Fundraising platforms for NGOs

Funds are the spine and soul of every business entity. They are required for ensuring the smooth operation and survival of the business. Business owners raise funds from many sources bank and non-banking institutions, friends, self-financing etc. Just like any other business entity, startups also need funds to kick-start their dream venture and ensure its smooth and seamless operations.

Here is fundraising platform for the startups that help them raise funds for their projects:

1. Banks: Banks are the most sought after platform by the startups to raise finance for their venture. Banks provide loans at the comparatively less rate of interest. Banks require the startup firm to produce their project report details, which showcases their business plans, profit margins and work details. Based on the project report banks provide loans to the startup venture.

2. Non-banking financial institutions: For those who are not able to procure loans from the banks due to their poor CIBIL score can apply for funds from the Non-banking financial institutions. They provide loan to the startup venture at a high interest rate on certain property pledged against the loan amount.

3. Crowd funding: This is one of the most sought after fun raising platform for the startups. It is a new concept and is a method of raising funds from large number of individuals. This process of fund raising makes use of the easy accessibility of wide networks of people via social media and crowd funding websites to bring investors and startup owners on one platform. The platform provides the forum to anyone with an idea to present it in front of the waiting investors.

4. Venture capitalists: Here a group of people unite their resources, invest their money in a business project and take part ownership in exchange for their capital. Such venture capitalists group love to invest their money on modern technologies and companies. They help the startups not only with the finance but also give ideas and participate in the business management.

5. Angel investors: They are similar to venture capitalists with a bit of differences. Venture capitalists are the large group companies while the angel investors are individual investors who invest in startup ventures on early stages. They are the financers with the economic resources that bring money and piece of advice for the startup entrepreneurs.

6. Partner financing: Here a partner who can be a bigger brand in the same line as the business of the startup owner, participate and finance for the venture in exchange of the distribution rights, special access to the offerings of the startup owner’s and many more.

7. Bootstrap your venture: This can be done if your business is not operating in an industry that require lots of startup capital and the owner can raise funds on their own for the venture. Bootstrapping your venture will make other investors and lenders more willing to partner with you and help you out in your finances.

With the above fund raising platforms startup ventures can raise the required capital to kick start their dream project.