FundRazr
Type of site | Crowdfunding |
---|---|
Available in | English |
Slogan(s) | Powerful. Practical. Proven. Online fundraising made easy. |
Website |
fundrazr |
Launched | 1 September 2009 |
Current status | Active |
FundRazr is a Canadian crowdfunding site and Facebook app first released in 2009. It allows users to set up crowdfunding pages and/or embed fundraising apps on their Facebook pages to raise money for a variety of causes such as medical care, memorials, and animal rescue causes.[1]
History
FundRazr was founded in 2008 by Daryl Hatton. The head office is located in Vancouver, Canada. The platform was initially a Facebook app that allowed users to crowdfund money over Facebook.[2] It has since developed into a full online fundraising tool set.
FundRazr was the first crowdfunding platform to provide a collaborative community payment model, wherein funds are deposited directly to a company or cause—an example of which is their partnership with Heritage Education Funds to allow families to crowdfund directly to a Registered Educations Savings Plan (RESP).[3]
In November 2015, FundRazr partnered with Place2Give to enable users to crowdfund directly for any registered charity in North America capable of issuing tax receipts directly from FundRazr using the GIVE_api.[4]
Business model
FundRazr uses the donation/perks crowdfunding model, where users keep everything they raise minus the 5% transaction fee.[5] A fee is not charged if no fund is raised. FundRazr allows users to create a campaign page for their cause. The page can then be shared through social media, email or embedded onto a third-party website to solicit donations from supporters. Supporters contribute to a cause through comments, shares, likes, and donations, which are all visible on Facebook.[6][7] FundRazr is in partnership with PayPal which allow users to deposit and withdraw funding.[8]
On 20 August 2013, FundRazr introduced "Crowdfunding as a Service" technology, which allows web publishers and companies to run crowdfunding service on their site.[9] FundRazr subsequently announced its first official PoweredBy partner, HealthLine on 17 December 2013.[10]
As of 2013, illness, medical and health-related causes represent 58% of money raised. Memorials/tributes represents another 12%. On 28 February 2013, Fundrazr announced that it had raised $20 million for its users.[11][12][13][14] In May 2013, FundRazr announced that it had raised $25 million from 37,000 campaigns.[15][16] As of March 2014, FundRazr has raised $44 million.[17]
Awards
- 2015 Vancouver UX Awards Nominee - UX for Good [18]
- 2013 UK Trade and Investment Global Competition Winner[19]
- 2013 BCTIA Technology Impact Award - Most Promising Start-up[20]
- 2013 Vancouver Social Media Award - Best Social Media Campaign (non-profit)[21]
- 2013 #30 on Profit`s Hot 50 Rankings[22]
- 2014 CFWR Top UK Donation and Reward Crowdfunding Site[23]
Notable projects
Rank | Total raised | Project start | Project description |
---|---|---|---|
1 | $2,371,889 | August 2016 | The Sacred Stone Legal Defense Fund raised over $2 million in 90 days to fund the legal defense for the #NODAPL protesters of the Dakota Access Oil Pipeline.[24][25] |
2 | $1,278,999 | October 2015 | Researchers at the American Gut Project, the world’s largest crowdsourced, crowdfunded science project, has raised more than $1 million from over 6,500 “citizen scientists” who have agreed to have their microbiomes sequenced.[26] |
3 | $1,007,356 | March 2012 | Professional Gamer Athene's project Operation Sharecraft raises over $1 Million (including a matching grant of $500,000 from DC Entertainment) for East African Relief by Save the Children.[27] |
4 | $414,869 | July 2011 | Wikileaks Staff Legal Defence Team raises £233,650 as of 7 November 2013 for Wikileaks staff costs and Julian Assange's legal defence.[28] |
5 | $256,740 | October 2016 | Water Protector Legal Collective partnered with the National Lawyers Guild to raise money for the #NoDAPL protests in North Dakota.[29] |
6 | $181,346 | November 2016 | Over $181,000 raised in a peer-to-peer campaign by Aprons for Gloves Boxing Association to support Vancouver's Downtown East Side. |
7 | $110,536 | November 2015 | Over $110,000 raised for Peterborough Mosque that was attacked and burnt.[30] |
8 | $107,742 | November 2013 | Over $100,000 raised for Australian King Hit victim.[31] |
9 | $103,034 | December 2013 | Over $100,000 raised for father with incurable brain cancer[32] |
10 | $103,014 | August 2013 | Wikileaks Staff Legal Defence Team raises $63,969 as of 7 November 2013 for Edward Snowden's legal defence[33] |
11 | $97,969 | July 2013 | Almost $90,000 raised for single mother who lost 3 limbs in a dog bite accident[34][35] |
12 | $93,402 | April 2012 | Over $90,000 raised for Tiger Woods' foundation to send 10 deserving students to college[36] |
13 | $59,778 | October 2016 | The Heiltsuk First Nation of Bella Bella raised nearly $60,000[37] to cover the costs of a diesel spill in their waters.[38] |
14 | $30,544 | October 2013 | Over $30,000 raised for "good hearted boy",who used the money to pay off overdue lunch accounts in local elementary schools.[39] |
References
- ↑ Ivor Tossell, “FundRazr pushes crowdfunding to next level with social platform”, The Globe and Mail, 7 October 2013.
- ↑ Knowlton Thomas, “Exclusive Interview: Vancouver's FundRazr raises the bar with monumental PayPal and Facebook collaboration” Techvibes, 8 August 2010.
