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Crowdtilt Builds Fixed-Cost, Flexible Pricing into its Crowdfunding Platform

Crowdtilt Builds Fixed-Cost, Flexible Pricing into its Crowdfunding Platform

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Published by: Crowdsourcing.org on Aug 17, 2013
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08/17/2013

 
We have alreadydemonstratedtremendous success withour initial beta testing of Sliding Costs, with morethan 30 percent of Crowdtilt’s campaignscurrently using thistechnology”
August 15, 2013 11:54 AM Eastern Daylight Time
Crowdtilt Builds Fixed-Cost, Flexible Pricing into its Crowdfunding Platform
Sliding Costs” Feature Allows Real-Time Tracking, Adjustment of Per-Person ExpensesIdeal for Easy, Cashless Crowdfunding of Any Fixed-Cost Use Like Vacation Homes, Gifts, MealsSliding Costs Makes Sector’s Most Versatile Crowdfunding Platform Even More Viral
SAN FRANCISCO--(BUSINESS WIRE)--Crowdtilt, the most versatile technology platform for connecting people andpayments for group experiences, purchases and causes, today unveiled a new feature – Sliding Costs – which nowenables real-time tracking and adjustment of per-person contributions in fixed-cost crowdfunding efforts. Now, whengroups of people pool funds on Crowdtilt to reach a set price, such as for a vacation rental, Crowdtilt’s open, accessibleplatform instantly updates, lowers and displays per-person costs as the group grows. The new functionalities make iteasier and more engaging than ever for friends, co-workers and businesses to divvy up costs evenly. It also integratescrowdfunding further into common daily usage.“Crowdtilt is about empowering people with the technology to do more with every dollaryou spend, in any group situation,” said James Beshara, CEO of Crowdtilt. “With SlidingCosts, there’s no more hassle dividing up the price of a boat charter, wedding gift,vacation rental, new grill for the apartment complex or a projector for neighborhoodmovie nights even if you add friends at the last minute. It’s a perfect example of flexiblepricing: the more people you have contributing, the less you spend. And each transactionis tracked and visually documented on the site, which makes the experience of evenlysharing the cost faster, easier and more accessible.”Sliding Costs allows users to set a minimum number of people that must contribute to agiven fund. Once that goal is met, the funding requirement “tilts,” with each additionalperson lowering the total amount each group member has to pay. The site will then update in real-time to display not onlythe people participating but the lower per-person costs.“We have already demonstrated tremendous success with our initial beta testing of Sliding Costs, with more than 30percent of Crowdtilt’s campaigns currently using this technology,” continued Khaled Hussein, CTO of Crowdtilt.Crowdfunding interfaces shouldn’t just be about raising money – they also should be about connecting people toultimately lower costs. With this insight in hand, our team developed these new features which truly position us as themost powerful platform for groups to fund virtually anything.”Recently, Crowdtilt also brought online the following additional features:Comments – Whether they want to discuss crowdfunding progress or motivate people to reach their desired goal,
Crowdtilt Builds Fixed-Cost, Flexible Pricing into its Crowdfunding Plat...http://www.businesswire.com/news/home/20130815005858/en/Crowdtil...1 of 28/17/2013 10:15 PM

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