Drofund is a borderless crowdfunding platform for African startups and small businesses that was launched in 2018. The platform seeks to leverage the power of crowdfunding and the power of digital currencies to make it easier for African entrepreneurs to raise capital.
It is known for a fact that the biggest challenge facing entrepreneurs in Africa is lack of capital. Unlike Silicon Valley or other startup hubs in the world, Africa lacks an established ecosystem of angel investors and venture capitalists. This therefore makes it downright agonizing for entrepreneurs to raise funds to start or even grow their business ventures.
Drofund’s solution is a digital currency based crowdfunding platform that helps African entrepreneurs access global capital. Thanks to the universal nature of peer-to-peer digital currencies such as Bitcoin, African entrepreneurs can now raise capital from all across the globe.
With numerous crowdfunding platforms already available, what sets Drofund apart is the fact that the platform uses digital currencies. Bitcoin and Bitcoin Cash are universal currencies that transcend borders and jurisdictions and this therefore gives African entrepreneurs an opportunity, for the first time ever, to raise capital from anywhere in the world.
A startup in Rwanda for example can now raise funds from Ukraine, USA, Japan, China, and the list goes on.
We launched version 1 of the platform in April 2018 and in June 2018, we updated the platform to version 2. We are also currently engaging several exchanges in the region who we hope to partner with to make the withdrawal process for entrepreneurs as seamless as possible.
Drofund’s ultimate mission is to propel African dreams and we look forward to helping 500 African startups and small business to raise capital in the next 12 months.
We charge a 5% fee on all funds raised on the platform.
With the $40,000, we plan on spending 40% on personnel - the bulk of which will go to the engineering team, 25% on the platform’s infrastructure and maintenance, 25% on creating awareness and marketing the platform, and the remaining 10% being reserved as contingency.
|Anonymous||$100||April 23rd 2018|
|Paul Quin||$150||August 2nd 2018|
|Stacey||$50||August 2nd 2018|
|Anonymous||$130||August 2nd 2018|
|Linda Ray||$35||August 6th 2018|
|Kyra Yang||$25||August 6th 2018|
|Todd Chidozi||$10||August 6th 2018|
|Jayleen Lee||$80||August 6th 2018|
|Macey||$135||August 6th 2018|
|Christian Amobi||$170||August 6th 2018|
|Ronan Ayala||$85||August 6th 2018|
|Terry||$60||August 6th 2018|
|Anonymous||$120||August 6th 2018|
|Anonymous||$300||August 6th 2018|
|Anonymous||$200||August 6th 2018|