Mode of Operation

The operation of Warasse, your crowdfunding platform, is based on a simple and transparent structure that enables project owners to raise funds and investors to support initiatives they care about.

 

1. Registration and Account Creation

1. User Registration:
    
   • Anyone wishing to use the platform must register by providing valid information (name, email address, phone number, etc.).
   • Email verification is conducted to validate the registration.
2. User Categories:
    
   • Project Owners are Individuals or entities who create and launch fundraising campaigns.
   • Investors are Individuals or entities who support projects by contributing funds.

 

2. Campaign Creation and Management

1. Creating a Campaign:
    
   • Project owners must submit a detailed description of their initiative, including  business plan, objectives, budget, and deadlines.
   • Visual elements (images, videos) can be added to enhance the presentation.
2. Campaign Approval:
    
   • All campaigns are reviewed by the Warasse team to ensure compliance with the platform internal rules before being approved and published.
3. Campaign Duration:
    
   • Project Owners determine the duration during which their campaign will be active.
4. Monitoring Contributions:
    
   • A dashboard is provided to track the funds raised and the progress of the campaign in real-time.

 

3. Supporting Projects

1. Exploring Campaigns:
    
   • Investors can browse available campaigns by category or using search filters.
2. Making Contributions:
    
   • Once a project is selected, Investors can provide funds (donation, equity, lending, etc.) through the available payment methods (credit cards, mobile money, bank transfers).
   • Transactions are secured through trusted payment partners.
3. Investor Engagement:
    
   • Investors receive confirmation of their participation and can leave messages or encourage the project owners.

 

4. Use of Funds

1. Funds Release:
    
   • Once a campaign is successful (goal achieved), the funds are transferred to the project owner after deducting Warasse’s service fees.
   • If the campaign fails (goal not achieved), investors may, depending on the refund policy, receive a full or partial refund.
2. Monitoring and Reporting:
    
   • Project owners are required to provide regular updates on the progress of their initiative to ensure transparency.

 

5. Fees and Commissions

• Warasse applies a commission on the funds raised to cover the platform management and maintenance costs.
• Fee details are communicated prior to the creation of each campaign.

 

6. Assistance and Support

• A support team is available to address user questions and resolve technical issues.
• Users can contact us via:
  • Email: support@warasse.com
  • Phone Number: +49 .............