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The best source for news and information about crowdfunding for good.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: November 2015

The Local Crowd Selects Community Funded’s Crowdfunding Solution for Economic Development Organizations Nationwide

FORT COLLINS, Colorado, November 11, 2015. Community Funded ( today announced that The Local Crowd ( has chosen Community Funded’s crowdfunding technology platform to provide better access to capital for rural businesses and organizations across America.

The Local Crowd, based in Laramie Wyoming, provides education and technology to help rural businesses and non-profits raise funds locally via online crowdfunding and to educate rural investors about crowdfunding.

(left to right):  McCabe Callahan, Co-Founder and CEO of Community Funded Diane Wolverton, Co-Founder and CEO of The Local Crowd  Ryan Stover, Co-Founder and Chief Business Officer of Community Funded Kim Vincent, Co-Founder and COO of The Local Crowd

(left to right):
McCabe Callahan, Co-Founder and CEO of Community Funded
Diane Wolverton, Co-Founder and CEO of The Local Crowd
Ryan Stover, Co-Founder and Chief Business Officer of Community Funded
Kim Vincent, Co-Founder and COO of The Local Crowd

“Rural communities must cultivate vibrant entrepreneurial cultures to remain economically healthy,” said Diane Wolverton, Co-Founder and CEO of The Local Crowd. “Access to early-stage capital is essential to supporting entrepreneurship in these areas and that’s what we do by galvanizing local investor support.”

“We examined several crowdfunding platforms,” said Kim Vincent, Co-Founder and COO of The Local Crowd. “Community Funded’s platform is the only one with the features we need to support local campaigns and extensive educational resources our clients need.”

The Local Crowd, with the support of USDA, successfully tested its solutions with two communities in 2014. With additional support from USDA, The Local Crowd is recruiting up to 30 rural economic development organizations nationwide to implement local crowdfunding.

“Community Funded is proud to partner with The Local Crowd,” said McCabe Callahan, Co-Founder and CEO of Community Funded. “Their track record of results means that together we can positively impact communities nationwide and that’s our mission as a company.”

About Community Funded

Community Funded ( provides powerful yet easy-to-use crowd-fundraising solutions that help organizations achieve their development goals. We also offer education and training to ensure success. @communityfunded

About The Local Crowd

The Local Crowd ( combines crowdfunding technology with the Spirit of Community and the power of local investing to catalyze communities that invest in themselves. @TLCpower

20x As Many Entrepreneurs Funded and “Doing It For Themselves”

A Golden Opportunity, meanwhile Government “Needs New Thinking” says MP

Below local and national government’s RADAR thousands of local entrepreneurs, including hundreds locally, are getting the leg up, and finance, they need to get started and to grow according to new data just released for UK Crowdfunding Week. Around twenty times as many as current official government estimates.

The who have collected data on more than a quarter of a million crowdfunds from across the globe in 216 countries over the last two years just released the latest update on global and UK data for 2015, to October – plus this infographic.

20x As Many Entrepreneurs Funded and "Doing It For Themselves"

The latest government figures, quoted in the House of Commons this week, could hardly have been much further from the mark, missing more than 95% of those funded.

The contribution from [equity] crowdfunding has grown strongly since 2012. By the third quarter of 2014, deal numbers exceeded those of private equity, accounting for almost one-third of seed funding deals in the first half of 2014.”

Small Business Minister Anna Soubry, 9th November 2015

Demonstrating that government, because they’re using outdated measures, have missed the fact that crowdfunding has overtaken all other forms of seed-funding, and missed the vast majority of what is happening in what it accepts is a crucial area. Missing most of a phenomenon enabling thousands of people to get businesses started or new products and services launched, creating real jobs.

Crowdfunding is many times better at seed-funding

There’s an overlap with Angel and VC funding but Crowdfunding is much better at seed-funding and innovation than anything that’s gone before. It has overtaken them many times over yet is remains off the RADAR! Despite the fact that it also supports budding businesses from an earlier stage than has ever before possible – helping compensate for the retreat of the banks ” commented Barry James Founder & CEO of

The most recent British Business Bank report on UK Crowdfunding, by equity analysts Beauhurst for the Department of Business Innovation and Skills, looked only at equity Crowdfunding comparing it with lending and Private Equity.

“Equity crowdfunded deal numbers and investment totals have been steadily rising since 2011, when only £1.6m was recorded as being invested across 7 deals. In the first half of 2014, £24m was raised across 101 crowdfunded equity investments, according to Beauhurst data. This is equivalent to 18% of total visible deals and 2% of total visible investment.” Hansard 9th Nov.

