Crowdfunding site to return donations in fraudulent cases

Since it was started six years ago, the website has handled over 170 fund-raisers. It has not had a single case of fraud because of a three-step verification process it applies.
Since it was started six years ago, the website has handled over 170 fund-raisers. It has not had a single case of fraud because of a three-step verification process it applies.PHOTO: SCREENGRAB FROM ROHI.SG

Crowdfunding site, Ray of Hope Initiative, said that from Oct 1 this year, it will return donations in full if any of its fund-raisers turns out to be fraudulent.

It is the first crowdfunding website in Singapore to offer a "donation back guarantee".

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A version of this article appeared in the print edition of The Straits Times on September 13, 2018, with the headline 'Crowdfunding site to return donations in fraudulent cases'. Print Edition | Subscribe