Reward based crowdfunding explained. How does reward crowdfunding work? Kickstarter Seedrs Indiegogo

What is a backer? What is the reward? Platforms like Kickstarter or Startnext offer a possibility to finance start-ups or to finance new product ideas.

Examples:
WhydDonate focuses on reward-based crowdfunding for creative projects
Seedrs a leading equity crowdfunding platform based in the UK
Crowdcube from the UK
Kickstarter from the US is widely used by creators and entrepreneurs in Europe.
Indiegogo supports both reward-based and equity crowdfunding campaigns.
FundedByMe from Sweden
Seedmatch in Germany
Crowd2Fund in the UK
WiSeed in France
Funderbeam from Estonia

The investors are called backers. They receive a reward for their investment in e.g. creative projects from different categories. After successful financing of the project, platform and payment processing fees are deducted from the financing amount. The platforms accept small investment and financing amounts from the backers.

The videos explain different fintech business models and refer to the book Fintech Business Models by Matthias Fischer published in February 2021. The channel covers fintechs in the area of payments, robo advisory, Personal Finance Management, crowdfunding, artificial intelligence, blockchain, cryptocurrency and innovative digital solutions in banking.