Sinam is a reward‑based crowdfunding platform that lets creators launch campaigns with customizable rewards and set funding targets. Contributions are held in escrow and released only if the goal is met, otherwise backers receive full refunds, while the platform takes a fixed commission on successful campaigns.
Funding
Funding not disclosed
Founders
Product
Problem
Creative individuals and small businesses often lack affordable, risk‑free financing options to develop and launch products, leading to delayed or abandoned projects.
Solution
Sinam is a Saudi‑based reward‑based crowdfunding platform that lets creators launch campaigns, set funding targets, and offer tangible or experiential rewards to supporters. The platform collects contributions from the public, holds the funds in escrow, and releases them to the creator only when the campaign reaches its goal. If the target is not met, all contributions are refunded in full. Sinam provides a transparent, commission‑based service that handles payment processing, campaign management, and compliance, enabling creators to test products, gather market feedback, and bring ideas to market without upfront capital or equity dilution.
Target Audience
Primary users are individual creators, startups, and small enterprises across creative sectors who need community‑driven financing, as well as supporters who wish to back innovative projects in exchange for exclusive rewards.
Features
- Free account creation and campaign setup with customizable reward tiers
- Escrow‑style funding model that guarantees full refunds if the goal is not achieved
- Fixed platform commission applied only to successful campaigns, covering payment processing and operational costs
- Support for a wide range of project categories (design, tech, food, games, fashion, media, etc.)
- Tools for creators to share campaign links, track progress, and communicate updates to supporters
- Ability to add or modify rewards and campaign details during the funding period
- Integrated contact channels (email, phone, WhatsApp) for creator assistance