Malta's Only Crowdfunding Platform Had A 90% Success Rate In 2017

10th January 2018

A number of projects are already planned for 2018, many of which will be launched in the coming weeks.

Malta’s only rewards-based crowdfunding platform, Zaar.com.mt, rounded off 2017 on a high-note by celebrating its most successful year to-date.

The platform, which helps people to secure funding for projects they want to get off the ground, enjoyed a 90 per cent success rate across its online campaigns, and raised a substantial €85,000. Zaar achieved the funding by attracting over 60,000 website visitors and over 1,400 project backers.

“We are thrilled with the results achieved in 2017,” says Zaar.com.mt manager Matthew Caruana. “24 projects joined us during the year and 90 per cent of them completed their campaigns having achieved the funds they hoped for – and more. It is exciting to know that these projects will now be able to move onto their next stage of development as a result of crowdfunding on Zaar.”

Beyond its successful campaigns, Zaar also enjoyed hitting other important milestones in 2017. Among them, the platform launched Zaar Clinics, which were introduced to share crowdfunding information and ideas to potential campaigners, and to provide a space where would-be entrepreneurs could meet like-minded individuals.

On top of that, Zaar also launched its official guidebook, designed to help potential campaigners kick-start a successful campaign. This book takes the form of a 20-page full colour guide that covers everything a project owner should consider and do pre, during and post campaign. “Our campaigners have found this document to be very useful and we have had an excellent response from it, including its helpful To Do List, and Crowdfunding Toolkit and Canvas,” Mr Caruana continued.

A number of projects are already planned for 2018, many of which will be launched in the coming weeks.

“2018 is set to be another landmark year for Zaar as we work on bringing more projects than ever into fruition and to securing funding for them. We look forward to hearing from anyone out there with an exciting project idea, and to giving them the support they need to help get it funded.”

Visitors are invited to go to www.zaar.com.mt for more information, and to like the ZAAR page on Facebook (www.facebook.com/zaar.com.mt)


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