Despite the government’s dominance over the funding of Belgium’s nonprofit sector, philanthropy is becoming an essential part of the country’s economy. Due to the increasing number of public expenditure cuts, the need for more diverse sources of funding has become more prevalent. With time, the increasing importance of private philanthropy is now recognised as a tradition in Western Europe.
Online fundraising platforms in Belgium have helped many individuals and organisations to raise funds for their growth. These crowdfunding platforms have enabled fundraising that involves individuals contributing a small amount of money to a group.
According to the European Fundraising Association, Belgium has been witnessing rapid growth in the fundraising sector with many rising crowdfunding platforms. There also have been certain changes in the taxation of donations and the received funds by the Belgian government.
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Which Crowdfunding Site Is The Best In Belgium
Here we are going to shed some light on “Crowdfunding Belgium” with our top hand-picked European crowdfunding platforms that work perfectly in Belgium.
Top 10 Crowdfunding Platforms In Belgium
1. WhyDonate
WhyDonate is one of the most popular crowdfunding platforms among all the European countries as well as the global audience. WhyDonate is the most chosen fundraising platform because it is free to get started and is highly convenient for personal fundraising, corporate fundraising, and all charitable activities by nonprofits.
WhyDonate caters to all the European countries along with the UK with the best possible crowdfunding experience. Using the online fundraising platform is simple, direct and very seamless. Not only for creating fundraising campaigns but also WhyDonate contains many active fundraisers to which one can choose to donate.
2. GoGetFunding
GoGetFunding is a peer-to-peer crowdfunding platform that allows people to acquire funds for various purposes, such as organizing events and personal expenses. It was initially launched in 2011 and has since evolved into one of the most popular crowdfunding websites.
GoGetFunding allows users to raise money which they get to keep even if they don’t reach their goal. Getting started with crowdfunding can be very time-consuming and challenging. This is why with GoGetFunding, one can reach out to a wide circle of supporters.
3. Indiegogo
With over 20 features and campaign options, Indiegogo is a crowdfunding platform that supports various types of organisations and individuals. With a fixed goal, users can expect to receive funds regardless of their raised amount.
Indiegogo offers flexible funding goals that allow one to receive funds even if they don’t reach their goal by its deadline. The platform also offers equity crowdfunding options to get financial backing from venture capital firms.
4. Ulule
Ulule is one of the top-rated crowdfunding platforms in Europe that allows creative and innovative projects to test their ideas and build a community. Its goal is to help entrepreneurs and creators grow their businesses.
Through its platform, various organisations and individuals can create their projects and specify the details of their financial goals. If they reach it, they receive the funds collected, and those who supported them get a refund without any fee. Ulule then takes a commission from the funds that are transferred.
5. Lendahand
Lendahand is a crowdfunding platform that combines social impact with the financial return that investors can expect. Through its platform, you can help promising companies in emerging markets get the financing they need to grow and create jobs. This can improve the lives of the people in these countries.
Founded by Peter Heijen in 2010, Lendahand has been a growing crowdfunding platform helping many entrepreneurs that need funding to build their businesses in many developing countries.
6. Kickstarter
One of the most popular crowdfunding platforms for individuals to raise funds is Kickstarter, a public benefit corporation based in Brooklyn. Individuals can also start a fundraising campaign for their own personal cause through the platform.
Funding on the crowdfunding platform Kickstarter is all-or-nothing. No one will be charged for a pledge towards a project unless it reaches its funding goal. This way, creators always have the budget they scoped out before moving forward. Kickstarter charges a service fee of 5%, along with 3% + $0.20 per transaction for payment processing.
7. Crowdcube
In 2010, Lang and Darren established the first European online fundraising platform for equity crowdfunding. It is now one of the largest equity-based crowdfunding platforms in the world. Through its platform, investors can easily make educated decisions regarding the risks associated and make justified investments. Through Crowdcube, Investors can invest upwards of €1 in visionary start-ups.
In 2014, Crowdcube launched the Crowdcube Venture Fund, which allows investors to get the reassurance that their money is being managed by an experienced fund manager. The company has made crowdfunding in Europe easier by providing institutional investors with a variety of options and helping European entrepreneurs grow their businesses.
Crowdcube is one of the equity and lending platforms that charge 7% of funds raised if you meet your goal and a 0.75% to 1.25% completion fee apart from payment processing charges.
8. Patreon
Unlike some of the top crowdfunding sites, Patreon allows creators to earn recurring revenue through paid subscriptions. It’s also a great way for internet personalities and creators to reach out to their loyal followers. You can choose to pay for perks or per creation.
Due to its unique focus on the new generation of creators, Patreon is one of the most prominent crowdfunding platforms on this list. It features a variety of creators, such as bloggers, YouTubers, and musicians.
In addition to exclusive content, creators on Patreon also get to enjoy a variety of perks, such as branded merchandise, exclusive content, and more. If you’re a regular contributor and have a large online following, then a dedicated page on the platform might be worth considering.
9. Koalect
Koalect is another crowdfunding platform in Belgium that focuses on donation-based fundraising, reward-based crowdfunding, crowdvoting, and crowdsourcing. Koalect is equipped with a good funding circle that can help all the fundraising campaign creators to reach their crowdfunding goals with proper strategy and guidance.
10. Goteo
Goteo is a collective financing and crowdfunding platform in Europe that enables people to make contributions to projects that are in need of financial support. It also provides services and infrastructures that are designed to help improve the efficiency of the project.
As a member of Goteo, you can have multiple roles, such as being a co-founder or presenting a project. Being one of the most prominent platforms in Europe when it comes to crowdfunding allows people to have a deeper understanding of the industry.
Conclusion
The major focus of any crowdfunding platform is to provide a safe space for individuals, nonprofit organisations and even corporates where they can start their campaigns and raise funds for valuable causes. Now there are countless online fundraising platforms available if you open your computer, but being in this field for a decade, we have hand-picked some of the best and most reliable ones for you so that you can have a seamless fundraising experience.
