Top 8 Crowdsourcing and Crowdfunding Platforms in Canada [2023]

Crowdfunding is an increasingly popular way of obtaining funding for a project. Crowdfunding platforms are usually websites that allow people to pitch a project or idea in order to raise funds from other users. Users who like the land can make monetary contributions, usually through their credit cards or other payment methods. The crowd – the people who register on these sites – are sometimes referred to as “funders” or “investors”. It’s important to understand how crowdfunding works and how much money you’ll need before you start your campaign:

1. Bank of Montreal

BMO is a Canadian bank that offers a range of products and services. The bank offers banking options for personal, business and commercial customers through its network of more than 1,000 branches across Canada.

As one of Canada’s leading banks, BMO has over 80 years of experience financing major infrastructure projects. The company has also been involved in the financing of some notable projects such as the Trans Mountain Pipeline Expansion Project – which was approved by the federal government in November 2016 – and they have also provided financiers to the OilSands companies of the Alberta such as Suncor Energy Inc., Cenovus Energy Inc., Canadian Natural Resources Ltd., Husky Energy Inc. and Devon Energy Corp..

2. Garage Capital

Garage Capital is a peer-to-peer lending platform that allows users to invest in small businesses. For example, you could lend money to a woman who wants to open a bakery or help an entrepreneur patent his new technology. Garage Capital also helps match investors with entrepreneurs using its proprietary algorithms and data analysis tools.

One of the best things about Garage Capital is that they offer investors high returns – the average return on investment was 10% in 2018 – and has one of the lowest default rates at 3% (against 4% to 10% for other online lenders). You can earn even more by signing up as an investor when they launch their special offers section later this year!

The downside is that despite this high ROI and low default rate, your investment may not be fully protected. If a contractor defaults on their loan payments within a year of receiving them, Garage Capital will buy back your shares at market value prices, but only if those shares were redeemed within 30 days of issuance; Otherwise, there is nothing else we can do about it. “

3.Reitium

Reitium is a crowdfunding platform for real estate investment. Reitium is an online platform that offers individuals the opportunity to invest in real estate. The company allows investors to browse different properties and funds, giving users access to a wide range of investment opportunities.

4. Frontfundr

FrontFundr is a real estate crowdfunding platform. The site allows Canadians to invest in projects with as little as ,000 in a few simple steps. The projects on Frontfundr are all real estate related, so it’s best suited for people who want to invest in a certain neighborhood or region of Canada.

If you are interested in investing on Frontfundr, the first thing you need to do is set up an account and confirm your email address (you will receive an email with instructions). You can then browse through the different projects available for funding and decide which ones seem to be making money for investors. When you find one that interests you, click “Invest Now” and provide your payment information along with other personal information (you may also be required to submit identification documents). Your money will be added to the total project capital before funding ends at 11:59 p.m. PT on January 31 each year

5. Equivalent

Equivesto is a real estate crowdfunding platform that helps Canadians invest in residential properties. The platform allows investors to diversify their portfolio and earn passive income by investing in other people’s mortgages. It allows you to invest as low as ,000 and earn up to 10% annualized returns without the risk of losing money!

For those who are interested in becoming real estate investors, but don’t have the time or resources to learn everything they need to know about this industry on their own, Equivesto offers you a great opportunity to put your money into action immediately!

6. Nexuscrowd

NexusCrowd is a Canadian crowdfunding platform that allows startups and SMEs to raise funds from the crowd. The online platform provides access to capital for entrepreneurs, who can use it to start their business or expand their operations. NexusCrowd offers a range of benefits to its investors, including:

No fees for seed-stage investors.

Very flexible investment conditions (eg interest-bearing monthly loans).

7.ConnectionPoint

ConnectionPoint is a Canadian crowdfunding platform that allows you to raise funds for your business. It is the first crowdfunding platform in Canada focused on helping businesses raise funds.

At ConnectionPoint, we help entrepreneurs and small businesses grow their ideas into successful businesses by giving them access to capital they otherwise wouldn’t have had. We’re here to support you every step of the way – from idea generation through funding and beyond!

We are passionate about entrepreneurship, innovation and community building. We believe that when great people come together with an idea whose time has come, anything is possible.

8. Cronos Group

Cronos Group is a Canadian cannabis company headquartered in Toronto, Ontario. It is one of the largest cannabis companies in the world and an emerging leader in the global medical marijuana industry. The company has operations in Canada, Germany and Israel.

Cronos Group has a market capitalization of .2 billion as of July 2019, making it one of the largest publicly traded marijuana companies in Canada.

Conclusion

Crowdfunding is a powerful tool that can help grow your business and expand your reach. With the right approach, this can be a great way to secure funding for your next product launch or project.