DreamFund.com Launches First Family-Friendly Crowdfunding Site With FDIC-Insured Savings
DreamFund.com Raises Crowdfunding to a New Level by Offering the Benefits of a Savings Account, Fund-Boosting, Marketing Tools, and Built-In Fraud Protection
Wellesley, Mass. (November 12, 2014) – DreamFund.com, the circle giving platform for important dreams, today announces the launch of the industry’s first family-friendly crowdfunding site that also offers the benefits of an insured savings account. DreamFund.com allows “Dreamers” of all ages to not only raise – but also save – the money they need for life-changing experiences, meaningful causes, and awesome purchases.
The site is rich in innovative features that make it easy for Dreamers to succeed in achieving their long or short-term goals. All funds donated are automatically deposited into the Dreamer’s own FDIC-insured saving account, earning interest every day. DreamFund.com also allows teenagers ages 13-17 to sign up, making it the first and only crowdfunding site where kids can have their own account to raise and save for their dreams – whether it’s buying their first car or saving for a college education. The site’s spending rules and controls give funders confidence that the money will be used as intended based on the Dream.
DreamFund.com is led by serial entrepreneur and Salary.com founder, Kent Plunkett. While at Salary.com, Kent revolutionized access to compensation information and completed a successful initial public offering in 2007. DreamFund.com launched in beta in July and has doubled in size every month since. The company has fourteen employees and is currently funded by private investors, including the founding management team.
“We all have circles of people who care about us and want us to achieve our dreams. At DreamFund.com we have built an unprecedented, easy-to-use platform to help kids, families and charities tell their stories and make their dreams come true,” says Kent Plunkett, founder and CEO of DreamFund.com.
DreamFund.com features include:
Crowdfunding for teens, too Any money raised by teens ages 13-17 on DreamFund.com is placed into a custodial savings account in the teenager’s name. A great teaching tool for financial literacy.
FDIC-insured savings, with interest All funds are deposited in the Dreamer’s own FDIC-insured savings account, earning a competitive rate of interest every day.
Personalized, fund-boosting marketing tools DreamFund.com offers Dream Boosters, providing personalized marketing advice and pre-written messages that can be sent via email or through social media channels to a Dreamer’s circles.
Live DreamSquad support DreamFund.com offers online marketing experts ready to assist members in creating their Dreams and provide tips and best practice on how to share with their circles to achieve their goals.
Built-in fraud protection Dreamers must publish a social contract called a “Dreamer’s Promise” which includes technology controls that lock in spending rules, so that the funder knows exactly how his/her donation will be used.
Competitive rates DreamFund.com’s crowdfunding fees are among the lowest around – 5% for Basic members and 2.5% for Prime subscribers. Plus, the site’s savings accounts have no monthly fees.
“Big or small – everyone has Dreams. Every day, our Dreamers are using crowdfunded savings as a way to make them come true,” says Peter Crosby, co-founder and CMO of DreamFund.com. “It’s a great way for an entire family to gather support, and we’re so happy to offer a platform that makes it easy to raise and save to achieve even the biggest Dreams.”
For more information about DreamFund.com, please visit www.dreamfund.com, follow @TheDreamFund on Twitter, or become a fan of DreamFund.com on Facebook.
DreamFund.com is the circle giving platform for important dreams. Through the Dreamer’s circles — family, friends, community, groups, etc. —DreamFund.com helps people of all ages raise and save the money they need for life-changing experiences, meaningful causes, and awesome purchases. DreamFund.com is the first and only crowdfunding site to offer the convenience of an FDIC-insured savings account, so not only can users raise money, they can save for even their biggest dreams.
Founded in 2013, DreamFund.com is headquartered in Wellesley, MA. For more information visit DreamFund.com.
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