Crowdfunding developed by NOVO BANCO, a pioneering project in Portugal, answered the need of finding new forms of participation and social contribution, enabling anyone to contribute to a given cause through the Internet and the materialisation of a project collectively, in which Novo Banco accounts for 10 per cent of the total funding.
The economic background gave rise to new forms of participation and social contribution, particularly crowdfunding, i.e. the chance everyone has to contribute to a given cause through the Internet and help the materialisation of a project collectively. In the United States and some European countries, the movement is a success in terms of financing, through social networks, of start-ups, NGOs and creative projects.
NOVO BANCO Crowdfunding platform has already financed 125 projects through 10 329 donations with over 517 thousand Euros aimed at charities and charity fundraising events. Of the 125 projects 100% financed 25 were developed outside Portugal, namely 10 in Mozambique, 7 in Sao Tome and Principe, 7 in Cape Verde and 1 in Guine.
With a view to continuing supporting public charities and NGOs which intend to implement projects that can make a difference in the quality of life of users thereof, NOVO BANCO keeps highlighting its crowdfunding platform in its policy of social responsibility, enabling cost-free contact of these institutions with an infinite community of donors, whose donation allows the fulfilment of social projects.
NOVO BANCO strengthens its position as a pioneering brand in the adoption of new trends in Web 2.0, playing an active role for the promotion of responsible citizenship. NOVO BANCO CROWDFUNDING is located in the funding platform for collective fundraising par excellence in Portugal, PPL Crowdfunding Portugal.
Click here to visit NOVO BANCO Crowdfunding website.