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. PHOTO: SCREENGRAB FROM ROHI.SG
New: Gift this subscriber-only story to your friends and family

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".

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

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. Subscribe