Top 5 Crowdfunding Platforms in Thailand
Thailand is one of the most digitally advanced among the Southeast Asian nations. 84% of the Thai population (Euromonitor 2021) are tech-savvy. They use technology to improve their day-to-day lives. It is no surprise that low-income Thailand families have resorted to online crowdfunding platforms at the onset of the COVID-19 pandemic.
The world has seen economic growth in Thailand in the last decades. But in 2020, the country experienced a high unemployment rate and more underemployed workers. More than 5 million Thai citizens are now under the poverty line. Crowdfunding platforms have been the go-to solutions of a chunk of the Thai population to raise funds for their day-to-day needs.
What is Crowdfunding?
Crowdfunding is the solicitation of money from a large number of people to raise funds. The most popular type of crowdfunding is the donation-based method. In this type, all funds collected go to the organizer with no returns expected.
Why Crowdfund in Thailand?
Thai people see crowdfunding to be easy, fast, and effective when raising money. They can reach out to family and friends and ask for donations remotely via their mobile phones. Donations are convenient for their supporters as well when everything is online.
Crowdfunding Platforms in Thailand
Thailand opened its market in 2016 to many crowdfunding platforms for its consumers. This strategy paved the way for some of the top fundraising platforms within the Thai community.
Airfunding is a donation-based crowdfunding platform. It is available in Thailand and other select countries around the world. More than 500,000 have trusted Airfunding to finance their daily living expenses or achieve their dreams. Registration is easy and free. You can start fundraising for your goal immediately. The fundraising campaign is open for donations from supporters all around the globe.
Started 2017, Weebon has grown within and beyond the borders of Thailand. There are successful Thai projects on this platform from receiving donations worldwide. But like every other crowdfunding platform, donations received via Weebon are subject to a 5% platform fee by the end of the campaign.
Socialgiver is a reward-based crowdfunding platform registered in Thailand. Supporters get goods or other consumables in exchange for their donations. Donors are driven by how enticing your products are more than the cause of your campaign. It may be challenging for Thai project owners to join in if they don’t have any products to sell. Additionally, 70% only of the donations received are sent to the project owners.
GoGetFunding is known worldwide and has reached the shores of Thailand. It is available for any fundraising campaign – medical, emergency relief, etc. With its global support, it’s an obvious choice for not only the Thai community but for everyone around the world. Same as the others, GoGetFunding deducts a 6.9% fee on the donation fundraised by the project owners.
Tejai is available within Thailand only. It limits the donation you expect to receive coming from a small community. The platform is best for campaigns managed by organized teams. It requires criteria to be met before creating a project. If you are 100% sure that your project will make it, this may be a platform for you. Otherwise, donations may be forfeited for transfer and will be donated to another organization after a certain period.
Get started on your campaign on Airfunding and help your community in Thailand.
✓ Free registration. Anyone at any time can create an account for free.
✓ Setting up is easy. All you need is your story and how much you want to raise for your campaign; then, you’re all set! Tips are available along the way to make it even easier for you.
✓ Receive funds worldwide anytime. Your project is open to receiving donations from around the world. Someone somewhere is awake when it is midnight in your timezone.
✓ Excellent customer service. The Airfunding team comprises individuals who have come together to help everyone in need. You can even find their friendly faces here.
Start with Airfunding today!