A reward based crowdfunding platform

A reward based crowdfunding platform

Current Status Pre-Revenue
Amount Invested RM 30,000.00
Funding Required RM1,000,001 to RM2,000,000
Description www.fundraising.my is a platform to fund projects, dreams and business ideas that are creative, innovative, and passion-driven. www.fundraising.my is targeted for full of projects, which from agricultural product, art, design, shop and writing, technology and charity. Project initiated the project and getting people to support and help, and then get the require funding, in the return backers will receive products, services and other different form of return.
We emphasize on unique, interesting experiences as project rewards and want to make our platform an interactive and interesting reward based crowdfunding platform.
Business Opportunity Growing of young entrepreneurs numbers to startup either full timely or part timely becoming a new trend in malaysia. Young generation largely interested and have the ideas of starting his own business and turning their creative ideas in reality.
The main obstacles will be the startup capital and marketing out reach, whilewww.fundraising.my is perfectly matching their needs. Besides, Malaysia market yet has a platform is providing the special experience product and services, thus we will be pioneer in this niche market.

We will start from retails like cafe, back packer hotel, restaurant as our first stage merchant(project creator) to approach. There are some owners/entrepreneurs show the excitement and interested to launch their project at our platform.

Revenue / Business Model We are charging 5% for every project.
Management Team 1. KJ Yap

2. Bryan Fang
co-founder@Technical Director

3. WS Toh
Co-founder@Sales Director

Company Background We were prepare for more than 1 year. And the company was registered in July 2016 and the platform already at 90% completion stage. We have a ready team of 20 sales person which ready to engage project creator in end of Aug 2016.

The soft launch of platform will be end of Aug 2016.

Funding Milestone So far we dont secure any seed fund yet except our self money which RM 30,000.00 in total.
% Equity Allocation 20
Expected ROI 5 years
Risks and Mitigation The marketing strategies and features development may be go in different path and different cost depends on the users experiences and feedback. This may impact on the cost.
Exit Strategies We target to profitable on 4th year and once platform is achieved 1 million users, we will pay 30% of the profits to investor every year untill ROI is returned. Once ROI returned, investor will get of yearly profits by according to its equity hold.
Company Name xxxx
Website/Facebook xxxx
Business Address Macallum street, 10300 Pulau Pinang
Contact Person KJ Yap