Sponsume was an online multicurrency crowdfunding platform founded by French entrepreneur Gregory Vincent in 2010.
[2] During his time as a doctoral student at Oxford University, Vincent developed a strong interest in the works of Muhammad Yunus, a pioneering figure in the world of microfinance.
Vincent recognised the potential of peer-to-peer microfinance as an alternative method for funding innovative ideas.
[3] In 2009, the financial crisis and subsequent cuts to subsidies in the UK arts scene highlighted the need for a community-led approach to fundraising for artists and innovators.
[4] The site used the power of social networks and the wisdom of crowds[5] to help fund a variety of projects ranging from films[6] and documentaries,[7] to music, theatre, photography, fashion, technology, scientific[8] research, green and social enterprise.