The 5 Best Crowdfunding Platforms of 2020

Beauty Kumari

20th Oct'20

What is Crowdfunding?

Crowdfunding is a creative method of raising capital with the help of assistance. These contributions can be made through personal investors, clients, friends, and family through social media or crowdfunding platforms. The crowdfunding method enables businesses to collect the sufficient funding needed to execute their business idea successfully. They do so by tapping into the network, progressing financial support, and attaining the market for potential contributors.


Read the below article to know more about it: 

Top 10 Crowdfunding Platforms of 2020

Crowdfunding gives a chance to business owners to present their business plan to a massive audience.Tips for conducting a successful crowdfunding campaign.


Top 5 Crowdfunding Platforms Of 2020

1. GoFundMe

The GoFundMe platform is very prominent on social media. You have probably seen it being used for crises and charitable causes, but industries can use it as well. The crowdfunding site is very easy to use and is very important among influencers on Twitter. The platform collects a 2.9% processing fee and 30 cents for every donation.


2. Indiegogo

Indiegogo is an apparent choice for best overall for its track record of success in helping to fund more than 800,000 ideas all over the nation. With Indiegogo, which is accessible in 235 countries and territories, you can create a crowdfunding campaign for any idea or product that you want to inaugurate.


3. Patreon

Patreon is one of the more prominent crowdfunding platforms among digital creatives. Instead of one-off donations, Patreon builds a subscription model where fans can regularly participate in a set amount of money either monthly or per creation. The site is very easy to utilize and boasts over two million active patrons and over 100,000 active creators.


4. Causes

Causes is the number one online crowdfunding platform for social, political, and cultural topics. This means that it is an excellent platform for NGOs and other non-profit reasons. The platform practically wants to help boost money to make the world better.


5. StartEngine

StartEngine is a standout choice for those looking to invest some money because the platform enables everyday people like you to put your money directly into corporations and startups you admire and get equity in return, for as little as $100 to start.


Read the below articles to know more about it:

The 6 Top Crowdfunding Platforms of 2020

The digital era has made raising funds for your business idea, nonprofit cause, or personal needs easier with the use of online crowdfunding platforms.These platforms will help you get the funds you need for your project, idea, or cause. Read more, click here

Best Crowdfunding for Startups 2020

Crowdfunding sites connect your startup to willing investors and fund contributors—and we found the cream of the crop. Read more, click here.

6 Best Crowdfunding Platforms for Personal and Business Projects

The business or individual usually sets funding goals to reach a benchmark by a certain date. Once that funding goal is met, the sponsoring platform administers the fund. Read more, click here

8 Crowdfunding Sites to Raise Money For Your Big Idea

what are your options if you want to crowdfund your business? Let’s take a look at some of today’s best crowdfunding sites for you to raise funds for your next campaign. Read more, click here


We, at OpenGrowth, are continually looking for trending startups in the ecosystem. 

If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer to the other blogs at OpenGrowth. If you have any suggestions, do let us know in the comment section below.

Beauty is an eloquent individual, loves to express a myriad of topics through her words. With a never-say-no attitude, she is ready to take any professional challenge head-on and gives her best to any project entrusted to her. She hopes to make an impact through her writing and build a career out of my passion.