Simple Crowdfunding's involvement varies depending upon whether it is an equity or a peer to peer lending opportunity.
Peer to Peer Lending (P2P):
Simple Crowdfunding arranges the loan between the lender and the fundraiser. We are responsible for ensuring the documentation is completed, administering the loan and for managing any repayments made by the fundraiser.
Once the project funds have been raised, the company raising the funds (fundraiser) is responsible for delivering that project. They are responsible for providing updates as agreed and seeing the project to conclusion.
In both cases, Simple Crowdfunding provides the platform for communication through the private project forums. They will also add any updates received by the fundraiser to the 'Updates' tab of the project.
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