Kitabisa - Startup Istanbul 2016 Finals

Summary

Kita Bisa is a crowdfunding platform for social projects that makes fundraising easier, viral, and transparent. Founded by a passionate team, they helped individuals like Roger, an airtime dealer, fund his dream of going to Makkah by creating a campaign in minutes. Since its full-time launch in 2015, Kita Bisa has raised funds for various causes, including medical bills and disaster relief. With the support of high-profile organizations, the platform has reached millions of donors, tapping into Indonesia's zakat market. Backed by investors and committed to creating a positive impact, Kita Bisa aims to foster global kindness through crowdfunding.

Takeaways

• 😀 Kita Bisa is a crowdfunding platform for social projects, empowering individuals to raise funds for various causes.
• 😀 The platform allows users to create fundraising campaigns in minutes and receive online donations easily.
• 😀 In one case, a user raised three times her target in less than a week by using Kita Bisa's platform.
• 😀 Kita Bisa simplifies fundraising by making it viral, simple, and transparent, helping social projects gain visibility.
• 😀 The platform supports various causes, including medical bills, education, and disaster relief.
• 😀 Kita Bisa transitioned from a volunteer-run project to a full-time operation in mid-2015, experiencing significant growth.
• 😀 The platform charges a 5% fee on donations collected, with additional charges for promotional services.
• 😀 Kita Bisa is a sustainable impact-driven startup with backing from 500 startups and early investors from major industries.
• 😀 40% of donations come from repeat donors, with many using the platform for zakat (charity donations).
• 😀 With over 200 million Muslims obligated to give zakat, Kita Bisa has the potential to tap into a market worth $20 billion.
• 😀 The team is ambitious and plans to expand into Southeast Asia to reach even larger markets.

Q & A

What is the name of the company mentioned in the script?

The name of the company is 'Kita Bisa'.

What does 'Kita Bisa' mean in English?

'Kita Bisa' means 'We can' in English.

What type of platform is Kita Bisa?

Kita Bisa is a crowdfunding platform for social projects.

Who is Roger and what is his story?

Roger is an air time dealer in campus who had a long-held dream of going to Makkah. He created a campaign on Kita Bisa, which helped him raise funds quickly.

How did Pasha's campaign succeed?

Pasha created a fundraising campaign on Kita Bisa, and within a week, she raised three times her target through online donations.

What makes fundraising on Kita Bisa unique?

Fundraising on Kita Bisa is made viral, simple, and transparent, which helped raise funds quickly for various causes.

What types of causes does Kita Bisa support?

Kita Bisa raises funds for a variety of causes including medical bills, education, and disaster relief.

How does Kita Bisa generate revenue?

Kita Bisa charges a 5% fee on all donations collected and additional charges for promotional services.

Who are some of the major users of Kita Bisa?

Kita Bisa is used by a range of users, including Red Cross, major zakat organizations, media groups, celebrities, and politicians.

What is the market potential of Kita Bisa in terms of donations?

With 200 million Muslims required to spend 2.5% of their income for charity, the potential for donations is estimated to be $20 billion.

How is Kita Bisa planning to expand its market?

Kita Bisa plans to expand into Southeast Asia, which will further increase its market potential.

Who are some of the investors behind Kita Bisa?

Kita Bisa is backed by 500 Startups, with early investment from the CEO and founder of one of Indonesia's largest C2C marketplaces.

What is the core belief of Kita Bisa's team?

Kita Bisa's team believes that kindness has no barrier, and they are committed to crowdfunding a better world together.