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Everything you need to know about Crowdfunding
01/11/2019
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Dominic Speelman
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What is crowdfunding?

Crowdfunding is where a large number of people pool their money together to back a business they believe in, usually pledged via an online platform. buyfair is equity crowdfunding, which means that each investor will receive a share in our business with the potential to make a profit when the business is sold. More information on crowdfunding can be found here.

Why is buyfair crowdfunding?

We're crowdfunding to raise money and awareness of the scale of the overstock problem and to help businesses find the buyfair solution.

With your help, we'll then grow into different industries in different countries allowing us to help more sellers and buyers rethink, reduce and repurpose even more product.

Why should I invest?

There is $3 trillion in global overstock, £5 billion in the UK alone. This has reached a critical mass and buyfair have the solution disrupting how product is purchased and sold globally. We’re on a mission to rethink, reduce, and repurpose product to create a more sustainable future.

Do you care about the environment?

Do you believe it’s wrong for brands to burn, destroy or send to landfill millions of pounds worth of new product just to protect their image?

Do you think buyers and sellers should get a fair price?

If you do, buyfair is the platform for you.

What are buyfair's achievements to date?

We are only in our second year of trading and have already generated huge achievements. These include over 140 premium brands selling on buyfair to over 600 buyers. Not to mention being the worlds first B2B multi-lot auction marketplace with a patent-pending for the multi-lot algorithms.

How are we different from the rest?

How can I invest?

For our campaign, we’re partnering with Crowdcube, a crowdfunding platform. You can find our pitch, here.

Who can invest?

To invest in our future and help fund buyfair you must be over 18 years old and legally entitled to invest. Unfortunately, we can’t advertise investment opportunities to those living in the United States, Canada, Japan or any other country where it would be unlawful for our pitches to be advertised. If you would like to participate find our pitch here and secure your investment today.

When is the campaign running?

We launched on 15th November and will be open for 4 weeks. Please note, once we have reached our target, we will close early so be sure to get in quick!

Who else has invested in buyfair?

Our current investors include a wide range of individuals from varying industry backgrounds including; Deborah Spencer, a design entrepreneur with more than a decade's experience launching critically-acclaimed exhibitions in the art and design sector and Simon Berger founding partner of designjunction, FUTR and IM2. 

What is Crowdcube?

Crowdcube is a crowdfunding platform for start-ups and growing businesses. Crowdcube enables individuals from all walks of life to invest in companies they believe in for a return of shares in the company.

How can I make money out of this investment?

Shareholders will receive a return on their investment if there is a share sale event, such as an IPO (launching onto a stock exchange), a trade sale (sale to another company), or a share buyback.

How much can I invest?

From as little as £10 you can invest in buyfair and own a share of the business. There is no limit on the maximum amount you can invest in buyfair. Secure your investment here!

Do I get a reward for investing other than my share of buyfair?

We’re offering exclusive rewards to each one of our investors depending on the amount pledged:

  • Individuals who pledge anything between £10 - £10,000 will have their name written on our buyfair backers' wall in buyfair HQ so every day we can all see the amazing individuals who believe in our mission just as much as we do. 
  • For individuals who pledge £10,000 - £20,000, of course, appear on the buyfair backers wall as well as being invited to drinks with the buyfair founding and management team along with a Q&A where you can rack our brains as much as you like. 
  • Nothing will ever be able to express our thanks and gratitude for individuals who pledge £20,000 or more but we will try by including you on the buyfair backers wall, inviting you to dinner and a Q&A with the buyfair founding and management team as well as gifting you ordinary shares with full voting rights so your voice can be heard.  

Do you still feel like you need to know more? 

If you still feel as if you want to know more about buyfair, our crowdfunding campaign or our team then you can arrange a call with me, Dominic Speelman the CEO & co-founder of buyfair. Click here, to book an appointment. Alternatively, head to the discussions board on crowdcube and we will answer your questions as quickly as possible.

Thank you so much to everyone who is already supporting our crowdfunding campaign. The team at buyfair have been working hard to get this campaign off the ground and we are delighted you have chosen to join us on this journey. We truly value your support in helping us get closer to achieving our goal. We feel confident we will reach our target in the next few weeks and so will be in touch in due course.

All the best,

Dominic and the rest of the buyfair team. 

Please note, investments of this nature carry risks to your capital. Please invest aware.

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