About

KickAndBoost

About KickandBoost

What is KickandBoost?

KICKANDBOOST is the first B2B participative funding platform for services and intangible assets.

It connects communities of buyers and sellers. It is a marketplace that manages - as a trusted third party, the complex B2B transaction flow (order forms, invoicing, the different VAT rates…)

What are the types of projects that can be found on KickandBoost?

All the intangible goods and services sold and bought by businesses.

They can be: software, training modules, mobile applications, market studies, translation services…

The sellers pre-fund their projects so as to cover development costs, limit the risks of unsold articles and avoid lowering their capital stock.

The buyers back the projects they are interested in while maintaining their anonymity and benefit from a deliverable at a reduced rate.

How does it work?

Registering for an account is free. There is no subscription.

Every buyer has to register on KickandBoost but their anonymity is preserved. They can fund projects they are interested in without disclosing their identity.

Any seller that registers on KickandBoost has to fill out a form and provide all the information pertaining to their company. They will be asked to provide documents so as to prove the reality of their economic activity: proof of registration, copies of the articles of incorporation of the company, copies of the legal representative’s ID…

Once their status is considered valid, the sellers can propose their project (market studies, software, training…) and mention the budget they wish to obtain as well as the compensation they wish to grant to the people who pre-funded said project.

Example 1:

A seller wants to develop a specific training course in change management that will be provided via a mobile application. The development cost is estimated at 40,000 € excluding tax. Then, this training course will be sold 4,500€ excluding tax for the gray label license and 9,000€ excluding tax for the unbranded license.

KickandBoost’s percentage has to be taken into account. It amounts to 15% excluding tax (18% all tax included).

48,780€ is the sum the seller wants to raise on KickandBoost to cover their costs. It corresponds to: 40,000€ + (18% x 48,780€)

In order to reach that, they will offer the interested buyers to pre-fund it for the price of 3,000€ excluding taxes for the grey label license and 6,000€ excluding taxes for the unbranded license.

That way, the seller covers their development costs while those who pre-funded the project benefit from a reduced rate that amounts to 66% of the final sale price.

Example 2:

A seller wants to conduct a market study on Blockchains in the automotive sector. The development cost is estimated at 20,000€ excluding tax. Then, this study will be sold at the price of 2,000€ excluding tax for the single-user license and 4,200€ excluding tax for the company license.

KickandBoost’s percentage has to be taken into account. It amounts to 15% excluding tax (18% all tax included).

24,390 € is the sum the seller wants to raise on KickandBoost to cover their costs. It corresponds to: 20,000€ + (18% x 24,390 €)

In order to reach that, they will offer the interested buyers to pre-fund it for the price of 1,000€ excluding tax for the single-user license and 2,100€ excluding tax for the company license.

That way, the seller covers their development costs while those who pre-funded the project benefit from a reduced rate that amounts to 50% of the final sale price.

What is the KYC (Know Your Customer) process?

KickandBoost is compliant to a set of legal obligations in order to fight fraud, money laundering and financing of terrorism.

In order to use all the features of the platform, you have to upload the following documents:

  • IDENTITY PROOF: ID Card or Passport or driving licence for UK, USA and Canada (a passport is required outside of SEPA area). This document should refer to the individual duly empowered to act on behalf of the legal entity
  • ARTICLES OF ASSOCIATION: Certified articles of association (Statute) - formal memorandum stated by the entrepreneurs, in which the following information is mentioned: business name, activity, registered address, shareholding…
  • REGISTRATION PROOF: Extract from the Company Register issued within the last three months. In the case of an organization, this can be a proof of registration from the official authority
  • SHAREHOLDER DECLARATION : individuals or legal entities owning directly or indirectly 10% or more of the shared capital of the company
Identity proof   Articles of association Registration proof Shareholder declaration  (Download
Company x x x x
Association x x x
Self-employed x x

These documents are not stored on KickandBoost’s servers: they are directly sent to MANGOPAY’s legal service so as to proceed to their validation.