The novel Coronavirus (COVID-19), that has recorded over one million cases across the world, has had an unprecedented impact not only on health and humanity but also on the global economy.
The world is suddenly faced with multiple layers of crises, as the health emergency has cascaded into economic, social, moral, and security crises.
These crises have, however, opened up opportunities to cater for the new needs.
The pandemic has been the main propeller for new growth in some sectors and reviving dormant potential in others.
The pandemic has led to Crowdfunding platforms seeing a sharp uptick in demand from small businesses in need of funding.
Inquiries for crowdfunding have more than quadrupled at in Nigeria, since the pandemic hit the economy, said CEO Nick Matthews.
To find out which one may be ideal for your fundraising needs we take a look at five platforms
Founded in 2015, NaturFund has grown to be one of Nigeria’s leading crowdfunding platforms. The platform was created “by Nigerians for Nigerians” and allows entrepreneurs to raise the capital needed for their business.
Ikechukwu Onyia, CEO of NaturFund says the platform connects project owners with investors and philanthropists.
Launched in 2018, Naijafund is a primarily Nigerian-owned crowdfunding platform.
Naijafund allows individuals and entrepreneurs to raise capital by allowing them connect with their social media networks where their loved ones can see their needs and render support.
The network allows entrepreneurs to set their capital needs and the minimum amount an investor can give.
However, the platform deducts 10% fee from each donation received.
This non-profit crowdfunding platform was founded in July, 2018 as a way for start-ups to fund their businesses.
While allowing entrepreneurs to fundraise through their platform, Fundanenterprise also provides a business mentorship. This is seen as a key part of creating a successful business.
Quickraiz is one of the best known crowdfunding platforms in the country.
The platform, which was launched in July 2018, aims to bridge the gap between fundraisers and donors.
Individuals or corporate organisations with causes ranging from emergency support, medical funding, weddings, charity, education, political campaigns, memorials, alumni association contributions, sport funding, group gifting, travels and so on, could raise funds in an easy and secure online community with Quickraiz.
Donate-ng is an online fundraising platform that was launched in 2016.
Co-founded by Olakunle Olayinka, Segun Olojo-Kosoko, Ayodele Amusa and Aheeb Afeez, the platform aims to ease the burden of raising funds for charity organisations and individuals in Nigeria.
According to their website, the platform has raised over N100m to support businesses, organisations and individuals