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June 10, 2013

Funddy – Customizable Fundraising Campaigns

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Most people don’t enjoy parting with their hard-earned cash, which is why collecting money for group trips, company events, family reunions, or business projects can be a real headache. Funddy is a fundraising platform that aims to simplify this process, creating an easy way for people to collect money from their friends, colleagues, relatives, and even strangers online.

Quickly create a Funddy account by connecting the app to your Facebook page, then get to work customizing your fundraising campaign by adding a title, category (like art, contests, or education), and currency. Once you’ve created a campaign, you can share it with your friends and collect their contributions through the web-based platform. With Funddy, you don’t have to worry about making correct change or taking a stack of handwritten checks to the bank. Contributors who’ve paid are clearly listed by name on the campaign page you’ve set up, and anyone who visits the page can see how much farther you have to go before reaching your fundraising goal.

The contributions you collect through Funddy are processed with PayPal and deposited into your account immediately. The web-based platform takes the guesswork out of fundraising, and eliminates the back-and-forth debates that can sometimes arise over who has and hadn’t contributed to a group project or gift.

Practical Uses:

  • Collect money from colleagues for a birthday gift for your boss
  • Make sure you get paid back for the group trip you put on your credit card
  • Raise money for your favorite charity
  • Help out a friend who needs money to cover an emergency surgery

Insider Tips:

  • Funds are processed via Paypal
  • Check the Goal Calculator to see how far you are from achieving your goal
  • Connect to Funddy through Facebook
  • Funddy supports 11 different currencies

What we liked:

  • Campaign pages list who has contributed to a fundraising campaign
  • Funddy is extremely open about its fees
  • Contributions that come in through Funddy are dispersed right away
  • The Goal Calculator suggests new contribution goals after approximated service fees are taken into account

What we didn’t like:

  • Nothing

Alternatives:

Company Info:

  • Launched: March 2013
  • Privately Held
  • Headquarters: London, England
  • Founded by: Jose Pacheco, Keyvan Akbary, Fran Perez, and Alex Martin
  • Web site: https://funddy.com

Costs:

  • Funddy charges a 4% service fee, and an additional Paypal fee of 3.4% plus a fixed amount per transaction

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