Crowdfunding is a way of raising money to finance projects and businesses. It enables fundraisers to collect money from a large number of people via online platforms. Crowdfunding is most often used by startup companies or growing businesses as a way of accessing alternative funds.
Crowdfunding Services In South Africa
Jumpstarter Crowdfunding
Address: 12 Grand National Blvd, Royal Ascot, Cape Town, 7441, South Africa
Hours: Closed ⋅ Opens 9AM Fri
Feenix – Crowdfunding for students
Address: Woodstock Exchange, A406, 4th floor, Albert Rd, Woodstock, Cape Town, 8001, South Africa
Hours: Closed ⋅ Opens 9AM Fri
Phone: +27 21 007 5786
Crowdprop RF Limited
Address: Office 103 Killarney Mall Office Tower, Johannesburg, 2193, South Africa
Areas served: South Africa
Hours: losed ⋅ Opens 8AM Fri More hours
Phone: +27 11 243 2019
Uprise Markets
Address: 12th Floor – Sandton City Office Towers, Sandton, South Africa
Hours: Closes soon ⋅ 6PM ⋅ Opens 9AM Fri
Phone: +27 11 784 0603
WeWork – Coworking & Office Space
Address: 80 Strand St, Cape Town City Centre, Cape Town, 8001, South Africa
Hours: Closed ⋅ Opens 8AM Fri
Phone: +27 21 895 0062
Is crowdfunding legal in South Africa?
Crowdfunding is not specifically regulated in South Africa. However, crowdfunding activities may be subject to existing regulation under South Africa’s general financial services regulatory frameworks.
How do I apply for a crowd Fund in South Africa?
How to create a crowdfunding campaign in South Africa
Raise funds for an individual or cause on BackaBuddy.
Register your non-profit organisation to raise funds on BackaBuddy.
Create a crowdfunding campaign to raise funds for a non-profit organization on BackaBuddy.
What are the 4 types of crowdfunding that exist in South Africa?
There are four different types of crowdfunding: rewards, donation, debt and equity. To run a successful crowdfunding campaign, you need to capture the attention of a large number of backers and convince them that your project is worthy of their investment.
Can I use crowdfunding to buy a house in South Africa?
It’s now possible to invest in real estate through crowdfunding platforms or even raise enough money to cover the purchase of a home. While crowdfunding a home purchase sounds like a pretty sweet alternative to taking out a mortgage, there are some potential downsides.
What are the disadvantages of crowdfunding in South Africa?
if you haven’t protected your business idea with a patent or copyright, someone may see it on a crowdfunding site and steal your concept. getting the rewards or returns wrong can mean giving away too much of the business to investors.