In the same period Beauhurst reported 101 deals, around 2,000 UK ventures were funded by Kickstarter-style crowdfunding (often called ‘Rewards’ crowdfunding and sometimes confused with donations Crowdfunding). Around twenty times as many..

This year so far we have seen more than 3,550 ventures funding in categories ranging from Technology (235 projects averaging £36,700 each) to Film (1,053 averaging almost £4,000 each). Around three times as many get great feedback from their potential market – enabling them to ‘fail fast’ or change tack, as so many of the most successful Crowdfunds have done in the past.

Crowdfunding is now rivalling the government’s flagship schemes

The figures available suggest crowdfunding is now rivalling the government’s flagship ‘Startup Loans’ scheme in it’s impact. “If this were a public funded government initiative we’d all have heard about it” commented James “as it is it’s seed funding so many more entrepreneurs than either the private sector or any government backed mechanisms. It’s FinTech (Financial Technology) for entrepreneurs. It’s time for government to look at modernising the way they understand and measure these things, and so support entrepreneurs and business creation”.

Barry Sheerman MP who chairs the All Party Parliamentary Group on Crowdfunding and non-bank Finance said “Crowdfunding is creating new opportunities, supporting grass-roots entrepreneurs across the country by providing seed funding and direct access to local and global markets. We need new thinking in this area, new ways to understand and measure what is as major a disruption to the entrepreneurial economy as iTunes was in music and Amazon in retail. Most of all we need to grasp this golden opportunity to support entrepreneurs everywhere and work with them to create jobs where they’re most needed.

I will be writing to Business Secretary Sajid Javid to invite him to fully engage with our All Party Group and make good use of all the data we now have at our disposal.”

Barry James, who is also a co-founder of UK Crowdfunding Week concluded “We will also be sending our report to the British Business Bank and making all the relevant data available so that hopefully by the next Crowdfunding Week we can work with them as well as the Department for Business Innovation and Skills to fully research this important and permanent change to the UK’s entrepreneurial economy and how it can be properly reported and supported” .

Crowdrise Kicks Off The Holiday Giving Season With World’s Largest Virtual Reality Tower On #GivingTuesday

CrowdRise Calls All U.S. Nonprofits to Participate in Holiday Challenge offering $250,000 In Prize Money to Organizations that Fundraise the Most During Holiday Season

New York (Nov. 10, 2015)CrowdRise, the largest crowdfunding platform for good, announced today its second annual Giving Tower campaign for #GivingTuesday, on Dec. 1, 2015. The Giving Tower – a turnkey solution for nonprofit organizations – is a visual reflection of the combined philanthropic impact on #GivingTuesday.

To donate, participants can easily select an organization, make a donation and watch the Giving Tower grow within a virtual city where it will be sized up against some of the world’s largest and most iconic structures.

Rather than spending time crafting their own campaigns, nonprofits can quickly create their own microsites within the Giving Tower campaign and rally their communities on #GivingTuesday. As donations are made, donors, organizations and everyone else can watch the tower grow brick by brick via a free virtual reality (VR) app available in the iTunes store and Google Play starting Nov. 24. As the Tower grows, the app will take users through a series of incredible VR video experiences from RYOT, the leader in virtual reality content for social causes.

Last year, CrowdRise’s Giving Tower grew to a whopping 2,514 feet—just 208 feet shorter than the Burj Khalifa, the tallest building in the world and raised $2.1 million over #GivingTuesday alone. This year, organizers say they want to build it to the moon. And, as an added incentive, the charity that raises the most in the CrowdRise Giving Tower on #GivingTuesday from 12:00 a.m. ET through 11:59:59 p.m. ET on Dec. 1 will get a $25,000 donation to their cause.

Hundreds of organizations have already joined the CrowdRise Giving Tower Holiday Challenge. Founding partners include the American Red Cross, the Human Rights Campaign, March of Dimes, Easter Seals, Boys and Girls Clubs of America, The USO, The American Diabetes Association, and Feed the Children. United Airlines will return as a partner for the second year and is offering a MileagePlus bonus award mile offer to any MileagePlus member who donates at least $50. United is offering up to 10 million bonus miles for the campaign. Mashable has joined the campaign as a media partner.

The Giving Tower campaign will kick off CrowdRise’s annual Holiday Challenge—a friendly fundraising competition between charities that runs through Jan. 7, 2016. $250,000 in grand and weekly prizes will keep charity organizations’ communities engaged and excited throughout the duration of the Challenge. Last year’s campaign raised more than $4 million dollars for participating organizations, with the first place winner, David Sheldrick Wildlife Trust raising over $365,000 and Cure JM Foundation, who took second place, raising over $300,000. Respectively, they took home an additional $100,000 and $50,000 grand prize from CrowdRise.

