Crowdfunding platform Beauty Backer LLC has launched COVaid, which is a zero-fee, donation only category, available to small businesses, entrepreneurs and startups experiencing financial hardship due to COVID-19.
COVaid is available to businesses of all industries and Beauty Backer is waiving its fees on contributions made through the new COVID-19 support category.
Through the launch of COVaid, Beauty Backer is aiming to help keep businesses afloat during the economic downturn relating to the COVID-19 pandemic. According to the company, businesses that qualify for government aid may not see it for several months.
By setting up a crowdfunding campaign through COVaid, businesses can immediately begin collecting donations.