other supporters via email, Facebook, Twitter, LinkedIn, Google, and social media networks. It is also an app for social networks like

Facebook Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin M ...

and

LinkedIn LinkedIn () is an American business and employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job se ...

. It uses

WePay WePay is an online payment service provider based in the United States. It provides an integrated and customizable payment solution, through its APIs, to platform businesses such as crowdfunding sites, marketplaces and small business software co ...

to process donations. Donors are charged when they make a donation. Other sites like Fundly include GoGetFunding, Indiegogo and Kickstarter. The CEO of the company is Dennis Hu. In 2011, Fundly obtained $2 million in seed funding using the on-line investor marketplace,

AngelList AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startup ...

.Rip Empson, “Social Fundraising Site Fundly Raises $2 Million of its Own”, Techcrunch, 24 February 2011.
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Notable projects

*A Very Jersey Xmas is a 2012 fund raiser sponsored by New Jersey natives living in the

San Francisco Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Go ...

for relief of victims of

Hurricane Sandy Hurricane Sandy (unofficially referred to as ''Superstorm Sandy'') was an extremely destructive and strong Atlantic hurricane, as well as the largest Atlantic hurricane on record as measured by diameter, with tropical-storm-force winds spann ...

. Donors are invited to parties where they dress up as their favorite Jersey character. *

Meg Whitman Margaret Cushing Whitman (born August 4, 1956) is the US ambassador to Kenya, an American business executive and former gubernatorial candidate for California. She is a board member of Procter & Gamble and General Motors. Whitman was previously ...

used Fundly to raise $20 million for her campaign for governor of California.

Pricing

Fundly charges fees based on the scale of the fundraiser. Individual campaigns are charged 4.9% of the funds collected, plus 3% credit card fees. Campaigns that reach certain donation levels receive discounts on the fee percentage that Fundly charges. Campaign donations raised from $50,001 to $500,000 are charged 4.4%, donations raised from $500,001 to $1,000,000 are charged 3.9% and every donation raised over $1,000,000 is charged 2.9%

Patents

Fundly has a patent pending on its fund raising technology.Mark Glaser, “Fundly + Facebook = Millions in Micro-Donations for Campaigns”, MediaShift, 30 November 2010
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References

External links

* {{Crowdfunding platforms Crowdfunding platforms of the United States Companies based in Silicon Valley 2009 establishments in California

Notable projects

Pricing

Patents

See also

References

External links