“The Giving Tower Holiday Challenge raised $4.1 million last year for so many amazing causes,” said Robert Wolfe, CrowdRise co-founder and CEO. “This year, we’re making the campaign way bigger and embracing the coolest, most innovative technology the charity space has ever seen. Our goal is to make it easy for any organization to leverage our technology and create the most unique creative campaign.”

To further help charities get their holiday giving campaigns up and running this year, CrowdRise has developed an all-inclusive toolkit that includes the tools to build successful and engaging Giving Tower and Holiday Challenge campaigns from start to finish to support their causes. In addition to providing webinars and 24-hour customer service, the toolkit is a detailed fundraising playbook, and includes everything from a 10-week engagement calendar, branded email templates, fully designed promotional tools, guides and tips for success.
Nonprofit organizations can sign up and start building their custom campaigns at


CrowdRise is the world’s largest and fastest growing online platform dedicated exclusively to charitable fundraising. CrowdRise is used by millions of individuals, tens of thousands of charities, hundreds of companies and many of the most famous artists and athletes in the world to creatively leverage their resources and networks to unlock the power of the crowd and raise hundreds of millions of dollars to support positive social missions.

Founded by actor Edward Norton, film producer Shauna Robertson and Robert and Jeffrey Wolfe, CrowdRise has conceived, implemented and powered campaigns that have raised over $250 million to date. For more information, visit

22-Year-Old CrowdRise Ambassador Launches 24-Hour Fundraising Campaign to Provide Life-Changing Vision Services for 1,400 students in Cambodia

Latest CrowdRise 24-Hour Impact Project sends humanitarian photographer to address extreme lack of eye care at impoverished Cambodian school

DETROIT, November 9, 2015 – Today CrowdRise launched the latest installment of its rapidly developing 24-Hour Impact Project by sending 22-year-old humanitarian photographer, Malu Veltze, to Cambodia with the goal of crowdfunding $20,000 in just 24-hours to help students get eye care at a school serving 12 rural villages in Koh Bei Riel near Siem Reap, Cambodia. Once the money is raised, Malu will spend the next 24 hours working tirelessly to get eye exams and glasses to 1,400 children and their families. Malu will film the entire process so CrowdRise donors can see the real-time impact of their donations.

The campaign was inspired by Channa, a girl whose poor eyesight caused her to drop out of school in the sixth grade. Left untreated, her eyes worsened and now, at 19 years old, Channa is almost blind in her right eye. Channa’s problems could have been prevented with a simple pair of glasses, costing around $40 in her village, but she couldn’t afford it. A local optometrist informed Malu that getting Channa appropriate glasses could help improve her eyesight 40%.

Channa is a former student at the Self Help Community Centre (SHCC), a registered Non Government Organization (NGO) that provides educational and vocational opportunities to disadvantaged children and young adults in the area. Despite incredible efforts to provide sustainable development through education, there is an enormous lack of eye care and as a result, many of the students suffer from debilitating vision impairment. When Malu was introduced to the other students at the school, it became clear that the issue extended beyond just Channa and that the fundraising campaign needed to include the entire community.

Malu is a photographer who has been traveling the world in search of compelling stories to share through her lens. As a professional photographer, vision is incredibly important to her. “The inability to see properly has drastically hurt these kids¹ ability to succeed in their program,” notes Malu, “Proper vision enables kids to learn, adults to work, and can help lift people out of poverty.”

As a native of Bolivia, Malu has experienced poverty first hand. After moving to America and receiving a college degree, she felt it was her duty to use her experience for good, “My love for connecting people, sharing stories, and helping others was my definition of the American Dream.”

Malu’s dedication has made her a perfect partner for CrowdRise. “We launched the CrowdRise 24-Hour Impact Project to inspire the CrowdRise community to drive real-time change plus show the results and impact of their work. Malu’s passion and relentless drive to help people is an exact reflection of our larger vision and we’re so psyched to have the opportunity to genuinely change so many kids’ lives,” said Robert Wolfe, CrowdRise co-founder and CEO.

The $20,000 raised will support eye-exams, prescription fulfillment, and surgical procedures (when necessary) for the community. Eyewear brand SEE has partnered with CrowdRise on this project by providing 150 eyeglasses and 500 frames to help support the gift of sight.

“We are thrilled to partner with Malu and Crowdrise on this project,” commented SEE’s VP of Marketing, Susan Berryman. “Quality eye care is sometimes taken for granted, and to be able to help by donating glasses is incredibly exciting for SEE.”

If Malu’s goal is exceeded, any extra funds will support education supplies for the school.

