Korean Startup Wadiz
Korean startup Wadiz call themselves as “Trust Capitalist Group.” It is a platform where small businesses who have no stocks listed on KOSDAQ, or KOSPI can collect funds through the public. In addition, their value and culture are clear and specific. Furthermore, they define their company as a place where people with upright mindsets can correlate with each other and create growth through valuable investments and consumption.
What Wadiz does
Wadiz facilitates crowdfunding. Crowdfunding is collecting funds from the public on a social network platforms without using financial institutions. There are 4 types of crowdfunding.
Reward type: (sponsor type) those who contributed the money can receive products or services in response.
Investment type: (equity investment type) those who contributed the money in this type can receive equity or bonds in response.
Loan type: P2P loaning is in this case. Through a small amount of loaning, individuals or small business owners can pay the money back.
Donation type: without the conditions for rewards, money is contributed as a donation.
What makes Wadiz Special
Among the four types listed above, Wadiz does reward type and investment type. Furthermore, there are several benefits of Wadiz.
In the investors’ prospective,
- The tax rate imposed on revenues is much lower. (at least 10% lower than a P2P type of crowdfunding)
- Here at Wadiz, investors can choose to whom they would contribute money to. They can look at the business models of each startup or entrepreneur who needs money.
- You can easily do funding. It makes funding like shopping, fast and easy.
In the companies(consumers) prospective,
- Companies who succeeded through crowdfunding and met some conditions can list their stocks at KONEX as special cases.
- You can get benefit in terms of income tax deduction.
It takes less than 5 minutes to be a Wadiz member. Join Wadiz and get your revenue easily.
