GoGetFunding Pros & Cons: 5 Best Crowdfunding Sites for Phillippines

Several crowdfunding platforms are available online, making it difficult to decide which to use. In fact, according to Fundera’s 2021 report, there were 6,455,080 worldwide crowdfunding campaigns last year. All of these campaigns were published on different platforms with varying aims and audiences. GoGetFunding is one of the popular crowdfunding platforms in the Philippines.

GoGetFunding
GoGetFunding

Learn more about GoGetFunding and other crowdfunding sites which you can check that best suit your needs and aim.

There are always pros and cons to any crowdfunding platform. Take for example GoGetFunding. Listed below are some of its pros followed by some lacking features that you might probably find on other crowdfunding platforms.

Pros of GoGetFunding

Easy To Use Platform

The GoGetFunding platform makes it easy for people to fulfill their dreams and claims to help them start in just ten (10) minutes. By registering and connecting your PayPal or bank account to GoGetFunding, users will have instant access to GoGetFunding’s website, which makes fundraising for anyone who wants some help very easy!

Best for Entrepreneurs

If you have a business pitch or idea, GoGetFunding is the best platform for you especially since they have an assigned personal fundraising coach. Your vision will surely be turned into reality with the help of a coach. It is worth noting though that you can still use the platform for other types of fundraisers like medical, volunteering, relief operations, and many more.

Cons of GoGetFunding

Limited currency support

As of the moment, GoGetFunding only supports 23 currencies: U.S. Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Australian Dollar, New Zealand Dollar, Swiss Franc, Hong Kong Dollar, Singapore Dollar, Swedish Krona, Danish Krone, Polish Zloty, Norwegian Krone, Hungarian Forint, Czech Koruna, Israeli New Shekel, Mexican Peso, Philippine Peso, New Taiwan Dollar, Thai Baht, and South African ZAR (conditions apply).

It can be quite challenging for other countries to support your cause if their currency is not supported.

Alternatives to GoGetFunding

Indiegogo

If you are finding another platform that is best for creatives and entrepreneurs, Indiegogo is your best bet. With Indiegogo, people may support entrepreneurs and new technology from the earliest stages of development. With every campaign, people may choose to contribute at a level they can afford.

Kickstarter

Similar to Indiegogo, Kickstarter is banking on creativity. It is a global crowdfunding platform based in Brooklyn with a mission to “help bring creative projects to life”. The odds are that 9 out of 10 campaigns that accomplish a 25% funding level at some point will actually hit or exceed their funding goal, regardless of official numbers. With these figures, Kickstarter is quite known for having meticulous standards for its campaign and successful campaigns must pay a fee back to Kickstarter.

Gava

Gava is a crowdfunding platform with over 21K total donors and 100 live campaigns since 2016. A noteworthy feature of Gava is that donations are transparent, secure, and traceable thanks to its integration with blockchain technology.

Blend.Ph

If you wish to raise a specific amount of money in a short amount of time, you may opt to apply for a loan at Blend.Ph. Blend.Ph is an online P2P platform for personal, franchise, salary, and other types of loans. The only downside for this is that you will have to think of returning the borrowed money after the launch of your project.

Airfunding

On top of these existing crowdfunding platforms, Airfunding can be your option since it caters to the Philippines as well. On top of this, it is not only limited to a specific niche. You may create a project for any cause – medical, disaster, personal, community, study abroad, animals, or even COVID-19 relief.

Furthermore, you can easily open a project. There are no fees to open a project in Airfunding. It only takes 5 mins to set your target amount and completion date, and then set an image and project title that best describes your situation. There are no hard to fill out and to fulfill requirements.

You may start your crowdfunding journey by creating your project here.

GoFundMe Alternatives: 5 Best Crowdfunding Sites for Philippines

Everything is digital. Raising money isn’t an exception to this, for you can raise funds for your non-profit cause, charity, startup business, or personal needs online with the help of crowdfunding platforms. To date, there are 1,478 crowdfunding organizations in the US alone based on the 2021 Crunchbase report. On top of this, it is projected that the crowdfunding market will grow by 13.86% this 2021, with a majority of the growth coming from the Asia Pacific region (Technavio, 2021).

The said figures are no surprise since various crowdfunding platforms provide convenience and ease of use that individuals and organizations really turn to for their project, idea, or cause.

With a wide array of options, it can get confusing to identify which crowdfunding platform best suits your need.

GoFundMe

GoFundMe Crowdfunding Site

One of the known existing crowdfunding platforms is GoFundMe, a versatile platform with a track record of success of more than $10 billion raised last 2020 from over 150 million donations supporting individuals, causes, and organizations, as reported in a Businesswire article. People prefer using GoFundMe over other platforms due to its trusted reputation. In addition to this, there is no platform fee which makes it easier for individuals or organizations to reach their target funds quickly. However, this success and simplicity of GoFundMe as a crowdfunding platform aren’t accessible to Filipino users.

The only way to go about this dilemma is to find a crowdfunding platform supported here in the Philippines. There are several options available with varying niches: (1) Indiegogo, (2) The Spark Project, (3) Cropital, (4) Gava, and (5) Airfunding.

Indiegogo and The Spark Project

Indiegogo and The Spark Project are some of the known crowdfunding platforms for

creative innovations. These platforms would have charges regardless if your goal were achieved or not. It is worth noting that supporters get to experience the products or services being promoted in exchange for their monetary support.

Cropital

Cropital Crowdfunding Site

Cropital is a game-changer platform that provides a source of income for farm owners while giving gains also to investors or supporters. The funds directly go to the farmers, but Cropital charges a 5% service fee for the investors. 

Gava

Gava Crowdfunding Site

Gava is one of the leading portals for social and charitable causes, with over 4,000 funded and 100 live campaigns supported by 21,000 donors. This platform is integrated with blockchain technology, allowing donations from anywhere, making it accessible even in the Philippines.

Airfunding

Airfunding Crowdfunding Site

Whether you’re an entrepreneur, a project manager, or a student in need of funds, Airfunding is your best alternative to GoFundMe if you reside in the Philippines. True to its tagline, “Helping everyone, with everyone,” this crowdfunding platform is accessible to Filipinos with more than 200,000 projects in over 200 countries. In fact, there are several live projects in the Philippines that are posted, such as Rescue Philippines: Help for the victims of typhoon Rolly & Ulysses.

You have a great reach with Airfunding since the project description will be translated into 17 different languages, allowing the collection of funds from people around the world including Philippines.

In terms of the collection of funds, individuals or organizations may request the collected funds even if the target fund hasn’t been reached yet. This is what sets Airfunding apart from other crowdfunding platforms since not all platforms allow the withdrawal of funds easily, but with Airfunding, the collection of funds is a breeze. Additionally, you can easily open a project in 5 minutes by simply following the steps listed here.

As you choose your alternative crowdfunding platform to GoFundMe, bear in mind the length of your project, your purpose, its base here in the Philippines, and your target fund. 

Start with Airfunding now! 

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Do you have a business idea or financial problem, but you don’t want to apply for a personal loan because you are not confident it will get approved? Or, are you looking for some funding for your charity organization, but don’t know where or how to get it? Let us introduce you to CROWDFUNDING.
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Do you have a business idea or financial problem, but you don’t want to apply for a personal loan because you are not confident it will get approved? Or, are you looking for some funding for your charity organization, but don’t know where or how to get it? Let us introduce you to CROWDFUNDING.
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Top 6 Crowdfunding platforms in the Philippines

Recently the word “crowdfunding” is familiar in our ears and often appeared in several sites. Now to learn about crowdfunding platforms in south east asia.