Wikipedia
Fondomat was an online crowd funding platform founded in 2011 by Joe Wakeford and Conrad Watts originally launched in Prague, Czech Republic then relocating to London, England in Pound Sterling. The website handled the administration of charitable donations and the funding of individual projects. Online fundraising tools were used to raise awareness of projects via social networks while enabling the electronic collection of donations. The company was dissolved in January 2015 with the founders moving on to run companies established using the crowdfunding methods originally employed by Fondomat.
Fondomat provided its service throughout the United Kingdom for individuals and companies wishing to raise money for various endeavours, creative projects and business start-ups. The site used the power of social networks and the wisdom of crowds to help fund these activities The concept gave charities a distinct advantage by offering a significantly lower cost way to raise money than traditional fund-raising methods. It is currently the cheapest to use on the market compared to those companies who offer similar services. For creative people, crowdfunding opens a door to a whole new world.