Tag Archives: crowdfunding

New App helps pay for college

Speshh is mobile based. Image from Speshh.com
Speshh is mobile based. Image from Speshh.com

College is great. You meet new friends, get away from home, and live new life experiences but along with all that also comes the enormous debt you pile on semester after semester when you actually attended college. Some of us are lucky, we have great paying jobs which makes it easier to afford colleges and some of us even get scholarships to pay for the tuition, but not everyone is that lucky and needs assistance to pay for college and everything that goes with it.

That’s where Speshh comes in. Speshh is a crowdfunding app that helps college students raise money, all through an app. With Speshh, college students can ask their friends and family but if their goal is not met or looks a little low, Speshh gets involves by asking their business partners to help donate to your cause.

“We found that one of the main reasons that campaigns fail are due to not being shared enough with potential donators,” says Sibel Suleyman, Co-Founder of Speshh. “Speshh could call on business partners who may be able to fund the rest of the campaign with CSR money that is dedicated to this type of activity.”

What makes Speshh different from other crowd-funding sites, like Indiegogo or Kickstarter, is it is completely app based, making it easier for college students to use and access. Speshh is a lot like Kickstarter though, having an “all or nothing” funding behind is. This means that if you don’t reach your goal, then you get none of the money you raised which could be a turn off for students since Indiegogo lets you keep whatever you raise.

Speshh also has a percentage it keeps, like Indiegogo and Kickstarter, but at the beginning of your campaign, Speshh lets you know what the percentage is and works it into the money you need donated so there is no loss for you.

Currently this app is only available to college students, meaning you need an edu email address to register for the app and to begin campaigning.

Speshh is set to release in June 2015 but is currently testing out the app and allowing people to register early.