SAN FRANCISCO -- (BUSINESS WIRE) -- Crowdtilt, the most versatile technology platform for connecting people and payments for group experiences, purchases and causes, today unveiled a new feature – Sliding Costs – which now enables real-time tracking and adjustment of per-person contributions in fixed-cost crowdfunding efforts. Now, when groups of people pool funds on Crowdtilt to reach a set price, such as for a vacation rental, Crowdtilt’s open, accessible platform instantly updates, lowers and displays per-person costs as the group grows. The new functionalities make it easier and more engaging than ever for friends, co-workers and businesses to divvy up costs evenly. It also integrates crowdfunding further into common daily usage.
“Crowdtilt is about empowering people with the technology to do more with every dollar you spend, in any group situation,” said James Beshara, CEO of Crowdtilt. “With Sliding Costs, there’s no more hassle dividing up the price of a boat charter, wedding gift, vacation rental, new grill for the apartment complex or a projector for neighborhood movie nights even if you add friends at the last minute. It’s a perfect example of flexible pricing: the more people you have contributing, the less you spend. And each transaction is tracked and visually documented on the site, which makes the experience of evenly sharing the cost faster, easier and more accessible.”
Sliding Costs allows users to set a minimum number of people that must contribute to a given fund. Once that goal is met, the funding requirement “tilts,” with each additional person lowering the total amount each group member has to pay. The site will then update in real-time to display not only the people participating but the lower per-person costs.
“We have already demonstrated tremendous success with our initial beta testing of Sliding Costs, with more than 30 percent of Crowdtilt’s campaigns currently using this technology,” continued Khaled Hussein, CTO of Crowdtilt. “Crowdfunding interfaces shouldn’t just be about raising money – they also should be about connecting people to ultimately lower costs. With this insight in hand, our team developed these new features which truly position us as the most powerful platform for groups to fund virtually anything.”
Recently, Crowdtilt also brought online the following additional features:
Crowdtilt is the most versatile technology platform for connecting people and payments for group experiences, purchases and causes. Founded in 2012, the Company offers the fastest and most accessible online tools for group funding anything – from barbecues, to political campaigns, to startup businesses, to charity. For more information, visit www.crowdtilt.com.