AUSTIN, Tex. - Until lately, there was no easy way to collect money online from a group of people. Now Fundable.com provides simple fundraising tools that allow people to collect money for projects from groups of people they know.
To use Fundable.com, a person creates a fundraising page, setting the amount to be raised and providing a description. Next, this person invites his or her social circle to visit the page and pledge money. Once enough pledges for a project have been secured, Fundable.com turns them into real payments and sends the total to the group leader.
No one takes a risk when making a pledge: if a project expires before reaching its total in pledges, Fundable deletes all pledges and never charges money. This allows people to participate in a fundraiser without worrying about what others will do. No one pays until and unless everyone else makes a pledge.
Group projects on Fundable are not limited to fundraising. Users have successfully collected money for
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