Crowdfunding and crowdsourcing have grown in popularity around the world. In Singapore, the number of startups funding their projects has grown significantly over the years. In this article, we will discuss some of the most popular crowdfunding platforms in Singapore and explain how they work.
1. Hodlnaut
Hodlnaut is a crowdfunding platform that allows businesses to connect with investors around the world. It is a Singapore-based company and has been in operation since 2016.
Hodlnaut connects companies to investors through its platform. The company’s goal is to help entrepreneurs access capital by providing them with an easy to use platform where they can find potential partners who are ready to invest in their business ideas/projects.
The process works like this: you create an account on Hodlnaut (which requires some basic information such as your name, email and contact details) then submit your request for funding – this includes details of what you want funded (e.g. hire more employees) How much money do you need? How long will it take? Are there any restrictions on who can participate in the campaign? etc.). Once approved by our team at Hodlnaut, we’ll send email notifications letting people know about your campaign so they know when they could contribute!
2. Investirax
Investax is a Singapore-based crowdfunding platform that allows users to invest in businesses and projects. With Investax, you can participate in the capital raising of your choice, while protecting your investment with flexible terms.
Investax has been around since 2013 for investors to diversify their portfolios through direct investments in companies or projects. The company offers its services through its website (Investax.com), mobile app, Facebook Messenger bot and Telegram bot.
As well as being available online, Investax also offers offline support by providing meetings with project managers who will explain how their idea works before it is produced – something not commonly done elsewhere due to this type service outside Southeast Asia!
3. Milaap
Milaap is a crowdfunding platform that connects the world.
Milaap allows you to connect with investors and entrepreneurs, who are looking for funding in their respective fields. The platform is ideal for beginner entrepreneurs as it provides you with all the basic information on how to start your business, as well as advice on how to market yourself online, what type of products or services should be offered and of the amount of money to collect from investors (known as capital).
The best part about Milaap is how easy it is to use – there’s no need for coding knowledge if you want someone else (or another group) to do all the hard work!
4. Funded
FundEdhere is a crowdfunding platform that helps entrepreneurs raise capital for their projects. It has a wide range of categories for investors to choose from, including startups and SMEs. The platform also offers different ways to invest your money in the future of your favorite project: as an angel investor or as part of a syndicate.
FundEdhere has a strong community of entrepreneurs and investors who have been working together since its launch in 2005. You can easily find people who share similar interests or goals with you, making it easier for you to connect with other people. other people on this platform!
5. Zingohub
ZingoHub is a crowdsourcing platform that lets you crowdsource your ideas. It was designed specifically for small businesses, artists, and entrepreneurs.
ZingoHub provides a friendly environment where anyone can pitch an idea, get community feedback, and launch their project to the world.
6. InvestNote
InvestingNote is a platform that connects investors with startups. It is a community of investors and entrepreneurs, who seek to earn money on their investments. The platform helps both parties get the best possible deal, so you can be sure your money will be well spent!
InvestingNote takes care of all the paperwork involved in investing in startups. This means there is no need for you or your team members to worry about finding an investor or making presentations at meetings at conferences – everything else will be taken care of by investing the fact itself. !
7.Fundigo
Fundigo is a Singapore-based crowdfunding platform that helps you find funding for your business idea. With Fundigo, you can choose from a variety of financing options, including loans and equity investments.
The company offers three types of funds:
- Short Term Funds – These are loans that have a term of less than six months, with interest rates ranging from 5% to 10% per annum. These are ideal for startups looking to exit their product quickly or businesses that need working capital until they become profitable enough not to need more debt funding;
- Medium Term Funds – These are generally longer term loans ranging from 6 months to 24 months with interest rates ranging between 7% to 11%. This type of loan will usually require collateral such as shares in your business or home/property;
- Long-term loans – these last up to 48 months with variable interest rates depending on the amount of money borrowed at a given time (i.e. as long as there is asked).
8. Fundaclaces
FundPlaces is a platform for investors to connect with startups. It has a community of investors looking for startups to invest in, as well as companies looking for funding opportunities. The website allows users to browse its database of startups and submit their ideas, which are then reviewed by members of the site’s community before being accepted or rejected by them.
The company was founded in 2017 by Vishal Gupta, who previously worked as an investment banker at Goldman Sachs International and Citigroup Global Markets India Pvt Ltd (formerly known as Salomon Smith Barney).
9. Freshness
Freshmonk is a Singapore-based crowdfunding platform that helps small businesses raise funds from the crowd.
Freshmonk was started by a group of entrepreneurs who wanted to make it easier to find funding through an online platform. They also wanted their customers to be able to invest in projects they care about, whether it’s supporting their favorite charity or buying products from small businesses that need the extra cash flow.
10. Capital boost
Kapital Boost is a Singapore-based crowdfunding platform that lets you raise funds for your business. Kapital Boost has a team of experts, including lawyers and accountants, who will help you find investors and manage your business.
Kapital Boost also offers several financing options: equity investments through its company capital or convertible bonds; loans; Lines of credit; Bond notes; Private Placement Notes (PPN); Treasury stocks; Asset management services such as leasing assets or managing financial products like insurance policies. The Company also provides services such as providing information on securities markets in general and offering brokerage services through its subsidiaries (i.e. Mercado Financial Services Ltd.).
Conclusion
We hope this article has helped you understand the importance of crowdsourcing in Singapore. Crowdsourcing has been around for a long time, but it’s only recently been used as an alternative source of funding for startups and small businesses. As we can see from all of these platforms, crowdsourcing is rapidly growing in popularity as an alternative way for start-ups to raise capital without having to go through traditional banks or venture capitalists.