There are plans for a new platform by GoFundMe to raise more money

There are plans for a new platform by GoFundMe to raise more money

In order to support thousands of campaigners, GoFundMe is utilising its brand as a platform to raise donations for personal causes over the Internet. At this point in time, the GoFundMe service has raised more than $5 billion in grants. In the future, the business plans to construct an entirely new Internet layer from scratch. Nonprofits of all sizes will be able to take use of the latest free fundraising offering. GoFundMe Charity is the name given to the platform. This is the first time a button to facilitate monetary donations has been placed into the website. Service will be available in November, and the charity will include organisations like the American Cancer Society and the Boston Marathon.

 

When CrowdRise, a charity provider, was bought by GoFundMe in 2017, the nonprofit idea was wholly new to the firm. Since last year, GoFundMe has focused on raising money for certain causes, and as a result, the platform will shift from CrowdRise to GoFundMe Charity. Because it has already been working on individual cause-based campaigns and social media platforms, this announcement is a positive development. The company’s fundraising efforts have already reached $2 billion. GoFundMe, in contrast to more traditional contribution techniques, will aid in the introduction of an online platform where donors may make donations using buttons, PayPal, and other payment systems.

 

In a similar vein, GoFundMe purchased YouCaring in 2017 while its campaigns was flourishing. A united community of 60 million contributors in 19 countries was created as a result of the transaction. No one was ever made aware of the financial terms of the arrangement. Earlier that year, YouCaring purchased Generosity.com from Indiegogo. Since the two organisations have the same purpose, which is to raise money for charity, their compatibility will only benefit GoFundMe.

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