GoFundMe

GoFundMe is a peer-to-peer fundraising platform with donation-based crowdfunding model, where users raise money directly from their friends by telling stories.

As one of the pioneers in crowdfunding, GoFundMe has helped many millions raise funds for personal causes, emergencies, and charitable causes.

What Does GoFundMe Do

It is the platform that creates a bridge for those in need and those who want to give. It makes it simple to create a fundraiser and share it with anyone. Some of the main functionalities of the platform involve peer-to-peer fundraising, whereby users can raise money directly from their friends by telling their story.

GoFundMe Pricing

GoFundMe is free to use for campaign creators. It replaces this income with voluntary tips from donors to ensure the most amount possible goes to the campaign creator.

History

Founded in 2010, GoFundMe has grown from a simple crowdfunding idea into a global fundraising powerhouse. A major milestone in the company's journey was its acquisition of Classy in 2022, expanding its capabilities to serve nonprofit organizations with professional fundraising tools.

Summary

GoFundMe is a fundraising platform for both personal and organizational fundraising needs. It is a good try if want to raise funds for your startup business

Pros Cons Unique Features Pricing Social Media
  • ✔️ No platform fees for personal campaigns
  • ✔️ Extensive reach and sharing capabilities
  • ✔️ Integration with nonprofit tools through Classy
  • ❌ Processing fees still apply
  • ❌ Success heavily depends on social network reach
  • ❌ Competitive fundraising environment
  • 👍🏻 GoFundMe has differentiated itself in the market with its combined offering with Classy for a wide suite of fundraising solutions for individuals and nonprofits.
  • 👍🏻 The platform enables effective campaigns powered by advanced analytics and insights, along with high standards for data privacy.
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