To learn more about the project, see Malu’s inspiring video on the ground in Cambodia and, most importantly, to support the cause visit:

About CrowdRise

CrowdRise is the world’s largest and fastest growing online platform dedicated exclusively to charitable fundraising. CrowdRise is used by millions of individuals, tens of thousands of charities, hundreds of companies and many of the most famous artists and athletes in the world to creatively leverage their resources and networks to unlock the power of the crowd and raise hundreds of millions of dollars to support positive social missions.

Founded by actor Edward Norton, film producer Shauna Robertson and Robert and Jeffrey Wolfe, CrowdRise has conceived, implemented and powered campaigns that have raised over $250 million to date. For more information visit

About the CrowdRise 24-Hour Impact Project

The CrowdRise 24-Hour Impact Project was developed in partnership with Mallory Brown, social entrepreneur and founder of World’s Clothesline, to demonstrate the incredible power that real-time impact and crowdfunding can give to an individual trying to make change in the world.

CrowdRise ambassadors are selected to find an important cause and in just 24 hours raise the funds to make a change. They then spend the following 24 hours implementing that change. All activity is filmed in real time and video updates are posted so that donors can see the immediate result of their contributions. So far, these projects have raised nearly $100,000 for charitable causes. Specifically they’ve built a community center in Mexico, secured a home for a family in Haiti, helped expand sanitation efforts in Nepal, provided a permanent home to a BBQ for the homeless in Detroit, and funded life-changing surgeries for three kids in Honduras. To see all the 24 HOUR IMPACT PROJECTS, visit

‘Fuel Your School’ To Help Nearly 1M Students

This post was originally produced for Forbes.

Social Entrepreneur Charles Best, founder of, created what could be described as the first crowdfunding site, despite the fact that that term wouldn’t come into vogue for another decade.

In 2000, Best launched the site to solve a clear problem. “Public school teachers spent an average of $485 of his/her own money to pay for school supplies, instructional materials and other classroom materials. Across the U.S., this adds up to $1.6 billion in out-of-pocket expenses for teachers (2013 National School Supply and Equipment Association Retail Market Awareness Study). Innovative approaches are needed to help public school classrooms,” he says.

For the past six years, Chevron has been partnering with to generate funds for teachers with its Fuel Your School program.

A year ago, I covered the campaign for the first time. Last year, $7.1 million went to teachers in 22 communities, supporting 6,459 local public school projects impacting 715,145 students, according to Chevron.

Blair Blackwell, Manager of Education and Corporate Programs at Chevron, explains, “From Oct. 1 through Oct. 31, 2015, Chevron’s Fuel Your School program will donate $1, up to a total of nearly $8.8 million, to help fund eligible classroom projects when consumers purchase 8 or more gallons of fuel at participating local Chevron and Texaco stations in 21 U.S. markets.” The program’s reach in 2015 could approach 1 million students.

“Since its inception in 2010, Chevron’s Fuel Your School has helped fund more than 23,000 classroom projects at 4,433 schools in the U.S.,” Blackwell adds.

On Thursday, November 5, 2015 at 1:00 Eastern, Best and Blackwell will join me for a live discussion about the Fuel Your School program and its impact on teachers across the country. Tune in here then to watch the interview live. Post questions in the comments below or tweet questions before the interview to @devindthorpe.

More about

Twitter: @DonorsChoose is an online charity that makes it easy for anyone to help students in need. Public school teachers from every corner of America post classroom project requests on the site, and people can give any amount to the project that most inspires them.

When a project reaches its funding goal, they ship the materials to the school. Donors get photos of the project taking place, a letter from the teacher, and insight into how every dollar was spent. For gifts over $50 donors receive hand-written thank-yous from the students.

You can give as little as $1 and get the same level of choice, transparency, and feedback that is traditionally reserved for someone who gives millions. vets every classroom project request, purchases the materials and ships them directly to the school, provides photos of the project taking place, and supplys a cost report showing how every dollar was spent.

Charles Best, courtesy of

Charles Best, courtesy of

Best’s Bio:

Twitter: @CharlesBest

Charles Best, a new social studies teacher in the Bronx, often talked with his colleagues about materials and experiences they wanted their students to have, but which they had no funding to support. He created in 2000 so that individuals could connect directly with classrooms in need.

More about Chevron:

Twitter: @FuelYourSchool

Working with our partners, we take a comprehensive approach to investments in education by getting students excited about STEM and encouraging them to pursue STEM courses and, ultimately, STEM careers. We support educational standards and proven curricula that promote project- and problem-based learning. We also support teacher training, provide classroom resources, fund outside-of-school activities, and develop partnerships with universities designed to strengthen faculty, curricula and student development. These investments don’t just help the communities in which we operate—they help us, too. Tomorrow’s Chevron engineers are today’s schoolchildren.

