KhmerCare, a new crowdfunding platform for charity and social enterprises, has launched in Cambodia, offering a transparent and efficient way for donors to contribute to local causes. The platform was developed by Pathmazing to assist in addressing the funding gap for charities and early-stage impact-driven businesses by allowing enterprises to raise capital through crowdfunding.
KhmerCare’s founder and CEO, Steven Path, said at the launch ceremony that, “the platform was designed to support local causes and help loved ones in need of financial aid. The online platform is powered by a trusted and fully-transparent system to drive immediate change and positively impact people’s lives. Path added that its easy-to-use interface and secure payment system ensure it is simple for users to donate in seconds and track their impact in real-time.”
The launch event was attended by notable figures including:
H.E. Dr. Chea Serey, Co-Founder of the Raksa Koma Foundation
H.E. Vath Chamroeun, Secretary-General of CAMSOC
Mr. Scott Neeson, Founder of Cambodia Children’s Fund
Lok Oknha Vattanac Sam Ang, CEO of Vattanc Brewery
Ms. Melanie Mosard, CEO of Impact Hub Phnom Penh
Mr. Steven Path, CEO and Founder of Khmer Care
Cambodia has largely remained out of the crowdfunding market until now, as Cambodian bank accounts are not eligible to create accounts nor receive money using the traditional international crowdfunding platform such as GoFundMe, Kickstarter, and Indiegogo since Stripe doesn’t recognize Cambodian bank accounts.
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Source: Cambodia Investment Review
Publication: 20th February 2023