Thundafund is a dynamic and innovative reward-based crowdfunding platform that was founded in South Africa in 2013. Since then, we have expanded our reach to Kenya in 2019 and The Gambia in 2020, becoming a leading force in the crowdfunding industry across Africa.
Our inspiration stems from a deep desire to support and empower entrepreneurs on their journey to success. We understand the challenges that arise when trying to bring innovative projects and ideas to life, especially when it comes to securing the necessary capital. That’s why we established Thundafund — to provide a guiding hand and a supportive community for entrepreneurs like you
What Is Crowdfunding?
Crowdfunding is an online way of raising money for your projects via small contributions by a large amount of people.
It is a modern approach to raising funds for projects or ideas by reaching out to a large number of people through an online platform. Instead of relying on traditional sources like loans or personal savings, crowdfunding allows individuals to showcase their projects and attract support from a community of backers.
Through small contributions from many people, crowdfunding makes it possible to turn dreams into reality, fostering collaboration and empowering individuals to bring their creative, entrepreneurial, or philanthropic ideas to life.
What Type of Crowdfunding is Thundafund?
Thundafund operates a ‘Rewards-Based’, ‘All-or-Nothing’ crowdfunding model. It currently operates in South Africa, Kenya and Gambia
What is ‘Rewards-Based’ crowdfunding?
Project creators essentially ‘presell’ project related items, known as rewards, to backers in turn for their financial contributions. These rewards include retail items, recognition and unique experiences. The example below uses Rands in the example for our South African friends!
What is ‘All-or-Nothing’ crowdfunding?
All projects on Thundafund are required to reach their Tipping Point before their project closes in order to receive all their funds. If their target is not reached all backers of the project will be reimbursed minus the banking fees. This ensures that when a supporter backs a campaign, they know the creator will raise enough to make the project actually happen.
Tipping Point – Minimum required to make your project work
Dream Goal – What you need to make your vision come to life
How long do I have to raise the funds?
You can choose the duration of your campaign, there are three common options either 30, 45 or 60 days.
What criteria do I need to meet?
Use our Guidelines to get a better understanding of how to make sure your project goes live.
What are the costs?
Once your project is successfully funded Thundafund receives a commission on the final amount crowdfunded:
• 5% for certified NGOs;
• 7% for individuals and organisations.
There are also Credit Card, Paypal and related Bank Charges that come off the total raised
It is important also, to bear in mind the cost of creating and delivering rewards
Browse Thundafund.Africa and have a look at some other campains, we invite you to support a campaign to experience the full flow – and then when you’re ready! Sign up for an account and submit a project! Once submitted our support team will guide you on each next step
Visit : Thundafund.Africa!