Why is it better to rent a crowdfunding platform than to build your own?
We receive this questions quite often and thought we’d tackle it and show some of the advantages of renting out software such as Crowdsofts.
First and foremost is that renting out an advanced crowdfunding platform is cost effective. As you can probably imagine, end-to-end intelligent automation of the entire crowdfunding process can be tricky. Not only in terms of programming, which in itself requires experienced and expensive specialists in certain programming languages, the lending process itself, security specialists, high-end quality specialists that have broad knowledge not just of technical, but financial sector as well. There are also permits and licenses that must be authorized by local institutions in order for the white label P2P lending platform to ever see the light of day. The entire process is not time or cost efficient.
Even if a company has enough time and financial resources to go through and build a crowdfunding software, there are post-development expenses and returns of investment to worry about. Marketing and sales of crowdfunding services are essential to make the investment for building the software worthwhile. Constant development and updates will also be crucial, as it’s necessary to keep improving backend tech even post launch. If you built a crowdfunding software yourself, the development of online crowdfunding business rests on the user-friendliness of the portal, as well as your personal sales and marketing skills.
To outsource a crowdfunding software such as Crowdsofts means focusing solely on sales and marketing. The software will already be developed with excellent features that will help your business thrive. Not only that, the dedicated support will make sure the program is up to date, sees constant improvements and any questions you will have about its use and issues that arrive will be answered in a timely manner. In this scenario, all you will have to provide is a design that Crowdsofts can mount to personalize the look of your software. And that’s it.
Developing a crowdfunding software is a big investment with returns not guaranteed. We would always encourage any eager businessmen and women to focus on their strengths in sales and marketing, rather than endure the arduous process of software development. Crowdsofts is a company that can attest to the difficulty of this even when we do have all the brilliant specialists and know-how we need. Rather, we would help you adapt Crowdsofts to your business needs. Whether it’s personal loans, business loans, collateral loans or any other type of lending business, our customizable white-label crowdfunding software is ready to be molded to any financing processes you want to cover.
With strong client-facing interface and inclusive back-office features, Crowdsofts is the best solution to facilitating crowdfunding in any business sector. To find out how the process of acquiring such a software would go, you can always refer to our How it works page for details, or just contact us to talk in-depth about your needs.
Let Crowdsofts be your trusted fintech partner.