FundRazr

FundRazr is a free crowdfunding and online fundraising platform first released in 2009. FundRazr operates internationally in 35+ counties with the largest markets being United States, Canada, United Kingdom and Australia.[1] It allows users to run a wide-range of crowdfunding campaigns by creating fundraising pages and sharing it via social media, messaging apps, email and more[2] to raise money for 100+ types of causes such as nonprofit, medical care, education, community help, poverty alleviation, arts, memorials, and animal rescue causes.[3][4] FundRazr also powers more than 4000 nonprofits, charities and social enterprises with an advanced fundraising toolset for free.[5]

FundRazr
FundRazr platform 2020
Type of site
Crowdfunding
Available inEnglish
Created byDaryl Hatton
URLfundrazr.com
Launched1 September 2009 (2009-09-01)
Current statusActive

History

FundRazr was founded in 2008 by Daryl Hatton. The head office is located in Vancouver, British Columbia, Canada. The platform was initially a Facebook app that allowed users to crowdfund money over Facebook.[6] 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).[7]

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.[8]

Business model

FundRazr uses the donation/perks crowdfunding model available for organizations, charities and personal causes with two pricing options: free (0% platform fee), standard (5% for advanced functionality) and pro (fee recovery models).[9] 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.[10][11] FundRazr is in partnership with PayPal which allow users to deposit and withdraw funding.[12]

On 20 August 2013, FundRazr introduced "Crowdfunding as a Service" technology, which allows web publishers and companies to run crowdfunding service on their site.[13] FundRazr subsequently announced its first official PoweredBy partner, HealthLine on 17 December 2013.[14]

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.[15][16][17][18] As of July 2018, FundRazr had raised over $116 million from over 140,000 campaigns.[19]

Awards
  • 2015 Vancouver UX Awards Nominee – UX for Good [20]
  • 2013 UK Trade and Investment Global Competition Winner[21]
  • 2013 BCTIA Technology Impact Award – Most Promising Start-up[22]
  • 2013 Vancouver Social Media Award – Best Social Media Campaign (non-profit)[23]
  • 2013 #30 on Profit's Hot 50 Rankings[24]
  • 2014 CFWR Top UK Donation and Reward Crowdfunding Site[25]

Notable projects
RankTotal raisedProject startProject description
1 $166,893 April 2020 Detroit Free Press raised $166,000 to Rescue Detroit Restaurants + Feed Healthcare Heroes during COVID-19 crisis
1 $2,371,889 August 2016 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.[26][27]
2$1,278,999October 2015Researchers 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.[28]
3$1,007,356March 2012Professional 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.[29]
4$414,869July 2011WikiLeaks Staff Legal Defence Team raises £233,650 as of 7 November 2013 for Wikileaks staff costs and Julian Assange's legal defence.[30]
5$256,740October 2016Water Protector Legal Collective partnered with the National Lawyers Guild to raise money for the #NoDAPL protests in North Dakota.[31]
6$181,346November 2016Over $181,000 raised in a peer-to-peer campaign by Aprons for Gloves Boxing Association to support Vancouver's Downtown East Side.
7$110,536November 2015Over $110,000 raised for Peterborough Mosque that was attacked and burnt.[32]
8$107,742November 2013Over $100,000 raised for an Australian king hit victim.[33]
9$103,034December 2013Over $100,000 raised for father with incurable brain cancer[34]
10$103,014August 2013WikiLeaks Staff Legal Defence Team raises $63,969 as of 7 November 2013 for Edward Snowden's legal defence[35]
11$97,969July 2013Almost $90,000 raised for single mother who lost 3 limbs in a dog bite accident[36][37]
12$93,402April 2012Over $90,000 raised for Tiger Woods' foundation to send 10 deserving students to college[38]
13$59,778October 2016The Heiltsuk First Nation of Bella Bella raised nearly $60,000[39] to cover the costs of a diesel spill in their waters.[40]
14$30,544October 2013Over $30,000 raised for "good hearted boy",who used the money to pay off overdue lunch accounts in local elementary schools.[41]

