Thundafund Crowdfunding Masterclass - BWB Khayelitsha

Thundafund is South Africa's leading online Crowdfunding Café and marketplace for creatives and innovators. 

Through Thundafund, entrepreneurs with their respective projects & ideas can raise capital and build a supportive crowd of backers through the process of crowdfunding. 

“In 5 years time people will see crowdfunding as a no-brainer when it comes to launching a new idea or project. 
Why would you spend your time and cash on an idea without first asking your future customers if they would buy it? 
Crowdfunding is the ultimate in the democratization of finance. 
The many, coming together to back people who create products that they would like to see materialized in the world.” 
- Patrick Schofield, co-founder. 

What makes Thundafund exceptional:

Designed for Africa by Africans. Our commitment is to South Africa and Africa and we believe that by activating our own communities we can build prosperity.

Business mentorship:

Thundafund couples projects with business and mentorship support services. Mentorship is as important as raising the capital to build successful enterprises. 

Thundafund’s statement of values:

Thundafund believes that by changing the way entrepreneurial funding works, and by making this transparent and inclusive, we can build trust and loyalty between entrepreneurs and their customers, and thereby grow economies and create jobs. We will showcase the best of African creativity and enterprises so that people are inspired to be part of entrepreneurial success. Backers change the world with R100. This is not about charity. This is about change. 

Who is Thundafund?

Us, you and them. Thundafund is based on networks. Ours, yours, your friends and family, the media, industry professionals, bloggers, tweeters, fanciers… and other highly networked individuals and organisations. At our core is a team based in South Africa. 

Crowdfunding is raising a sum of money for a specific project or idea through contributions from a crowd of people who ’back’ that idea. There is a set time frame in which to raise the money and all the people who give money receive a reward in return for their support. If the fundraising target isn’t achieved within the given time frame then any money already raised is returned to the backers. That way, backers know for sure where their money is going, and that they are making a real difference.

Crowdfunding allows you to…

Build a crowd: Crowdfunding can be an excellent way of increasing and engaging your base of supporters which can have all sorts of benefits for your project and organisation.

Time and expertise: Crowdfunding is about much more than just money – it’s about your crowd helping you, your idea or project, and organisation to grow. Do you need help with something? Ideas for a marketing campaign? A web expert? Reach out to your crowd!

Future fundraising: Crowdfunding means a pool of people all give a varied amount of money via purchasing your project related rewards to make your project a reality. All of these people therefore become contributors to your project – and it is likely for people who have given once to give again (as long as they’ve been properly acknowledged for their contribution and receive their reward!). This crowd may prove to be a valuable resource (both financially and socially) for your future projects and organisation.