Platform’s Offer for Investors:
As a backer on Thundafund, individuals can support diverse projects by pledging funds in exchange for non-monetary rewards, such as products, services, or acknowledgments, fostering a collaborative environment for creative and entrepreneurial ventures.
Platform’s Offer for Fundraisers:
Thundafund provides project creators with the tools to launch and manage crowdfunding campaigns, including customizable project pages, milestone setting, access to a network of potential backers. Thundafund does not employ an all-or-nothing model, but a flexible funding model where creators receive the funds they raise, even if their campaign does not reach its fundraising target.
Anyone interested in supporting innovative and creative projects across Africa can become a backer on Thundafund, contributing to campaigns that resonate with their interests and values.
What Happens when a Campaign does not Reach the Targeted Goal?
Thundafund operates on a flexible funding model. If a campaign does not reach its fundraising goal, the funds raised are reconciled and paid out to the campaign creator rather than being automatically returned to backers.
Thundafund charges a fee of 7% (excluding VAT) on the total funds raised for regular projects, and 5% (excluding VAT) for registered NGOs. Additionally, third-party transaction fees range from 3% to 5.5%, depending on the payment method used.
Thundafund offers to invest in various crowdfunding opportunities from the Startups, SME sector.
At Thundafund, you can start investing with ZAR 1.
The investment models Thundafund operates is Reward, Donation.
