Decoding How to Build a Crowdfunding Platform Like GetStake in the UAE

Did you know the worldwide crowdfunding market will exceed $33.8 billion in 2025? With the immense growth and potential of crowdfunding, it’s the right time to start building an online crowdfunding app similar to Getstake. You may be an entrepreneur hoping to create an avenue for developing new ideas or an investor looking for new opportunities. Making a crowdfunding platform could be a profitable venture. Therefore, we are here to help you with a detailed entrepreneur’s guide.

With the increasing appeal of crowdfunding platforms like GetStake, users worldwide are searching for ways to put their money into lucrative real property ventures. GetStake, for instance, is a top property crowdfunding site that allows investors to make an investment in the most desirable rental properties for a minimum investment of $500. By creating an online crowdfunding platform similar to GetStake, You can also benefit from the growing market and provide investors with the opportunity to earn wealth by acquiring property.

In this post, we’ll discuss the steps needed to create the platform of your choice and offer suggestions about how to benefit from the growing marketplace that is the United Arab Emirates (UAE). From understanding the crowdfunding landscape to selecting the best development partner, we’ll walk on the path to creating an effective crowdfunding platform that can compete with Getstake.

What is a Crowdfunding Platform?

In essence, it is a service on the internet (web and mobile) that connects people or organizations with potential investors and backers. These platforms help entrepreneurs raise money for their projects by connecting them with a large number of people who could be interested in donating to their cause. Most of the time, these platforms receive part of the money raised in exchange for providing their service. They also offer additional tools that help users advertise their campaigns, manage funds, and interact with investors.

There are many types of crowdfunding platforms, including equity-based, reward-based, donation-based, and debt-based. Each platform functions differently and caters to certain kinds of ventures or investors.

Also Read : A Step-by-Step Guide to Building a Winning Investment App

Core Features to Create a Crowdfunding Website

A comprehensive set of functions integrated into your crowdfunding software development will benefit users and potentially generate monetization opportunities. When developing your crowdfunding Website, developers should establish the features below.

Welcome Page: This homepage is the equivalent of the first impression online. Additionally, it is relevant to the crowdfunding site. This part of the site is crucial since it outlines the main objective and a brief description of the campaign’s goals, mission, and objectives to potential customers. We encourage you to browse the site.

Log in and Sign Up: Registering via email or social media can sometimes be enough to finance projects across multiple websites. Anyone over 18 can contribute to or buy equity in the business without having to meet the requirements of a specific financial institution.

Search page: It is crucial to make it easier for investors to locate projects that meet their needs. This feature needs the ability to pick categories and define project deadlines. If you use the search page, brief description, photo, or video to promote your proposition, supporters should be aware of the length of the campaign and the amount raised.

Information About the Project: If they come across an appealing idea that fits the requirements, backers would like to know the plan. Crowdfunding platform developers must create tools to check the company’s background, incentive promises, estimated number of investors, an extensive presentation, and a plan for the project.

Statisticians and Analytical: Given the significant number of supporters supporting many campaigns, the crowdfunding platform must permit donors to track their investments regularly. A dashboard for analytics must contain the latest reports from projects to monitor their progress.

Payment Methods: Once the campaign ends or the goal is achieved, the funds are transferred to the fundraising organization according to the platform’s requirements. A campaign or business’s pledged funds are stored in an escrow account managed through the website until the campaign ends. The use of a variety of commonly used payment methods makes it easier to fund processes on a global basis.

User Profiles: Every user must have a profile that records their investments, contributions, and personal information. Profiles aid in building a community by displaying user activities and facilitating communication between backers and the project’s creators.

Social Sharing: Integrating social media share buttons and features enables users to share their work easily on social networks. This boosts visibility and may draw more supporters, increasing the effectiveness of the campaigns.

Also Read : Supercharge Your Startup: How MVP is Your Secret to Rapid Success!

Build a Crowdfunding Website: Where to Start

Launching a brand-new digital product can be daunting when you need clarification about how to begin. So, to create a successful crowdfunding website, you must follow a step-by-step method so as not to miss a crucial element. To make it easier for you, we’ve compiled an extensive guide to make you stand above the rest with an effective crowdfunding platform.

1. Find Your Niche

Websites and crowdfunding platforms that specialize in niches have gained more popularity. They are focused on specific niches, such as a product type, which allows them to accelerate their growth. Focusing on a particular area will enable you to distinguish yourself from other large crowdfunding aggregators and gain many backers and creators.

A niche-specific selection will allow you to distinguish your work from others and enhance the value of your fundraising efforts and supporters. Gathering creators and donors in the same field can attract more attention from similar users and is an excellent way to attract committed backers. As the graph shows, specific categories outdo other categories, which shows that niche selection is important.

