Zaar Crowdfunding Platform For Online Fundraising in 2024

Zaar is a crowdfunding platform based in Malta that offers a donation/reward-based model for entrepreneurs seeking funding for their projects. Founded in 2015, Zaar operates primarily in Malta and provides an avenue for individuals and businesses to raise finance for their ventures through crowdfunding.

The platform was created with the aim of promoting entrepreneurship and providing an alternative funding source for startups and entrepreneurs. It was initiated by the Foundation for the Promotion of Entrepreneurial Initiatives (FPEI), a collaboration between the Malta Business Bureau (MBB) and the University of Malta (UM). Zaar's mission is to support innovative ideas and help turn them into successful businesses by facilitating access to capital through crowdfunding.

Zaar is a member of EUROCROWD, a European network of crowdfunding platforms, which adds credibility and trust to its operations. The platform focuses on the SME sector, offering investment opportunities in various crowdfunding projects within this industry.

One of the key advantages of Zaar is its low barrier to entry, with a minimum investment amount of just 1 EUR. This makes it accessible to a wide range of investors who may want to support entrepreneurial ventures without committing significant capital.

Zaar operates under a donation/reward investment model, where backers can choose to support projects they believe in without expecting financial returns or opt for rewards offered by the project creators in exchange for their contributions. This flexible approach allows investors to engage with projects that align with their interests and values while also potentially benefiting from unique rewards.

Overall, Zaar serves as a platform that fosters innovation, creativity, and entrepreneurship in Malta by connecting project creators with individuals who are willing to support their ideas. By providing a streamlined and user-friendly crowdfunding experience, Zaar plays a crucial role in empowering startups and driving economic growth in the region.