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12 Best Crowdfunding Sites To Fund Your Business Or Product In Nigeria

Crowdfunding Sites

When it comes to funding a project or an idea, crowdfunding sites has become a solace to many individuals, groups and corporate bodies alike. Before now, great ideas are swept under the carpet because of lack of funding to bring them to reality. Needless to say, access to funding opportunities especially in Africa can be quite difficult.

See Also: 10 business funding opportunities to grow your business

Moreover, not many people can provide the requirements needed to access bank loans. And, when it comes to venture capitalist, you can hardly get one without connection. Pitching to investors is also good but the average individuals may not even find one that will be willing to invest in their ideas.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

This is where crowdfunding sites comes in. Crowdfunding sites bridges the gap between fundraisers and investors/donors. Usually, this is done online. There are numerous crowdfunding sites that allows individuals raise funds from a lot of people who are interested in their project.

Nevertheless, every crowdfunding site have their criteria and the type of project or activities they support. But, there is definitely one that will suit your need. You may ask, why will some individual be interested in giving out money to other people’s cause?

Well, some invest in ideas to get a share of the profit, some invest in ideas because it’s great and they find it interesting, some fund projects because of the benefit attached to the project, while others do so because they just want to help. The list is endless.

See Also: 9 business funding opportunities for women owned businesses

In this article, you will find some of the highly rated crowdfunding sites you can explore.

Top Crowdfunding Site In Nigeria

1. Naijafund

Naijafund serves as a middle man between the people in need of fund and those that can provide such support. Basically, on Naijafund platform, you can actually raise fund for any type of need. From starting a business to paying school fees, hospital bills and so on.

Also, you can connect your account with your social media network where your loved ones can see your needs and render support. Although, it is free to create a crowdfunding campaign on the platform, Naijafund however deducts 10% fee from each donation received.

Website: www.naijafund.com

See Also: 14 sources of funding for entrepreneurs to apply now

2. Fundanenterprise

Fundanenterprise was registered in July, 2018. The crowdfunding website is built for the purpose of raising grant and donations to support Nigerian start-ups. So, if you want to start an enterprise and you need funding, fundanenterprise is the way to go. Get started by creating an account on their website.

Basically, the platforms aim is carried out in threefold: skills training, crowdfunding and handholding of enterprises.

Website: www.fundanenterprise.org

See Also: 10 business ideas to start with 100k in Nigeria

3. Crowdfunder

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

Crowdfunder is an equity crowdfunding site that provides funds for high growth ventures. The platform has a network of over 130,000 entrepreneurs and investors. In addition to that, crowdfunder educates thousands of entrepreneurs to grow high-impact ventures. Currently, crowdfunder has funded over 100 deals at an average deal size of $1.8m.

Website: www.crowdfunder.com

See Also: 10 ways to cut business expenses and grow your business.

4. Kickstarter

Kickstarter is a community where creative individuals can find resources and the needed support to bring their ideas to reality. The platform is open to artists, filmmakers, musicians, designers, poet, writers and other related individuals.

Since Kickstarter was launched in 2009. 17million people have supported a project, $4.8b has been pledged and 169,379 projects have been funded.

On Kickstarter, you have to meet your set goal within the specified time. Else, everybody will get their money back. To create your project is actually free but when funding is successful, Kickstarter charges 5% fee for you to collect the funds and processing fee of up to 3-5%.

Website: www.kickstarter.com

See Also: 12 online business ideas you can start now from home and become rich

Crowdfunding Sites

5. CircleUp

CircleUp provide capital in form of equity, credit or both, based on your business’s unique needs. If you are into the production of consumer goods or brands, check out CircleUp.

The platform uses machine learning to evaluate companies in a scalable and fair way than the traditional system.

Website: www.circleup.com

See Also: Small business grants for women owned businesses

6. Indiegogo

Indiegogo is another platform that creates opportunity for entrepreneurs to get crowd funding for their businesses from the earliest stage of development.

Since 2008, Indiegogo community has helped in bringing more than 800,000 ideas to reality. Apart from being a crowdfunding site, it is also a marketplace where you can find innovative products before the world hears about it. They have a mantra that says, “Find it first on Indiegogo”.

Website: www.indiegogo.com

See Also: How you can start a business with almost no cash

7. MicroVentures

MicroVentures is an equity crowdfunding investment platform that helps startups and small businesses raise capital online. The platform combines the best of venture capital with equity crowdfunding. Once you apply on the platform, they will discuss the appropriate funding option for your venture with you.

MicroVentures carry out thorough review on applicant’s idea before featuring such on their website. If the applicant scales through, the funding process takes like six weeks.

Website: microventures.com

See Also: How to write a business plan step by step for your business

8. Imeela

If you are an entrepreneur or start up with an innovative idea but in need of funding, Imeela can help you create great crowdfunding campaign to help get your ideas off the ground. Besides that, they also provide strategies that will help you kickstart your business.

Website: imeela.com

See Also: 12 Eco-friendly business ideas that will make you rich

9. NaturFund

NaturFund is an online crowdfunding site supporting startups, projects and businesses. Basically, the platform connects project owners to investors and philanthropists. NaturFund raises high net worth funds to invest in profitable businesses.

On NaturFund, you can either create a project/business or invest in one.

Website: www.naturfund.com

See Also: How you can get capital to start your own business

10. GoFundme

Gofundme is a crowdfunding platform that is centered on providing fund to individuals, groups and organisations. Unlike some crowdfunding platform, gofundme do not fund business ideas. But, if you have community project, medical expenses, volunteers or special cause that needs supports, you can consider gofundme.

In just few minute, you can personalize your fundraising campaign and share with the people in your life. Also, with gofundme, all the money you collect goes directly to your bank account.

Gofundme charges a standard transaction fee of 2.9% plus $0.30 per donation.

Website: www.gofundme.com

See Also: Questions you must ask before you start a business

11. Quickraiz

Quickraiz is an online platform for personal fundraising, group gifting and crowdfunding needs. The platform bridges the gap between fundraisers and donors across Nigeria. In addition, Quickraiz makes management of funds easy for individuals, charity organisation, schools and communities alike.

Website: www.quickraiz.com

See Also: Top 10 start-ups solving Africa’s problem

12. Donate-ng

Donate-ng was founded in 2015 to ease the burden of raising funds for charity organisations and individuals in Nigeria. The platform’s aim is to ensure that no huge cause goes unfunded. So, if you have a cause or project that needs funding, check out donate-ng.

Website: donate-ng.com

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