Blackwell’s bio:

Twitter: @blairblackwell

Blair Blackwell is manager of Education and Corporate Programs at Chevron Corporation, a position she has held since December 2012. In this role, Blackwell is responsible for leading Chevron’s education-focused social investment initiatives in the United States.

Blackwell has over 15 years of experience with the private sector, nonprofit organizations, social enterprises and international organizations in Africa, the Balkans, Central Asia and the United States. Previously, she served as director of private sector initiatives for the International Crisis Group based in New York. Prior to this position, she was executive director of Princeton in Africa.

Blackwell views education as a fundamental cornerstone of prosperity and has been involved in many facets of education throughout her career, ranging from working on education reform in Bosnia and Herzegovina to working with students in Kazakhstan. Currently, Blackwell is on the Partner Advisory Council of 100Kin10 – a program aimed at training 100,000 STEM teachers by 2021 – and on the Advisory Council of the California STEM Learning Network. She also serves as a Term Member of the Council on Foreign Relations.

Blackwell is from Winter Park, Florida. She earned a bachelor’s degree in Slavic languages and Literatures from Princeton University. She currently resides in Oakland, California and has lived in Belgium, Bosnia and Herzegovina, Kazakhstan and New York City.

GoodWorld Announces Million Dollar Challenge for #GivingTuesday

Tech startup will give up to $1M to charity to kick off giving season

Washington, D.C.GoodWorld, the only company facilitating donations directly on Facebook and Twitter with a hashtag, will donate up to $1 million to charity for #GivingTuesday through its Million Dollar Challenge. Occurring this year on December 1, #GivingTuesday is a global day of giving that harnesses the collective power of individuals, communities and organizations to encourage philanthropy and celebrate generosity worldwide.

This is the first year GoodWorld has officially partnered with #GivingTuesday to use its #donate technology to make giving a simple, social experience. Social media users need only comment or tweet ‘#donate’ for instant donations to nonprofits on Facebook and Twitter.

“We launched the Million Dollar Challenge with the goal of rallying one million people to support the causes they care about on #GivingTuesday and spreading that generosity,” said Dale Nirvani Pfeifer, CEO and founder of GoodWorld. “This is the biggest day of the year for philanthropy, and we want to make it as easy and fun as possible for nonprofits and their networks to engage and amplify their good work in a way that inspires others. “

To sign up to participate in the Million Dollar Challenge, nonprofits need only to register here and post on #GivingTuesday with a call for supporters to #donate. For each of the first one million completed donations of $20 or more made to charity using #donate between December 1 and 31, 2015, GoodWorld will donate $1 to the respective nonprofit. GoodWorld currently works with over 700 nonprofits, including UNICEF, Save the Children, Oxfam, Humane Society International and the ALS Association.

#GivingTuesday was founded in 2012 by 92nd Street Y in partnership with the United Nations Foundation as a new way of linking individuals and causes to strengthen communities and encourage giving.

“#GivingTuesday is an opportunity for nonprofit organizations and social enterprises to embrace new technologies and experiment with new ways to engage donors,” said Asha Curran, director of the Center for Innovation & Social Impact at 92nd Street Y. “GoodWorld’s Million Dollar Challenge for #GivingTuesday is an exciting example of that kind of growth and innovation in the area of social giving. The result is a more connected and inspired generation of givers.”

For more information about the Million Dollar Challenge and partnering with GoodWorld to use #donate on #GivingTuesday, please visit

About GoodWorld

GoodWorld, Inc. was launched in 2014 as a platform to enable seamless donations on social media and encourage viral giving. As the pioneer of hashtag donations, GoodWorld is on a mission to blow open social media as a fundraising channel for non-profits and to allow social media users to directly contribute to the causes that they care about the most—making giving interactive, engaging and social. By typing “#donate” in the comment block of a partner charity’s Facebook page or by tweeting “#donate” at a charity, social media users trigger an immediate donation that is shared with their entire network.

Founder Dale Nirvani Pfeifer created GoodWorld after a Facebook post inspired her to donate, but the difficulty of the process left her frustrated. Other co-founders include attorney Charles McGuire Wien and COO John Gossart, former partner at the Daimler-acquired transportation tech startup Ridescout. GoodWorld’s investors include former CFO of Microsoft and General Motors Chris Liddell, former CTO and Co-Founder of Paypal Max Levchin, former Google Vice President of Wallet and Payments Osama Bedier, Nyca Partners Managing Director and former Visa President Hans Morris, and former CEO of the Washington Post Katharine Weymouth. Visit for more information.

