CASE STUDY: FUND THE FIRST
Fund the First combats crowdfunding fraud with ID.me identity verification
Fund the First is the first verified crowdfunding platform that helps those who serve raise money during times of need. Built-in verification steps ensure online funding campaigns are legitimate and donors’ money goes to the intended recipient.
”Users know ID.me and that was a big benefit for us,” Robert explains. “When we say we partnered with ID.me, they understand the level of trust right away.
At the point of launching a campaign, users are prompted to verify their group as part of the first responder, military, nurse, medical provider or teacher communities.
When a campaign is complete and a recipient requests the funds, they must verify their identity as the beneficiary of the campaign.
Fund the First launched in July 2020 as the first verified crowdfunded platform, specifically for those who serve, their families, friends, non-profits and businesses alike.
“Our initial goal was to become a household name and reach $1 million in two years,” says Robert. “We’ve done that in Year One.”
In the first year, Fund the First launched 220 campaigns with over 5,000 users, 14,500 unique donors, and helped raise over $1.5 million for people in need.