Wadiz cuts intermediary fees by up to 45%... 'Starting from minimum 5% fee'
Wadiz cuts intermediary fees by up to 45%… ‘Starting from minimum 5% fee’
-Diverse fee options from individuals to enterprises... lowering funding hurdles and strengthening support services
-Purpose of meeting diverse needs according to maker diversification (individuals, small business owners, creators, etc.)
Wadiz is drastically reducing intermediary fees and creating an ecosystem where anyone from small business owners, individuals, enterprises, to creators can easily challenge crowdfunding. Life Design Crowdfunding Platform Wadiz announced a 'funding fee reduction policy' on the 8th, which allows makers from individuals to enterprises to choose diverse fee plans tailored to their needs and lower the barrier to entry for funding.
Starting from August 30th, this change reduces Wadiz's existing intermediary fees by up to 45%. In particular, when selecting the Light plan, you can use the service with the minimum fee of 5%. Excluding PG fees, this amounts to bearing costs in the 2% range.
Through this fee reduction, Wadiz strengthens its competitiveness within the platform market, and in particular, when selecting Basic and Pro plans, Wadiz has significantly expanded maker benefits by adding a '1:1 Project Manager Online Consultation Service' that helps with smooth operation of funding.
Additionally, makers unfamiliar with starting and operating funding can additionally select 'Official Partner Service' that supports content production and marketing for story content creation, and 'Advertising Service' for effective targeting of Wadiz's 4.8 million supporters, thereby increasing the success rate of funding. Also, when selecting the Expert plan, you can receive more detailed guidance on funding projects along with these benefits.
Behind Wadiz's significant fee reduction is the 'diversification of makers' using Wadiz.
With monthly visitors reaching 10 million on Wadiz, the purpose is to support individuals dreaming of starting a business, small business owners in need of funds, creators wishing to communicate differently with fans, institutions and individuals seeking Wadiz for philanthropic purposes such as donations and sponsorships, so that all makers can meet new supporters through funding and challenge more freely.
With this fee restructuring, Wadiz opens the door wide for anyone to easily enter funding and present products directly through offline showrooms (Wadiz Space), follow-up distribution after funding success (Wadiz Store), partnerships with brands with fandoms (IP business), to direct financial support (Wadiz Finance) - pursuing a direction where makers can start and grow together at Wadiz in a one-stop manner.
A Wadiz official stated, "This fee restructuring was designed to focus more on the essence of a crowdfunding platform where people with diverse values and preferences gather to create new value," and "Going forward, we will strengthen individual funding and lower the fee barrier so that anyone can challenge what they want through funding."