GoFundMe
GoFundMe was founded in May 2010 by Brad Damphousse and Andrew Ballester. GoFundMe allows users to create their own website with which they raise money. People can then donate to a user’s cause through the website using a debit card or credit card. The company receives over USD 140 million in donations per month.
About GoFundMe in brief
GoFundMe was founded in May 2010 by Brad Damphousse and Andrew Ballester. GoFundMe allows users to create their own website with which they raise money. People can then donate to a user’s cause through the website using a debit card or credit card and track the progress of their funding. The company receives over USD 140 million in donations per month and made 2016 USD 100 million in revenue. In March 2017 GoFund me became the biggest crowdfunding platform, responsible for raising over USD 3 billion since its debut in 2010. In June 2019 GoFundme terminated a USD 3 million fund raising for an Australian rugby player, Israel Folau, to finance a court case to appeal his multi-million dollar dismissal.
In November 2017 it announced that it will no longer charge a 5% fee per donation for US, UK, and UK individual campaigns and instead rely upon tips left by donors to support the website. As of November 2017, Go FundMe’s terms and conditions allow for campaigns for certain kinds of legal defense. Go Fund Me has received several awards for best workplace technology in 2017, including best technology in small and medium companies in the bay area and best workplace in giving back in Canada. GofundMe has a notable give-back program where employees can give back to the company in the form of gift cards, cash, or in-kind donations.
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This page is based on the article GoFundMe published in Wikipedia (as of Jan. 01, 2021) and was automatically summarized using artificial intelligence.
