BackaBuddy
- Supports diverse campaigns
- Low-interest starting from from 5%
- Easy-to-use platform
- Quick Navigation
- BackaBuddy crowdfunding product
- BackaBuddy contact details
[Accessed July 25, 2023]
About BackaBuddy
BackaBuddy's focus on social impact, transparency, and accountability, a diverse range of campaigns, and comprehensive support and resources make it a unique and valuable platform for businesses, entrepreneurs, and individuals seeking to raise funds for their projects and initiatives.
They’re a South African crowdfunding platform founded in 2007. BackaBuddy's mission is to support South Africans in achieving their dreams and making a difference in their communities.
Since its inception, the platform has helped businesses, individuals, and non-profit organizations to raise funds for their various projects and initiatives
BackaBuddy was founded in 2007 by entrepreneur Patrick Schofield. The platform was born out of the idea that crowdfunding could be a powerful tool for individuals and organisations to raise funds and achieve their goals.
Over the years, BackaBuddy has grown to become one of South Africa's most popular crowdfunding platforms, with thousands of successful campaigns and millions of rands raised.
What kinds of campaigns can get funded on BackaBuddy?
BackaBuddy offers a wide range of campaign types, including fundraising for personal causes, charities, businesses, and social impact projects. Some of the most successful campaigns on the platform have been for medical expenses, education, animal welfare, and environmental initiatives.
Secure and transparent: your funds are in good hands
BackaBuddy takes transparency and security seriously. All funds raised on the platform are kept in secure trust accounts and are only released to the campaign creators once they have reached their funding goal.
BackaBuddy also provides regular updates on the progress of campaigns and allows donors to see how their contributions are being used.
Rewarded at the South African Fintech Award
BackaBuddy has won numerous awards for its innovative approach to crowdfunding and social impact.
In 2019, the platform won the Best Crowdfunding Platform award at the African Fintech Awards, and in 2020, it was named one of the Top 100 Most Influential Brands in South Africa by Brand South Africa.
BackaBuddy Services
BackaBuddy offers a user-friendly platform for setting up and managing crowdfunding campaigns.
The platform provides tools for creating campaign pages, setting funding goals, and communicating with donors. Campaign creators also have access to a range of resources and support, including fundraising tips and social media promotion.
Marketing and promotion
They help campaign creators promote their campaigns through social media, email marketing, and other channels. The platform also provides access to a network of donors and supporters who can help to spread the word about campaigns.
Payment processing and distribution
The platform handles all payment processing and distribution for campaigns, making it easy for donors to contribute and for campaign creators to receive funds.
The platform supports multiple payment methods, including credit cards, PayPal, and EFT, and provides regular updates on campaign funding progress.
Reporting and analytics
They provide detailed reporting and analytics on campaign performance, including donor demographics, fundraising progress, and social media engagement. Campaign creators can use this information to optimize their campaigns and improve their chances of success.
Here’s a summary of the services offered to businesses and entrepreneurs
- Crowdfunding campaign creation
- Fundraising tips and support
- Marketing and promotion tools
- Secure payment processing.
The 5% to 10% services fee charged
BackaBuddy makes money by charging a service fee on all donations made through its platform.
This fee ranges from 5% of the donation amount and is used to cover the costs of running the platform, including payment processing, hosting, and customer support. BackaBuddy also offers an optional "tipping" feature, which allows donors to add an additional amount to their donation to help support the platform.
BackaBuddy – Crowdfunding
- Loan Type Crowdfunding
- Interest Rate from 5 – to 10% p/a
Benefits of BackaBuddy
- Social impact focus: Supports diverse campaigns, from personal causes to social initiatives.
- Transparency and security: Ensures funds' secure handling and transparency.
- Diverse campaign types: Allows various campaign categories, like medical, education, and more.
- Award-winning: Recognised for innovation and social impact.
- User-friendly platform: Offers an easy-to-use platform for campaign creation.
- Marketing and promotion: Assists in campaign promotion through multiple channels.
- Payment processing: Handles secure and varied payment methods.
- Reporting and analytics: Provides detailed campaign performance insights.
- Supportive services: Offers fundraising tips, marketing tools, and secure payments.
- Service fee: Charges a 5% to 10% service fee.
Create your campaign and get your business or project funded]
To create a campaign on BackaBuddy, you first need to register for an account on the platform. Once you have registered, you can create a campaign page and start setting your funding goal and telling your story.
Campaign review and approval
All campaigns on BackaBuddy go through a review and approval process to ensure that they meet the platform's guidelines and policies. The review process typically takes 1-2 business days.
Fundraising and promotion
Once your campaign has been approved, you can start promoting it through social media, email marketing, and other channels. BackaBuddy also provides tools and resources to help you optimize your campaign and improve your chances of success.
Payment processing and distribution
BackaBuddy handles all payment processing and distribution for campaigns, making it easy for donors to contribute and for campaign creators to receive funds.
The platform supports multiple payment methods, including credit cards, PayPal, and EFT, and provides regular updates on campaign funding progress.
BackaBuddy is a powerful crowdfunding platform that has helped thousands of South Africans to achieve their goals and make a difference in their communities.
With its user-friendly platform, marketing and promotion tools, and secure payment processing, BackaBuddy is an excellent choice for businesses, entrepreneurs, and individuals who want to raise funds for their projects and initiatives.
Whether you're looking to raise funds for medical expenses, education, or social impact projects, BackaBuddy can help you to turn your dreams into reality.
What are the eligibility requirements for a campaign to go live?
- It must be for a legal, ethical, and socially responsible purpose.
- Clear and specific fundraising goal.
- Realistic timeline for achieving its goal.
- Compelling story and clear message.
- Well-defined plan for using the funds raised.
- Network of supporters who can help spread the word and donate.
- Complies with all relevant laws and regulations.
- Based in South Africa or has a significant impact on the South African community.
BackaBuddy Contact
Contact Number
Website
Physical Address
- Block A, Office 101, Richmond Centre, Main Rd, Plumstead Cape Town Western Cape 7800 South Africa
- Get Directions
Opening Hours
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 17:00
- Saturday – Closed
- Sunday – Closed