Piggybackr

Updated on Dec 26, 2024

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Key people Andrea Lo, Founder Founded 2012 Type of business Crowdfunding		Website www.piggybackr.com Key person Andrea Lo

Revenue 325,000 USD (through April 2013) Headquarters San Francisco, California, United States

Piggybackr andrea lo tips for youth crowdfunding

Piggybackr is a US crowdfunding website for students and youth teams to fundraise for their schools, projects, and causes online. It is compliant with the American Children's Online Privacy Protection Act, meaning that children as young as 5 can run fundraising projects on-line. Backers of projects can post public comments, but cannot communicate directly with the children posting projects. Children under the age of 13 must have parental involvement with their projects. Piggybackr charges a flat 5% + 30 cent transaction fee for any donations processed through the platform.

Forbes interview with piggybackr ceo andrea lo and more

Description

Piggybackr has been described as “Kickstarter for students.” Unlike Kickstarter, children offer "thank you gifts" including advertising for companies, such as committing to running a lap, putting a business' logo on their page, or giving someone a shout-out on Facebook.

History

Piggybackr was founded in 2012 by Andrea Lo and Keenahn Jung. It was launched out of the AngelPad accelerator. Andrea Lo's 12-year-old sister had just begun to fundraise the year before, in the same way that Lo did 10 years earlier as a child. Lo spent about a year developing a way to fund raise for children that used Facebook. After another year of private beta, Piggybackr launched nationwide on April 17, 2013 with over 1,500 projects and $250,000 raised by kids. The website's customers include national and regional chapters of youth organizations like FIRST robotics and YMCA. Andrea said that the biggest challenge they have faced is catering to a large age range on the site.