Pozible is an Australian-based crowd-funding platform and community-building tool for creative projects.

logo_pozibleCountry: Australia
Year: 2011
Pozible has successfully launched about 11,000 projects and raised over AUD 45 million in pledges.
Pozible has a 57% success rate – highest among all major platforms

Concept

  • Pozible provides a platform for project creators to present their ideas to a global audience. In return, project creators offer non-financial rewards matched to the level of funding commitment.
  • Pozible charges a service fee ranging from 3% to 5% for successful projects, depending on the amounts raised.
  • Supporters can make a pledge to projects via credit card, paypal and Bitcoin.

Consumer Benefits

  • Alternative financing: Compared to applying for a loan or seeking out accredited investors, setting up a successful crowdfunding campaign is more efficient and effective in getting the message out to the right people.
  • Powerful marketing: Investors can often act as brand ambassadors or evangelists for a company with the crowdfunding process acting as an invaluable marketing tool.

How it works

  1. Projects are launched on the Pozible website after a review process to make sure the project abides by the platform’s project guidelines.
  2. Project creators select a deadline and a target amount to achieve.
  3. Supporters are invited and encouraged to pledge an amount to support the project’s campaign.
  4. If the designated target is not met by the deadline, pledges are not processed.
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