Fundable

• Campaign Options
• Campaign Approval Process
• High Maximum Fundraising Amounts
• Flexible Deadlines
• Low Fees
• Receiving Funds
• Consultancy Service Work Options
• Positive Customer Reviews

Campaign Options

Companies using Fundable can choose between two types of fundraising campaigns:

• Rewards — Raise funds from the public by selling your product or services related to your business. Best for consumer facing companies with funding goals from $1,000 to $50,000.
• Equity — Raise funds from accredited investors by offering stock shares in your company. Best for product, service and B2B companies with funding goals from $50,000 to $10,000,000.

Fundable's options allow you to choose the best campaign model for your needs and business growth.

Campaign Approval Process

Once you submit a profile on Fundable it will typically take 2 to 3 days to be approved. The Fundable team will review your campaign and ensure that all sections are complete and meet the Terms of Service. As long as all sections have been completed and all conditions are met, your campaign should be approved.

High Maximum Fundraising Amounts

Fundable does not have a specific cap or maximum amount of how much you can raise. The company recommends $50,000 max if a customer is using the Rewards model and anything $50,000 and over if using the Equity model.

Flexible Deadlines

There is no minimum or maximum duration for fundraising with Fundable. With Equity fund types, an investor's commitment will need to be renewed every 90 days. Each campaign is unique so clients have the flexibility to work with the Fundable team for as long as they need to. 

Low Fees

In comparison to other crowdfunding platforms, Fundable has competitively low fees. Fundable charges the following fees:

• Monthly fundraising fee — The fundable platform is available to use for as little as $179 per month (this cost includes the creation and management of your fundraiser).
• Merchant processing fees (rewards-based campaign type only) — For rewards-based fundraises, funding is committed through Backer credit cards, which have a merchant processing fee of 3.5% + 30¢ per transaction. The fee will be deducted by WePay, Fundable's merchant processing partner.

It is important to note that it is free to create a company profile on Fundable, and there are no success fees - whatever money you collect is all yours.

Receiving Funds

How funds are received depends on the funding model selected. At the end of the Rewards campaign, all funds are automatically collected and transferred to the customer's business bank account. With an Equity campaign, all commitments are processed offline after the close of fundraise.

Consultancy Service Work Options

Fundable's team takes a very hands-on, step-by-step approach from profile creation to marketing to help companies understand the fundraising process and launch their funding campaigns. Whether creating a profile or revamping a marketing strategy, a member of the Fundable team is there to offer assistance. This approach is delivered based on the fact that the founders of Fundable have personal experience raising money and are familiar with the process.

Therefore, Fundable can offer personal expertise to their clients. Administrative assistance from Fundable comes in the following ways:

• Funding Accelerator — Designed to equip founders with the right knowledge and the best resources to tackle their raise with newfound confidence, the Funding Accelerator provides clients with a dedicated consultant that works with clients across every step of the process — helping them level set, stay on track, and reach their desired fundraising goals. With built-in, one-on-one strategy sessions, clients are given a deep dive into the most important aspects of the fundraise process; structuring your raise, crafting your pitch, investor selection and investor outreach. At the conclusion of the strategy sessions, a Fundable profile page is created, allowing clients to host their raise while still being serviced by Fundable's consulting team.
• Platform Page Creation — For clients looking for an expedited service option, Fundable also provides a less hands-on approach for clients that are working with a tight timeframe. Like the Accelerator above, clients work with a dedicated consultant, via one onboarding call, to get their opportunity ready to be launched on the platform.

Positive Customer Reviews

Although Fundable reviews are limited, the majority of reviews are 5-star. Satisfied customers most frequently highlight exceptional customer service and low upfront costs in comparison to the deliverable. In addition, most customers say that they would recommend Fundable to friends or other business owners.

• "All or Nothing" Rewards Campaign Structure
• Company Must Have a U.S. Presence

"All of Nothing" Rewards Campaign Structure

Fundable only uses an "all or nothing" fundraising approach for the Rewards raise model. This means that you must meet or surpass your fundraising goal or you can't collect any funds. 

For equity campaigns, fundraises comes down to what the goal amount is that a company needs to move their business forward and foster continued growth — these transactions aren't facilitated through Fundable, but are instead made through investors.

Company Must Have a U.S. Presence

Fundable isn't able to offer its crowdfunding services to companies without a U.S. presence. However, it is acceptable if your company is headquartered elsewhere as long as your are registered in the U.S. This means that you must have a U.S. bank account, address, and social security number or business tax ID number.