“JOINMYPROJECT HAVE INCLUDED THE FLEXIBLE PLAN, WHERE ANY CREATOR CAN RECEIVE THE FUNDS EVEN IF THE GOAL IS NOT ACHIEVED”
It has been only a question of time the creation of new funding methods to facilitate the creation of new projects in Crowdfunding platforms.
Crisis has dried up the sources of financing. Entrepreneurs feel disappointed when applying for loans or grants because there are many obstacles to get the necessary funding to carry out their projects. And this has not only happened in Spain, but many entrepreneurs from other countries are also having this kind of needs.
Joinmyproject founders, after carrying out several meetings with groups of entrepreneurs and exchange ideas and information with them, have identified the need to create a new funding option that allows flexibility in the All or Nothing funding method that the rest of platforms usually use, adding the Flexible Plan.
With this new method, any Creator who wants to put its project on the platform, will receive the total funds even if it reaches the goal or not.
This new method, allow that many entrepreneurs can use it, but requires more oversight for the platform to prevent any fraud.
Joinmyproject verify -through their legal department- all the requirements needed to start the project using this new method. They request full transparency of the information received and try to do a formal commitment to achieving the agreement. Also, they check the correct delivery of rewards.