Nature of Business: Information & Communications
Areas of Impact: Provision of economic tools and services (e.g. financial access, crowdfunding, ecommerce)
Raffles Place Technologies is an online platform which aims to help small charities with limited resources fundraise more easily, effectively and sustainably than currently possible. We do this by connecting registered charities with property developers to create online donation draws with luxury condos as prizes, thereby making it possible to raise millions of dollars with a single event.
By putting more funds in the hands of our trusted partners, and enabling them to expand the scope of their operations, we seek to help cultivate a more caring and inclusive society for all.
Products & Services
Raffles Place is a recognised social enterprise trying to solve the charity sector’s biggest problem (i.e. fundraising) by using the luxury sector’s biggest problem (i.e. inventory). Our platform connects registered charities with the creators/owners of luxury assets and conducts donation draws, selling raffle tickets online. We combine the successful business models of platforms like Omaze in the US with the proven popularity of prize raffles in the UK, Australia and North America, to raise both money and awareness for worthy causes. Our initial focus is on Asia because the region is well-known for its obsession with luxury homes, cars, etc. and games of chance, but equally notorious for a lack of charity and philanthropy in its culture - and that is something we want to help change.