Social Finance Web 2.0 Applications & Sites

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Fundable

Online fundraising

Fundable - Online fundraising

http://fundable.org/

Tagged with: social, finance

Posted on 16 luglio 2007

Fundable is a fundraising web site that lets groups of people pool money for group purchases.

Here’s how it works:

  • One person creates a Fundable page to collect $1000 from a group of people.
  • Each person in the group enters credit card or PayPal information as a pledge (but does NOT pay money).
  • Once pledges add up to $1000, Fundable turns them into real payments. If the collection expires before reaching $1000, Fundable deletes all pledges.
  • Fundable sends $1000 to the group leader, who makes sure that everyone receives what was paid for.

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