About #GivingTuesday

#GivingTuesday is a movement to celebrate and provide incentives to give—the 2015 iteration will be held on December 1, 2015. This effort harnesses the collective power of a unique blend of partners—nonprofits, businesses and corporations as well as families and individuals—to transform how people think about, talk about and participate in the giving season. #GivingTuesday inspires people to take collaborative action to improve their local communities, give back in better, smarter ways to the charities and causes they celebrate and help create a better world. #GivingTuesday harnesses the power of social media to create a global moment dedicated to giving around the world. To learn more about #GivingTuesday participants and activities or to join the celebration of giving, please visit:

Watsi Raises $3.5M Philanthropic Growth Round To Reach 1M Patients By 2020

Silicon Valley nonprofit raises second round of operational funding, led by Paul Graham, Tencent, and The Pershing Square Foundation, to scale online health system.

SAN FRANCISCO — November 4th, 2015Watsi, the nonprofit that enables anyone to directly fund life-changing healthcare for people around the world, today announced it has raised $3.5M in donations towards its operations in what it is calling a ‘philanthropic growth round.’

Watsi was the first nonprofit to graduate from Y Combinator and raise a startup-style seed round in 2013. Since then, Watsi has grown 20x, funding healthcare for more than 5,000 patients and proving its crowdfunding concept. The organization has expanded geographically, and now supports patients in 20 countries, including Cambodia, Kenya, Tanzania, Guatemala, and Nepal. It has also expanded its medical focus, now providing funding for more than 170 different procedures, including heart surgery, cancer care, and brain tumor removals.

The round of donations was made possible by philanthropists and foundations, including Paul Graham, Tencent, The Pershing Square Foundation, Ron Conway, Vinod Khosla, Jasmine Social Investments, Supercell founders Ilkka Paananen and Mikko Kodisoja, The Draper Richards Kaplan Foundation, and Paul Buchheit. On Watsi’s website, 100% of every donation funds healthcare. Support from these funders will cover Watsi’s operational expenses, and enable Watsi to grow its team (the nonprofit has already recruited engineers from NASA, Microsoft, and Palantir), improve its platform, and scale its online system that connects health funders directly to people in need of healthcare.

Expanding its online health system will enable even more individual donors to make personal donations on Watsi — 100% of donations on Watsi’s website directly fund healthcare for patients. Meanwhile, the world’s largest health funders (governments, foundations) still finance healthcare using pen and paper, deploying money through layers of subcontractors and bureaucracy. The World Health Organization estimates that up to 40% of the $7 trillion intended to fund healthcare around the world each year is lost to inefficiency and corruption.

As Watsi expands, it expects the world’s largest health funders to join individual donors in using its system to fund healthcare online. Technology is connecting the world, and if Watsi becomes the first system to bring global health financing online, it will reach its goal of supporting 1M patients by 2020 and have an opportunity change the future of healthcare.

About Watsi

Watsi, based in San Francisco, is a nonprofit that enables anyone to donate as little as $5 to directly fund life-changing healthcare for people around the world. 100% of donations fund healthcare, and the organization is dedicated to radical transparency. To learn more about Watsi, please visit

KoreConX Launches to Disrupt the Equity Crowdfunding Market by Offering a Free, All-in-One Solution to Help Companies Navigate Process of Raising Equity Capital

Secure Platform Prepares Users for Due Diligence and Simplifies Shareholder Communications to Reduce Risk

Toronto, Canada – November 4, 2015 – Equity crowdfunding is broken. The system does not work for many companies because of the complicated process, the enormous legal fees and the extreme importance of doing everything required to meet regulatory requirements. There has never been a simple, secure, cost-effective and legally sound solution – until now. KoreConX today introduced a powerful and free all-in-one solution that will disrupt the market by helping companies navigate the equity funding process, while simplifying shareholder communication to reduce risk.

Companies that have stayed on the sidelines because of the challenging and detailed process of equity crowdfunding can now move forward with confidence that they will be in compliance with all steps in the process, while utilizing KoreConX’s free platform. The future of equity crowdfunding starts today.

Under Title III, the number of potential new investors goes from 8.5 million to 233.7 million. It means more deals, more new shareholders, and that strict due diligence becomes even more time consuming for equity crowdfunding portals and making shareholder management even more important. Companies need something that will allow them to manage the increased number of shareholders, and portals need a tool to help them perform due diligence. KoreConX is both.

“The equity crowdfunding process is broken and needs a radical overhaul to make it more accessible to organizations of all sizes,” said Oscar A Jofre, Founder, President/CEO of KoreConX. “The new KoreConX platform changes the status quo in the marketplace by, for the first time ever, standardizing the process of gathering and conveying all needed information for equity funding. By making it easier, and far less expensive, KoreConX is poised to reshape the industry and reshape the face of crowdfunding.”

