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The Republic Crowdfunding Platform
Understanding The Republic Crowdfunding Platform — For Founders
Republic is one of the top leaders when it comes to equity crowdfunding. As a founder looking to raise capital for your business, you should understand how the Republic platform works before using it for your campaign. In this article, we will explore how the Republic platform works, specifically for founders.
A Brief Overview of Republic
Before now, crowdfunding was limited to only investors with a high net worth. But, in recent times, crowdfunding has become open to all and any type of investors through the legalization of equity crowdfunding. This is what gave rise to the inception of companies like Republic. Republic provides investors with the opportunity to invest in highly-vetted investment opportunities like real estate, startups, crypto, and video games.
What Does it Take to Become a Founder on the Republic Platform?
The process of application shouldn’t take more than five business days. To become a founder on the Republic platform, you go through the three-step application process. The process will involve submitting details like the company’s founders, the mission, product and services, business model, social impact, proven traction, and many more.
It is worthy to note that the application process is very competitive. Republic boasts of doing their due diligence of accepting only companies with high growth potential. Often, less than 5% of applications are accepted.
What are Republic Fees?
The Republic fees structure is as follows:
● 6% of the total capital raised
● Additional 2% for campaigns that use Crowd SAFE
● 2.5% as a processing fee for payment made via credit cards.
● An additional cost of filling out a Form C might be incurred. This can cost about $1,500
● An additional cost of setting up an escrow agent. It could amount to about $1,500
Republic fees are a bit high when compared with other crowdfunding platforms.