- ↑ "Crowdfunding for RESPs: Toronto company launches ‘simple solution’ to raise money for child’s education" Financial Post, 2 December 2015.
- ↑ "FundRazr, Dexterity Ventures to Launch Partnership on National Philanthropy Day" TechVibes. 10 November 2015.
- ↑ Stephen Hui, “Vancouver startups put a new spin on crowdfunding”, Straight.com, 27 November 2012
- ↑ Nelson Bennett, “Social media harnessed to raise investment dollars”, Business Vancouver, 24 July 2012
- ↑ Kate Taylor, “6 Top Crowdfunding Websites: Which One Is Right For Your Project?”, Forbes, 6 August 2013.
- ↑ “Exclusive Interview: Vancouver's FundRazr raises the bar with monumental PayPal and Facebook collaboration” Knowlton Thomas, Techvibes, 8 August 2010.
- ↑ Rob Lewis, “FundRazr Introduces Crowdfunding as a Service” Rob Lewis, Techvibes, 20 August 2013.
- ↑ Joseph Czikk , “VANCOUVER’S FUNDRAZR TO HELP AMERICANS CROWDFUND HEALTHCARE COSTS” Joseph Czikk, Betakit, 17 December 2013.
- ↑ Sumari MacLeod, "Vancouver's Fundrazr Hits $20 Million in Donations", Techvibes,28 February 2013
- ↑ Cheryl Alkon, "'Crowdfunding' sites pay medical bills, raise hopes", USA Today, 18 January 2013
- ↑ Lauren Dugan, “PayPal Makes Online Fundraising a Social Experience with FundRazr”, SocialTimes, 19 August 2010
- ↑ Hansen, Evan; Tate, Ryan (1 November 2012). "Can Facebook Army Supercharge Nonprofit Fundraising? First Test: Sandy". Wired (magazine). Retrieved 13 November 2012.
- ↑ Dianne Buckner, "Crowdfunding websites trying to cash in on crowded field", CBC,18 June 2013
- ↑ Charles Luzar, "FundRazr: $25 Million Raised For 37,000 Crowdfunding Campaigns Since 2010", Crowdfund Insider,21 May 2013
- ↑ Bret Conkin, "The Funding Continuum Enters Stage Left", Crowdfund Insider,27 March 2014
- ↑ "UX for Good", Vancouver UX Awards ,1 December 2015
- ↑ "Canadian innovation heads to the UK", GOV.UK,12 July 2013
- ↑ Cassandra Leger, "FundRazr Crowdfunding Platform Named Most Promising Startup At The Technology Impact Awards", Right Startups ,10 July 2013
- ↑ Sumari MacLeod, "http://www.techvibes.com/blog/the-good-and-the-bad-of-the-2013-vancouver-social-media-awards-2013-04-01", Techvibes ,1 April 2013
- ↑ "FundRazr (ConnectionPoint Systems Inc.)", ProfitGuide ,2013
- ↑ "Four Stars and Top International Honors", Crowdfunding Website Reviews Dec 2014
- ↑ "7 Ways to Support Standing Rock's Protest Against the Dakota Access Pipeline". Harper's BAZAAR. 2016-11-23. Retrieved 2016-12-01.
- ↑ "Sacred Stone Legal Defense Fund". FundRazr. Retrieved 2016-12-01.
- ↑ “American Gut Project Crowdfunds $1 Million to Study the Human Microbiome”, UC San Diego News Center, 29 October 2015.
- ↑ Kate Cox, “Gaming Provocateur Aiming to Raise $1 Million for Humanitarian Aid”, Kotaku, 27 March 2012
- ↑ John Hudson, “Why WikiLeaks Is Raising Money Using MasterCard and PayPal Again”, The Atlantic Wire, 2 March 2011.
- ↑ "Water Protector Legal Collective, formerly Red Owl". FundRazr. Retrieved 2016-12-01.
- ↑ “Faith manages: Peterborough rebuilds as mosque fire deemed a hate crime”, Globe and Mail, 17 November 2015.
- ↑ Emma-Jayne Schenk, “Ongoing battle for king hit victim Matt Scarff”, Bendigo Advertiser , 4 January 2014.
- ↑ Amy Remeikis, “Homecoming for Rome Torti”, Brisbane Times , 3 January 2014.
- ↑ “WikiLeaks launches site for Edward Snowden's legal defense” Adrianne Jeffries, The Verge, 28 October 2013.
- ↑ “Ottawa mother loses 3 limbs after dog bite infection” CBC News, CBC News, 21 July 2013.
- ↑ “How an Ottawa mother lost three limbs to rare dog bite infection, but not her spirit” Sarah Boesveld, National Post, 22 July 2013.
- ↑ Tiger Woods Foundation, “Help send 10 deserving students to college”, Tiger Woods Foundation, 19 April 2012.
- ↑ "Support Heiltsuk Efforts in Diesel Spill". FundRazr. Retrieved 2016-12-01.
- ↑ News, Elizabeth McSheffrey in; 2016, Energy | October 18th (2016-10-18). "First Nation considering lawsuit after diesel spill destroys clam beds". National Observer. Retrieved 2016-12-01.
- ↑ “'Good-hearted boy': 8-year-old pays off overdue lunch accounts”, Today (U.S. TV program), 4 March 2014.