FundedByMe was founded in Stockholm, Sweden, in march 2011. In early 2014 the German office started its work. The focus lays on international, especially European, investments. 40 percent of all the investments on the platform are happening border-crossed. Furthermore, FundedByMe is offering a relatively big choice of financing methods: rewards, real-equity, silent partnership and loans. The minimum funding amount for start-ups, regardless of the funding method, is 5000€.
For investors there are no minimum requirements concerning the equity investment. Companies have to pay a commission of 6 percent to FundedByMe, but only in case of a successful funding. For uploading the campaign and publishing it on the platform, there is a fixed rate of 500€, excepting reward campaigns. At the moment there are no transaction costs yet, because people are directly transferring their investments to the company. Nevertheless a transaction service is planned lying between 1 and 2,5 percent.
The particular focus of FundedByMe is the internationality. The company is represented in 8 countries with respectively 1 office in each place. It’s possible to connect the Country to support international campaigns easier, additionally supported by offline events. FundedByMe is offering a Premium Partner Program and an ID-Check-Service. The success rate of a campaign is 50 percent.