Credibles Lets You Prepay for Food and Invest in Your Community

By: Alyson Wyers - Feb 18, 2015
References: credibles.co & springwise
Aimed to support local food businesses, this crowdfunding platform allows people to prepay for food. Credibles allows customers to buy prepaid food credits and invest in their own community.

The credits -- also called credibles -- are a part of a prepaid tab customers can use in stores. This also allows small local businesses to receive financing from loyal customers in their community instead of turning to big financial institutions, which is where the crowdfunding element comes in. Businesses can also offer special deals and incentives to customers (or investors) like free gifts or discounts.

To prepay for food, users sign up on Facebook and purchase things through Paypal. A free app helps them monitor credits and redeem them. Custom gift cards are also an option.