Why Companies Need KoreConX

The integrated tools and services platform, available at, saves companies time and helps reduce legal fees by having all the required corporate documents proactively organized, while allowing organizations to efficiently manage corporate records. KoreConX makes onboarding and dealflow screening for equity crowdfunding portals much easier while ensuring issuers are prepared for due diligence, reporting regularly and managing shareholders properly.

Why Equity Portals Need KoreConX

Portals are responsible for conducting due diligence on each company that wants to list on their portal. Doing this to the highest standards is where they get the edge and the reputation they need to succeed. This is a major undertaking, and time consuming when companies come unprepared and in large numbers. Portals serve the company and the investor, and protect the best interests of both with good due diligence. The investor will remain with the portal long after the company has raised its money, therefore the portal operators want to make sure their investors are being well taken care of by the companies they have just helped in raising their capital. We help save equity crowdfunding portals time, increase deal flow, and make regulatory compliance easy.

What KoreConX Provides

KoreConX provides the infrastructure and eco-system for companies to efficiently manage their business while maintaining proper governance, transparency and compliance. The highly secure platform provides a suite of tools and services that centralizes and streamlines governance functions, ensuring that corporate information is always up to date while helping companies from start to finish during the process of Pre-During-Post regulated crowdfunding transactions.

Companies can use the KoreConX platform to organize and share their company information with portal operators, through a single point of entry, allowing them to comprehensively manage their equity raise without leaving the platform. Once the capital raising round is complete, KoreConX helps companies manage and communicate with their shareholders, practicing good governance as they grow.

How to Get Started

Initially, companies go through a simple, one time setup. This provides a perfect starting point for companies seeking to raise capital via capital markets or crowdfunding. This single point of entry allows for easy application to several different portals, as companies input data once and the information is then in the KoreConX system. KoreConX has integrated the collective skill sets of a wide range of partners, including iDisclose, EarlyIQ, AlgoValue, CrowdCheck, and others into the platform.

KoreConX is built with due diligence and current compliance requirements in mind, making reporting easy with a secure offsite data center presence that cross-links information, and ensures that the right people have access to all the right information when they need it. KoreConX is certified by VeriSign. With KoreConX, all parties will be able to see and edit documents in real time, making version control easier and reducing legal fees. KoreConX is perfect for companies that prefer to focus on running their business rather than being distracted by the process of complying with ever-changing regulatory obligations.

About KoreConX

KoreConX is a free all-in-one solution that helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk. The KoreConX eco-system empowers stakeholders (regulated crowdfunding portals, shareholders, board directors, CEO, CFO, corporate secretary, lawyers, auditors, investor relations, members and 3rd party providers) to manage corporate information from a Single Point of Entry within a secure, hosted application that results in efficient and transparent corporate governance. More information is available at


Houston Food Bank Needs Your Support To Feed the Hungry

The Houston Food Bank is America’s largest food bank in distribution of nearly 600 hunger relief charities in 18 southeast Texas counties. They are raising money on Giftfluence. Recently, I caught up with Ryan Charnov to learn more about the effort; here’s what he told me:

What is the social benefit you hope to achieve with or through your crowdfunding campaign?

I hope to make it easier for charities to raise money through online shopping. Many charities are successfully implementing crowdfunding campaigns, however it is our job to innovate and find new strategies for sustainable giving. I hope to make giving back to your community as simple as shopping at your favorite store, and want to allow consumers to give back to charity through actions that they already do.

How much money are you hoping to raise and why? How much have you raised so far?

My goal is to raise over $1 Million for charities in the next year. We have two live campaigns and are launching more throughout the coming weeks.

Whom are you trying to help with your project and why?

I am trying to help charitable organizations that struggle to find sustainable sources of funding. While traditional crowdfunding methods are great, they are not necessarily reliable year in and year our. By earning donations through online shopping, charities can establish a sustainable source of revenue.

I want to help charities because I know how hard funding can be, and how far funds can be stretched. As a college student I struggled to raise $500 a semester for my organization, Moneythink, that taught financial literacy and college readiness. I despised asking my friends and family for money every semester, and noticed that the best fundraisers were the ones where you ask for a simple action (eat here on a certain day, etc). I know that every dollar invested into charities makes much more than one dollar’s worth of impact and because of that I want to make it as easy as possible for charitable organizations to continually raise funds.

What rewards, if any, are you offering to your supporters?

We are offering financial rewards to charities for online shopping. For example if someone buys a Groupon through our website, between 2% and 7% of their purchase will go to charity. This allows organizations to continually raise money through every day purchases.

