How does Thundafund work?

 

What Is Crowdfunding?

Crowdfunding is an online way of raising money for your projects via small contributions by a large amount of people.

What Type of Crowdfunding is Thundafund?

Thundafund operates a ‘Rewards-Based’, ‘All-or-Nothing’ crowdfunding model.

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 experience | access.

Rewards

 

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.

All or Nothing

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 options either 30, 45 or 60 days.

Time

What criteria do I need to meet?

Use our Guidelines to get a better understanding of how to make sure your project goes live.

Costing

Once your project is successfully funded Thundafund receives a commission on the final amount crowdfunded:
• 5% for certified NGOs;
• 7% for individuals and organisations.

Now What? 

Ok, lets submit a project: Thundafund Project Submission.