Photo Credit: leardon.com
Crowdfunding is one concept we haven’t quite nailed in Africa, or better yet Nigeria, and funding itself is one issue that a lot of start-ups hinge on when they don’t get the expected traction. Perhaps all of these contribute to the excitement that comes with FASMICRO’s plan to unveil a crowdfunding platform, StartCrunch.com, optimized to meet the needs of African businesses, hobbyists and enthusiasts.
StartCrunch.com comes with a payment gateway that supports bank deposits, bank transfers, major international credit cards, PayPal and Interswitch. The platform offers Naira and USD currency options for project creators under two funding strategies – fixed and flexible funding plans. Categories supported include business, designs, politics, election, wedding, kids and health. Others include medicals, education, arts, NGOs, fashion, video, sports, film, dance, music and others.
SEE ALSO: Crowdfunding For Startups – Tech Mistress
Through this platform, anyone with a bank account or PayPal in any part of the world can raise funds. For project creators not resident in Nigeria, USD will be the natural currency for their projects while the Naira will be for those living in Nigeria. Project creators tap into their social networks to support their projects and then offer rewards or perks in returns. At the end of the funding round, FASMICRO will transfer the funds to the project creator minus any fees or commission. Payment to project creators in the US, Canada or Europe will be via PayPal, Nigeria through local banks; other countries will be bank wire transfer from their US bank. Western Union or similar products are not supported on this service. People can back projects in Naira or USD irrespective of the currency the project is created.
The site is ready for immediate use and will be approving projects submitted by project creators. People can fund them by choosing any of the payment options on the site. On this platform, everyone must be registered to make use of the services.
FASMICRO – the makers of Ovim tablets – will be giving three tablets to three project creators with highest in-month performances on the platform every month. In this case, performance means the projects that get highest fund backing within a calendar month. The first award will be due at the end of July 2013 and recipients will be made public.
About FASMICRO
FASMICRO is an award-winning engineering company with headquarters in Owerri, Nigeria. West Africa’s business partner to Altera Corp USA and Microchip Corp USA, it has executed many projects in Nigeria and beyond. Recognized by the Nigerian Presidency in 2011 for its innovation, the firm has a software unit that has created many products and services including education tools and analytics systems used by governments and private firms. In 2013, the firm’s Founder received the prestigious World Economic Forum Young Global Leader recognition. More at Fasmicro.comThis article was originally posted on Otekbits.com
Trying to get your T-shirt business noticed? Looking to reach potential customers in the real world, not just online? Well, you’re in luck! In this article, we’re going to explore some effective ways to market your T-shirt business offline and grow your local customer base. Read more about Business Get Out There and Attend … Continue reading How To Market Your T-shirt Business Offline
Nigeria leads Africa in smartphone adoption, driven by improved internet connectivity and affordable devices. Key factors include the country’s large population, urbanization, and mobile brands catering to various income levels. Popular brands like Tecno, Infinix, Redmi, and Itel offer budget-friendly options, while premium brands like Samsung and Apple attract those seeking advanced features. As … Continue reading Consumer Technology: Smartphone Penetration in Nigeria
Nigeria’s e-commerce and digital payments sector has seen remarkable growth in recent years, thanks to increased internet penetration and a youthful, tech-savvy population. This boom is powered by major e-commerce and digital payment services like Jumia and Konga, along with Paystack, Flutterwave, and Paga, which are bridging gaps in Nigeria’s primarily cash-based economy. Read more … Continue reading Consumer Technology: E-commerce and Digital Payments
With the rapid growth of e-commerce, starting a dropshipping business in Nigeria has become an increasingly attractive option for entrepreneurs. But knowing how to start a dropshipping business in Nigeria can feel overwhelming. In this article, I’ll share ten practical tips that’ll help you launch and grow your Nigerian dropshipping empire. Read more about … Continue reading 10 Tips for Starting a Dropshipping Business in Nigeria
The site is ready for immediate use and will be approving projects submitted by project creators. People can fund them by choosing any of the payment options on the site. On this platform, everyone must be registered to make use of the services.
FASMICRO – the makers of Ovim tablets – will be giving three tablets to three project creators with highest in-month performances on the platform every month. In this case, performance means the projects that get highest fund backing within a calendar month. The first award will be due at the end of July 2013 and recipients will be made public.
About FASMICRO
FASMICRO is an award-winning engineering company with headquarters in Owerri, Nigeria. West Africa’s business partner to Altera Corp USA and Microchip Corp USA, it has executed many projects in Nigeria and beyond. Recognized by the Nigerian Presidency in 2011 for its innovation, the firm has a software unit that has created many products and services including education tools and analytics systems used by governments and private firms. In 2013, the firm’s Founder received the prestigious World Economic Forum Young Global Leader recognition. More at Fasmicro.com
This article was originally posted on Otekbits.com
This article is a fantastic contribution to the final grade calculator field.