FundRazr.com

By on 7th March 2017
5 (100%) 1 vote

FundRazr.com is a Canadian crowdfunding site and Facebook app first released in 2009. It allows users to set up crowdfunding pages and/or embed fundraising apps on their Facebook pages to raise money for a variety of causes such as medical care, memorials, and animal rescue causes.

The platform was initially a Facebook app that allowed users to crowdfund money over Facebook. It has since developed into a full online fundraising tool set.

FundRazr was the first crowdfunding platform to provide a collaborative community payment model, wherein funds are deposited directly to a company or cause—an example of which is their partnership with Heritage Education Funds to allow families to crowdfund directly to a Registered Educations Savings Plan (RESP).

In November 2015, FundRazr partnered with Place2Give to enable users to crowdfund directly for any registered charity in North America capable of issuing tax receipts directly from FundRazr using the GIVE_api. 

FundRazr uses the donation/perks crowdfunding model, where users keep everything they raise minus the 5% transaction fee. A fee is not charged if no fund is raised. FundRazr allows users to create a campaign page for their cause. The page can then be shared through social media, email or embedded onto a third-party website to solicit donations from supporters. Supporters contribute to a cause through comments, shares, likes, and donations, which are all visible on Facebook. FundRazr is in partnership with PayPal which allow users to deposit and withdraw funding.

On 20 August 2013, FundRazr introduced “Crowdfunding as a Service” technology, which allows web publishers and companies to run crowdfunding service on their site. FundRazr subsequently announced its first official PoweredBy partner, HealthLine on 17 December 2013.

As of 2013, illness, medical and health-related causes represent 58% of money raised. Memorials/tributes represents another 12%. On 28 February 2013, Fundrazr announced that it had raised $20 million for its users. In May 2013, FundRazr announced that it had raised $25 million from 37,000 campaigns. As of March 2014, FundRazr has raised $44 million.

Some of the Funds were raised on FundRazr.com 

The Sacred Stone Legal Defense Fund raised over $2 million in 90 days to fund the legal defense for the #NODAPL protesters of the Dakota Access Oil Pipeline.

Researchers at the American Gut Project, the world’s largest crowdsourced, crowdfunded science project, has raised more than $1 million from over 6,500 “citizen scientists” who have agreed to have their microbiomes sequenced.

Professional Gamer Athene’s project Operation Sharecraft raises over $1 Million (including a matching grant of $500,000 from DC Entertainment) for East African Relief by Save the Children.

Wikileaks Staff Legal Defence Team raises £233,650 as of 7 November 2013 for Wikileaks staff costs and Julian Assange’s legal defence.

Water Protector Legal Collective partnered with the National Lawyers Guild to raise money for the #NoDAPL protests in North Dakota.

Over $181,000 raised in a peer-to-peer campaign by Aprons for Gloves Boxing Association to support Vancouver’s Downtown East Side.

Over $110,000 raised for Peterborough Mosque that was attacked and burnt.

Over $100,000 raised for Australian King Hit victim.

Over $100,000 raised for father with incurable brain cancer.

Wikileaks Staff Legal Defence Team raises $63,969 as of 7 November 2013 for Edward Snowden’s legal defence.

Over $90,000 raised for Tiger Woods’ foundation to send 10 deserving students to college.

The Heiltsuk First Nation of Bella Bella raised nearly $60,000 to cover the costs of a diesel spill in their waters.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *


2 + 6 =