The Crowdfunding Accreditation for Platform Standards (CAPS) program is an initiative by Crowdsourcing.org to promote the adoption of best practices for the operation of crowdfunding platforms.
Designed to protect both crowdfunders (people pledging or investing capital) and fundraisers (people raising capital), the CAPS program’s mission is to foster the sustainable growth of the crowdfunding industry to provide much needed capital for projects and initiatives, start-ups and small businesses.
Supported by an advisory council of leading platform operators and industry experts, the accreditation criteria will be reviewed annually to ensure high standards for performance continue to be set as the industry develops.
Accreditation is granted based on an interview and a review process. Platforms that do not meet the qualification criteria receive feedback, and upon implementation of the recommendations, are able to reapply. Accreditation is awarded based on passing qualification criteria in four categories of platform operation:
- Operational Transparency
- Security of Information And Payments
- Platform Functionality
- Operational Procedures