Food and beverages, media, and technology hold top spots in equity financing. Be aware of these areas before building an online crowdfunding platform.

More specific niches, such as real estate, may need to be saturated. However, many other niches can work for you. The idea is to choose a niche that’s not yet established or to offer better terms and costs in the established segment.

2. Set a Goal

Crowdfunding websites are developed by making clear and attainable business goals. This requires establishing quantifiable guidelines to know whether everything is going exactly as it should. The standard choices are:

• Date of release.
• The features for implementation.
• The amount you plan to invest in the platform within the initial few months.
• Many of the backers or creators are actively involved with the app.

These specific goals will motivate you and your crowdfunding mobile app development company in Saudi Arabia to make visible accomplishments.

3. Build Communication

A crowdfunding platform with an active community can encourage investors to make more contributions. It’s more convenient and secure to invest in an individual they feel compassion for. However, fundraising platforms also offer more chances for investors to achieve their financial goals quicker.

Set out your vision, mission, and principles to start creating an engaging community. Let your audience know the goals you have set. Members of the community will enjoy sharing their ideas and drawing inspiration from those who are achieving noble goals.

Alternatively, creators and backers could share their success stories on your site. This would motivate them to make their ideas a reality. In addition, the ability to let users leave comments on the campaigns can encourage app users to ask questions or share ideas, which makes this platform more alive and real.

4. Provide More Reward Options

When creating a crowdfunding platform, you must consider the reasons for each backer. Some are hoping to obtain the products made by creators. Others expect equity shares or some other benefit for commercial purposes. But, some investors are motivated by altruistic motives.

Understanding your market will aid in evaluating the benefits of developing your crowdfunding platform because they are related to the platform you are in and also your intended market. In any case, investors should be offered various reward options to motivate the contributors to contribute more.

5. Ensure Security

When you develop a crowdfunding website, it is essential to provide security for your client’s sensitive information. Be aware of any suspicious actions and verify profiles. Then, block users from fraudulent campaigns, identify suspicious profiles, and protect investors’ funds.

The top platforms, like Getstake, have crowdfunding platform development teams that investigate suspicious movements, verify profiles, and ban users who don’t comply with the platform’s requirements.

Funders want to know that their money goes to the right place. So, when crowdfunding platforms are in development, you must comply with global rules.

• General Data Protection Regulation (GDPR)
• Gramm-Leach-Bliley Act (GLBA)
• Sarbanes-Oxley (SOX)
• Anti-Money Laundering (AML)
• Consumer Data Right (CDR)
• Know Your Customer (KYC)
• The Canadian Payments Act (C.P. Act)
• Payment Card Industry Data Security Standard (PCI-DSS)

For local restrictions, CDR regulates financial relationships in Australia; however, GLBA and SOX regulations are in place in the U.S. To comply with this, it is best to choose the best way to build a crowdfunding site, taking into consideration all rules and regulations, to create a crowdfunding site that stands out due to its reliability and trustworthiness. 

Creating a crowdfunding website can be easy with the latest technology and best practices strategies. Most importantly, experts are aware of the details of the process. A team of developers for crowdfunding websites will help you save time and avoid any problems that may arise in the future.

Also Read : How To Get Investors For Your Mobile App?

Types of Crowdfunding

Before you invest in crowdfunding website development, think about the kind of platform you’d like to develop. There are four types: donation-based, equity-based loans, reward-based, and loan-based.

Crowdfunding app development adheres to four major types: equity-based, reward-based, loan-based, and donation-based crowdfunding.

Now, let’s examine these crowdfunding options in greater depth.

1. Equity-Based Crowdfunding

When you set up a crowdfunding platform based on this model, fundraising organizations get funding from supporters who, in turn, become the owners of the companies they help. This type of sponsorship is most effective for specific companies, but it is not suitable for everyone.

Several successful crowdfunding platforms include Getstake, which mainly collaborates with reputable startups from the Bay Area, and EquityNet, which assists creators in need of funding for their seed projects and debt. One more example is CrowdFunder, which cooperates with venture capital-sponsored early-stage startups.

2. Loan-Based Crowdfunding

In this case, the platform is an intermediary between the creators and the donors. Fundraisers receive the money they need to start projects. Later, backers receive their money back with the agreed-upon interest.

For instance, you could build a crowdfunding platform such as CapitalRise in the U.K., focusing on real estate projects. They promise up to 12% in returns for investors who opt to finance these projects, and it is an excellent option for banks that offer greater return percentages. Additionally, Peerform is a platform operating on an underlying loan model specializing in refinancing credit card debt and consolidation.