Check out the campaign:

Visit the website.
Follow on Facebook.
Follow on Twitter at @Giftfluence

Solar Nano Grids to End Poverty in Kenyan Communities

INTASAVE Energy launches campaign to raise funds for Solar Nano Grids (SONGs) to empower families and community businesses


Global not-for-profit and environmental enterprise, INTASAVE Energy has launched an exciting new campaign to bring together individuals, organisations, communities and businesses committed to renewable energy for international development.

Using an imaginative crowdfunding campaign to kick-start its long-term fund-raising goals, this first phase focuses on installing Solar Nano Grids (SONGs) for communities and households in Kenya, to provide power for families to improve lives, health, and the educational attainment of children, whilst also enabling the establishment of small businesses and the creation of local employment.

The Crowdfunding Campaign, launched this week on Indiegogo, provides both philanthropic opportunities alongside “perk” packages that encourage individuals to become involved and identify with the aims of INTASAVE Energy. From wristbands and grow kits to eco-holidays and project tours in Kenya, the campaign covers a range of tastes and also includes packages for groups and companies to become involved. INTASAVE Energy aims to raise at least $100,000 in the first 40 days of campaigning, so that it can bring clean electricity to as many communities as possible in 2016.

The first phase of the project focuses on Kenya and provides off-grid household and community power – including for agri-processing, water pumps and community refrigeration – to at least five communities through the Crowdfunding, and to a further 75,000 targeted households and around 375,000 people in the country in the second phase. INTASAVE Energy is installing a series of self-reliant Solar Nano Grids (SONGs) specifically designed for communities and households. The SONGs have been developed to provide the most effective and cost-efficient solution for off-grid communities and are ideally suited for the conditions in Kenya.

INTASAVE’s CEO, Dr Murray Simpson, said: “The SONGs Campaign will make a significant difference to the lives of people and the prosperity of communities. The introduction of electricity within off-grid communities in the developing world is essential to progress and improved well-being.

“On a community level, the installation of SONGs enables the creation of businesses and local employment to raise the living standards of communities. It also enables a whole range of health improvements, from the general health and wellbeing benefits of clean energy replacing kerosene and diesel, to the ability to refrigerate medicines and vaccines, and to pump water.”

More than 30 million people in Kenya live without electricity, which is about 75% of the population. However, the country is endowed with significant solar resources – with annual averages of some of the highest in the world (well over 5kWh/m2/day available throughout the country) – the location on the equator gives Kenya an excellent opportunity for electricity generation using photovoltaic (PV) systems. Stand-alone PV systems represent the least-cost option for electrifying homes and communities in rural areas in Kenya, especially due to the distribution of the population across arid and semi-arid lands that form more than 70% of the landmass of the country.

Dr Simpson said: “We aim to raise at least $100,000 dollars in the first phase of the project to bring positive impacts to as many families and communities as possible. As the Crowdfunding Campaign takes off, we will move into the following phases of our programme and expand our work to other countries in Africa. We have also developed plans for countries in Asia and Latin America.”


About INTASAVE Energy

INTASAVE Energy is part of the INTASAVE-CARIBSAVE Group, a global not-for-profit and environmental enterprise. INTASAVE Energy exists to create a brighter future for the 1.2 billion people living without electricity in extreme poverty around the world. The team delivers innovation, bright ideas and practical solutions which provide dual wins for people and the planet. INTASAVE Energy provides lighting and power, with wider benefits to health, economies, environment, empowerment and education.

INTASAVE Energy focuses on off-grid power generation within Africa, Latin America and the Caribbean, using renewable energy to electrify rural communities. They have designed a number of solar-based energy products including nano-grids and central recharging hubs, which offer a full range of solutions for community based power, with a strong focus on agri-processing (grain grinding machinery and irrigation) and refrigeration for medicines and milk. INTASAVE Energy is also able to offer non-solar generation, and is currently working on micro-hydro power in Guyana and Lesotho, as well as grid-connected recharging hubs in Kenyan schools.


The INTASAVE-CARIBSAVE Group is a global not-for-profit and environmental enterprise that innovates, connects and implements practical solutions for sustainable development and climate change. At the heart of what we do lies our in-depth understanding of the unique cultural, political and social context in the countries we work in.

We have offices in the following geographical areas:

  • INTASAVE Africa
  • INTASAVE Asia-Pacific
  • INTASAVE UK-Europe

Our Vision

A world that responds to the opportunities and challenges of a changing climate and provides an equitable and sustainable future for all.

Our Mission

Working with, and supporting, societies, economies, communities and environments in responding to a changing climate; providing innovative, dynamic and evidence-based tools and solutions. Our focus is innovation, and the connection and implementation of effective solutions, for policy and practice, to climate challenges.

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