“Crowdfunding can be seen as the democratisation of finance. It’s a way to raise capital and a crowd, while testing the market. During the process you’re evaluating the idea, building networks and receiving customer feedback before going into production.” – Andrea Morgan
“Crowdfunding gives the company time to test the business model and develop a marketing strategy. As a start-up, this is crucial and provides valuable information to show whether the company has the ability and support needed to succeed.” – Andrea Morgan, Thundafund
February 2015: Woman & Home | Money Savvy Know How – Raise Money Through Crowdfunding
“In 30 days, we raised almost R50 000, which is incredible – we wouldn’t have been able to fund this project if hadn’t used Thundafund.” – Michelle Matthews, Book Dash.
“There have been several attempts at crowdfunding initiatives locally, but the most successful and sustainable has been Thundafund, which has raised more than R3 million for 92 projects through 3 835 investors since its inception a year ago.”- Maya Fisher-French
“A huge 70% of new businesses fail in their first year, says Patrick Schofield, co-founder of new South African crowdfunding platform, Thundafund. But group funding can turn this alarming statistic on its head – by testing whether there is a market for a new idea before pouring cash into it.”
October 3,2013 – YOU | Give your plan a helping hand.
“Thundafund’s aim is to have funded more than 3 200 projects by 2016. Crowdfunding could play a valuable role in easing SA’s unemployment rate. “If each project creates only three jobs, by 2016 we’ll have about 10 000 new jobs.” – Patrick Schofield.”
September 20, 2013 – Huisgenoot | ‘N geldspan vir jou blink plan.
“Deur skarefinasiering kan jy aanlyn skenkings kry vir die besigheid wat jy wil begin…”
August 18, 2013 – Sunday Tribune Business KZN | Less is more does wonders.
“Thundafund went live with 6 projects, raising over R60 000 in its first week. Within the first month, more than R120 000 had been raised.”
August 18, 2013 – Sunday Tribune Business KZN | Different product, different approach.
“YBike has broken South African crowdfunding records, raising R50 000 of required start-up funding via Thundafund for a new product called Evolve.”
June 26, 2013 – Grazia | No Cash? No problem!
“…Thanks to sites such as Kickstarter or Indiegogo – and the local version, Thundafund – when it comes to making your dreams come true, all you have to do is ask.”