PayPal Pledges to Overhaul Approach to Crowdfunding

PayPal Pledges to Overhaul Approach to Crowdfunding

PayPal this week promised to review how it handles crowd-funding efforts after several projects had their funding frozen by the online payment service. In a blog post, PayPal said that crowd-funding campaigns – made popular in the past year or two by services like Kickstarter and Indiegogo – are a new concept and therefore “potentially open to abuse.” “PayPal has a responsibility to ensure that the system remains...

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NANA: A café for nanas, run by nanas, seeks crowd-funding

NANA: A café for nanas, run by nanas, seeks crowd-funding

The crowd-sourcing website Kickstarter has been used to fund everything from a giant flammable brain at Burning Man festival to life-changing orthopaedic limbs for stroke victims. Now a social enterprise in east London is using the site to raise £15,000 to open a “NANA” café run by “lovely” older  ladies, for other older ladies. The NANA Comfort Food and Craft Café in Clapton, east London, will be housed in a derelict Victorian...

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