B-a-MedFounder - Submit Pledge

Submit Your Pledge

As an investor, how do I make a contribution?: After you enter your pledge amount in the dedicated field on our website, you can submit your pledge through MangoPay. In equity based projects, pledges will be submitted via MangoPay in the form of actual payments using credit cards (Visa or Mastercard) and such payments will be refunded in case 75 percent or more of the initial funding target is not reached by the funding target date. On a daily basis, you can follow the project’s pledge activity where you’ve made an investment.
What happens if the total pledged sums remain well below the initial funding target?: B-a-MedFounder is not an “All-or-Nothing" fundraising site. However none of the investors will wish to give their money if the initial funding target is not approached. The money is invested for the purpose of developing the new medical device idea and not for other expenses. However, when 75 percent of the initial funding target is reached by the end of the listing period, we will release the pledged funds after verifying that all necessary documents have been completed, and after our success fee and the MangoPay transaction fees have been deducted.

When 75 percent of the initial funding target is reached, we encourage the project owner to try to find additional investors, friends, and family members to invest in their project and reach 100 percent, and pay less success fees to B-a-MedFounder. (See the relevant question in FAQ). Although B-a-MedFounder will make more money if the total pledged sum remains between 75-99 percent of the initial funding target, we prefer to have the project owner collect the maximum necessary funds for his or her project, and that he or she is successful and comes back again for the next step of the project and look for additional funding through us.
Do investors and project owners have to use MangoPay?: Yes. Investors are required to use MangoPay to make a contribution to a project with their credit cards (Visa or Mastercard). Project owners are also required to have MangoPay e-wallets in order to receive funds after the successful completion of a project’s funding. B-a-MedFounder has an arrangement with MangoPay for the receipt and administration of pledges during a project’s funding period, as well as the disbursement of such pledges to the project owners at closing, assuming that the project reaches or exceeds its minimum funding threshold.