References
  1. "Countries & Currencies". FundRazr. Retrieved 12 September 2020.
  2. "Functionality description". FundRazr.
  3. Ivor Tossell, “FundRazr pushes crowdfunding to next level with social platform”, The Globe and Mail, 7 October 2013.
  4. "Trending fundraisers and crowdfunding campaigns raising money online - FundRazr". fundrazr.com. Retrieved 12 September 2020.
  5. "Homepage". FundRazr. Retrieved 12 September 2020.
  6. Knowlton Thomas, “Exclusive Interview: Vancouver's FundRazr raises the bar with monumental PayPal and Facebook collaboration” Techvibes, 8 August 2010.
  7. "Crowdfunding for RESPs: Toronto company launches ‘simple solution’ to raise money for child’s education" Financial Post, 2 December 2015.
  8. "FundRazr, Dexterity Ventures to Launch Partnership on National Philanthropy Day" TechVibes. 10 November 2015.
  9. Stephen Hui, “Vancouver startups put a new spin on crowdfunding”, Straight.com, 27 November 2012
  10. "Nelson Bennett, "Social media harnessed to raise investment dollars", Business Vancouver, 24 July 2012". Archived from the original on 29 July 2012. Retrieved 24 November 2012.
  11. Kate Taylor, “6 Top Crowdfunding Websites: Which One Is Right For Your Project?”, Forbes, 6 August 2013.
  12. “Exclusive Interview: Vancouver's FundRazr raises the bar with monumental PayPal and Facebook collaboration” Knowlton Thomas, Techvibes, 8 August 2010.
  13. Rob Lewis, “FundRazr Introduces Crowdfunding as a Service” Rob Lewis, Techvibes, 20 August 2013.
  14. Joseph Czikk , “VANCOUVER’S FUNDRAZR TO HELP AMERICANS CROWDFUND HEALTHCARE COSTS” Joseph Czikk, Betakit, 17 December 2013.
  15. Sumari MacLeod, "Vancouver's Fundrazr Hits $20 Million in Donations", Techvibes,28 February 2013
  16. Cheryl Alkon, "'Crowdfunding' sites pay medical bills, raise hopes", USA Today, 18 January 2013
  17. Lauren Dugan, “PayPal Makes Online Fundraising a Social Experience with FundRazr”, SocialTimes, 19 August 2010
  18. Hansen, Evan; Tate, Ryan (1 November 2012). "Can Facebook Army Supercharge Nonprofit Fundraising? First Test: Sandy". Wired. Retrieved 13 November 2012.
  19. "About". FundRazr. Retrieved 10 July 2018.
  20. "UX for Good", Vancouver UX Awards ,1 December 2015
  21. "Canadian innovation heads to the UK", GOV.UK,12 July 2013
  22. Cassandra Leger, "FundRazr Crowdfunding Platform Named Most Promising Startup At The Technology Impact Awards", Right Startups ,10 July 2013 Archived 19 March 2015 at the Wayback Machine
  23. Sumari MacLeod, "http://www.techvibes.com/blog/the-good-and-the-bad-of-the-2013-vancouver-social-media-awards-2013-04-01", Techvibes ,1 April 2013
  24. "FundRazr (ConnectionPoint Systems Inc.)", ProfitGuide ,2013
  25. "Four Stars and Top International Honors", Crowdfunding Website Reviews Dec 2014
  26. "7 Ways to Support Standing Rock's Protest Against the Dakota Access Pipeline". Harper's BAZAAR. 23 November 2016. Retrieved 1 December 2016.
  27. "Sacred Stone Legal Defense Fund". FundRazr. Retrieved 1 December 2016.
  28. “American Gut Project Crowdfunds $1 Million to Study the Human Microbiome”, UC San Diego News Center, 29 October 2015.
  29. Kate Cox, “Gaming Provocateur Aiming to Raise $1 Million for Humanitarian Aid”, Kotaku, 27 March 2012
  30. John Hudson, “Why WikiLeaks Is Raising Money Using MasterCard and PayPal Again”, The Atlantic Wire, 2 March 2011.
  31. "Water Protector Legal Collective, formerly Red Owl". FundRazr. Retrieved 1 December 2016.
  32. “Faith manages: Peterborough rebuilds as mosque fire deemed a hate crime”, The Globe and Mail, 17 November 2015.
  33. Emma-Jayne Schenk, “Ongoing battle for king hit victim Matt Scarff”, Bendigo Advertiser , 4 January 2014.
  34. Amy Remeikis, “Homecoming for Rome Torti”, Brisbane Times , 3 January 2014.
  35. “WikiLeaks launches site for Edward Snowden's legal defense” Adrianne Jeffries, The Verge, 28 October 2013.
  36. “Ottawa mother loses 3 limbs after dog bite infection” CBC News, CBC News, 21 July 2013.
  37. “How an Ottawa mother lost three limbs to rare dog bite infection, but not her spirit” Sarah Boesveld, National Post, 22 July 2013.
  38. "Tiger Woods Foundation, "Help send 10 deserving students to college", Tiger Woods Foundation, 19 April 2012". Archived from the original on 3 February 2014. Retrieved 7 November 2013.
  39. "Support Heiltsuk Efforts in Diesel Spill". FundRazr. Retrieved 1 December 2016.
  40. News, Elizabeth McSheffrey in; 2016, Energy | October 18th (18 October 2016). "First Nation considering lawsuit after diesel spill destroys clam beds". National Observer. Retrieved 1 December 2016.CS1 maint: numeric names: authors list (link)
  41. “'Good-hearted boy': 8-year-old pays off overdue lunch accounts”, Today, 4 March 2014.
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