For the loan-based campaigns, FundedByMe charges entrepreneurs with a success fee of 4% (2% is for FundedByMe, and 2% goes to handling payment services) on the total amount of money raised through a successful campaign. In other words, the success fee is only charged if at least 80% of the funding goal is raised. The success fee consists of
In order to build long-term relationships we with companies and lenders on our platform, we charge a 1% administration fee on repayments made by borrowers to lenders. This ensure that FundedByMe remains aligned with lenders’ interest to keep the companies repayment schedule constant.
FundedByMe does not charge any listing fee for the loan-based campaigns.