Also Read : What is an Elevator Pitch? Mastering Startup Funding with a Compelling Pitch

3. Reward-Based Crowdfunding

The idea is that fundraisers can raise funds to help them develop their ideas by offering their goods or services. Creating a crowdfunding platform with an incentive-based model provides enough creative freedom to creators because it could range from a t-shirt that features the company’s logo to a character after a specific publisher or sponsor of book publishing.

Let’s examine Getstake as an illustration of a crowdfunding platform developed using these types of models. It was founded in 2013 and has earned more than $56 million in the last few years. Getstake ranks at the top in the overall rating of all crowdfunding platforms around the world, helping startups and small-scale companies receive approval for their concepts.

4. Donation-Based Crowdfunding

This model is very easy to implement since donors invest in the creation of ideas without receiving any exchange. By using this model, donors can fulfill their altruistic urges.

Getstake is among the most famous examples of how to build crowdfunding websites with a donation-based model. The site entices its users to support non-profit organizations to improve the world for people who require financial assistance.

When selecting a crowdfunding app to develop a contribution system, note the unique features of your particular platform and pick the one that best fits your specific niche the most effectively. An investment-based model will not be the best choice regarding services for artists and artists since it involves sharing copyrights with supporters. However, creating a crowdfunding site for companies is possible based on the demand economy. This model could be a good alternative.

Also Read : What is the cost to build a mobile app in the UAE?

Cost of Developing a Crowdfunding Platform such as Getstake

The process of creating crowdfunding platforms can range from 10,000 USD to 4000 USD, depending on various variables. Let’s examine these elements in detail to give you an idea of what it takes.

Features to be Included

The bulk of the cost is based on the features you wish to add to the platform. Features similar to those mentioned in the blog are standard and will cost less than features that are exclusively available to this platform and haven’t been offered on any other platform before.

Techstack

The price also varies based on the platform you choose when creating a crowdfunding platform. Selecting a native and proprietary technology such as ASP.net on web-based platforms or Kotlin or Swift for mobile applications will be more expensive than open-source and cross-platform technology such as PHP, Python, React Native, ReactJS, and others. They are all cross-platform. You only have to create the code once, which can be used across multiple platforms: iOS, Android, Windows, and many more.

Onshore team vs. Offshore team

If you choose to hire local developers, the cost will be much more than the teams in a country. Find the best mobile app development company in Dubai that can provide top-quality development for a reasonable price.

Pricing for Crowdfunding Website Development

The cost to develop a mobile app in Saudi Arabia typically falls under one of the categories below:

1. Basic Website: $500 – $2,000

Ideal for crowdfunding platforms with a small scale that provide essential features, such as user registration and project submission, as well as basic campaign management and donation processing. Utilizes pre-built templates or modifications to the existing scripts for crowdfunding.

2. Intermediate Website: $2,000 – $10,000

Ideal for smaller crowdfunding platforms that require additional functions such as advanced campaign management project categorization, user profiles, social integration Secure payment gateways and a responsive design. Flexible features that can be customized for projects, communication with donors, and Integration with various social networks.

3. Advanced Website: $10,000 and Above

Ideal for crowdfunding sites with large numbers of participants that require sophisticated features like multi-currency support, custom rewards and goals for fundraising, automated email notifications, real-time analytics, and administrative dashboards. 

Customized development that is scalable for handling large volumes of traffic, strong security measures in compliance with financial regulations, and APIs from third parties to facilitate processing payments and managing data.

Also Read : How to Create a Money Lending App: Funding the Future By Making Lending Easy!

How Do Crowdfunding Platforms Make Money: Monetization Models?

Niche-specific platforms and crowdfunding sites are becoming more popular. Their success is due to the fact that they focus on a specific market segment or product type. They aid business owners are standing out in a sea of crowdfunding aggregators. It’s similar to the rise of cryptocurrency, which wouldn’t have been possible without a specific entrepreneur initially.

It’s recommended that you determine the business model you want to pursue prior to establishing the crowdfunding platform. Many companies choose to develop a crowdfunding platform and charge fees to use their service. Although this is a very popular method, it’s not the only way to make money off your website. You can select the most lucrative method of the four main strategies below.

Paid Features or Services: You can charge customers for access to premium features of your crowdfunding Website or provide customers with additional, specific services to make money. An example of this is designing and managing presentation materials. Another instance is campaign marketing administration. You can also provide the contributors with full profiles that contain detailed statistics on their campaigns.

Commission: It is the most popular source of income for new crowdfunding platforms, which proves its effectiveness. The creators don’t pay charges until the funding goal is achieved; at that point, the platform will earn a fee. The cost to build a real estate app average is 5%, but it could range between 2% and 20% based on the specifics. If you’ve decided to go with this method, your crowdfunding site will require a steady number of campaigners and patrons.

