Fundwise fee is 5% of the total amount of funds raised, but minimum of 1000 euros if the campaign a) reached at least the minimum target and b) from the total amount of funds raised within 90-day period after the campaign was closed or removed from the site. VAT applies to all prices. We invoice the fee immediately after the closure of a successful campaign.
If the campaign did not reach its minimum target on our platform, but did so during the 90-day period after the campaign was closed (spillover effect), then we have a right to invoice and receive payment. In that case our fee is the same, 5% of the funds raised, minimum of 1000 euros + VAT.
In addition to the use of platform and equity crowdfunding model our service includes also our consultancy, legal advice, campaign marketing and project management up to 30 hours. Additional hours are billed at an hourly rate of 70 euros + VAT.
In case of the non-payment of the service fee Fundwise has the right to request and the entrepreneur has the obligation to pay an interest of 0.5% of the total amount of the service fee for each delayed day.
If the entrepreneur fails to comply with the obligations set out in the Terms and Conditions, Fundwise has the right to require the entrepreneur to pay a penalty fee of up to 15 000 euros plus VAT within 5 days of the requirement.