What is Pennyseed?
Pennyseed is a crowdfunding platform where the funding goal is divided by the number of pledgers.
For example, if you want to raise $1,000 and reach 1,000 pledgers, then each pledger pays $1. However, if 2,000 people pledge, then each pledger pays only $0.50 (before fees; more below).
Campaigns require a deadline and a minimum number of pledgers; that way people know the maximum possible pledge amount (funding goal) / (minimum number of pledgers). Otherwise if you wanted to raise $1,000 and only one person pledged before the deadline, then they'd pay $1,000 (which would be ridiculous).
Payments are done via Stripe, and pledge amounts include the Stripe processing fees (2.9% + $0.30) and a 1% Pennyseed fee, so the campaigner gets exactly how much they ask for. For example, if you successfully raise $1,000 with 1,000 pledgers, each pledger won't actually pay $1, but will pay $1.35 ($1.00 + fees).
Try out the Campaign Example below to see what creating a campaign is like:
Campaign Example
See how much your pledgers would pay for a given funding goal.
I am raising $1,000 for reason.
This campaign requires a minimum of 1,000 pledgers by .
If there are 1,000 pledgers when the deadline passes, then the campaign fails, and nothing happens.
This project is built using Next.js for the website, Supabase for user authentication and minimal data storage (see our privacy policy for what information we store), and is hosted on Vercel. We also use Stripe for payment processing and SendGrid for emailing campaign updates to users (by default we only send sign-in links and pledge receipts - you can opt-in to additional notifictions in your account settings). The source code is available here.
For more information check out FAQ.