Advertisement: Incorporating this type of monetization is an excellent method of earning extra money during the crowdfunding process. You can enhance the site by advertising third-party products and services.

Campaign through this business method promotion: Fundraising campaigns may require a lot of time to achieve their goals, leading them to fall in search results as newer campaigns become available. To ensure that campaigners maintain their visibility and draw more supporters, it is possible to offer an ad-hoc service that promotes their running campaigns and ensures they remain on top of the results. Selecting the most efficient revenue model that works for your clients and you depend on the system chosen.

Also Read : How Much Will Mobile App Development Cost in 2025?

Factors that Affect the Development Cost

You’ve decided to start your crowdfunding platform to help people raise funds. You might be overwhelmed by potential opportunities and the ongoing development process. We ask that you slow down a little. Your success is contingent on several crucial factors that must be considered before starting the primary creation and design process.

1. Basic Features

The basic features are ideal for creating a minimum viable item (MVP). Here’s what you can include:

• Management and creation of projects: Let project managers develop, manage, and update their projects through the platform.
• Accounts for users: Users can create profiles, log in, and manage their data.
• Project discovery: Users can explore and look for projects with basic filters and sorting options.
• Payment processing: It allows supporters to pay the project’s creators and manage the payment process.
• Updates on the project Updates on the project’s progress will keep backers updated.
• Security Secure: Ensures the system is safe and conforms to relevant security regulations and standards.
• Customer support: Establish a customer service system to respond to requests from project creators and supporters.
• Analytics: Campaigners must track the most basic indicators, such as the number of projects completed, the amount of money collected, and the number of supporters.
• Legal compliance: Ensure the platform conforms to the relevant legislation and rules.

It’s crucial to remember that an MVP should be geared towards providing benefits to the user instead of focusing on expanding every possible feature. It should also be user-friendly, developed, and planned to allow for future upgrades and enhancements.

2. Advanced Features

After the MVP is praised, Once you have received positive feedback, you can include more functions for the MVP. Here are some options for you to think about:

• Social media integration: Social media integration is a powerful tool in the promotion of crowdfunding campaigns, so social media integration must be a part of a complete crowdfunding platform.
• Payment Processing: Platforms for crowdfunding that automate payment processing may offer this feature, making it easier for donors to donate to a project and for fundraisers to manage their funds.
• Investor relationship/Community management: Some platforms enable project creators to maintain relationships with their backers and update them on the project’s progress.
• Direct Messages/ Comments: Supporters who want to send direct messages or leave comments may send messages directly to the campaign’s creator or leave comments in the article to make an even stronger connection with the campaign.
• Support and Coaching for Fundraising: Giving fundraising coaching and assistance to campaigners will help them create more successful campaigns and increase their odds of success.

These tools help users design efficient campaigns and create the best experience for everyone.

3. Additional Functionalities

You could add more features to improve the platform and make it more noticeable. This isn’t essential for a platform like this, but it could make a great addition to future updates. Some possible solutions include:

• Community building tools
• Referral programs
• Artificial Intelligence and Machine Learning
• Escrow services
• Collaboration tools
• Translation and localization services

These capabilities will help you stand out in a highly competitive marketplace and provide greater worth to your users.

Conclusion

Creating a crowdfunding platform like GetStake presents a revolutionary opportunity to change the current real estate investing industry. By providing people with access to the best rental properties and enabling investors to build wealth over time, your crowdfunding platform could unlock new investment opportunities. Through careful planning, strategic partnerships, and a keen attention to user experience, you can create a successful crowdfunding platform that draws investors and boosts the growth of the startup community.

One of the significant advantages of a real estate crowdfunding platform such as GetStake is the capacity to give projected returns for investment and calculate investment returns. These tools enable prospective investors to make educated decisions based on their estimated returns in relation to the amount they want to invest. The transparency and tools you provide within your platform create confidence and trust, thus drawing more customers.

Considering the financial resources and time frame required for establishing the crowdfunding platform is essential. The right financial resources are required to pay for development expenses, employ a skilled development team, and ensure a seamless launch. Furthermore, having a well-planned schedule that covers the development of concepts, design, development, testing, and marketing is essential to ensure a top-quality platform within a reasonable amount of time.

When it comes to transforming your vision into a reality, Techugo, a leading mobile app development company in UAE emerges as an ideal partner. With a proven track record in delivering cutting-edge technology solutions, Techugo possesses the expertise and resources to guide you through the entire development process. Their team of skilled developers, designers, and project managers will work closely with you to create a crowdfunding platform that not only meets but exceeds your expectations. By partnering with Techugo, you can leverage their expertise to create a crowdfunding platform that stands out in the competitive market and attracts a loyal investor base. Contact us today!