Before the start of the funding phase

For the protection of the supporters we are legally obliged (Money Laundering Act §11) to verify the identity and account details of the starters. With the verification we can make sure that the community always knows who starts the projects on Startnext. The collected data will only be used to process the payments of the successful crowdfunding campaign and will be stored in accordance with legal deadlines.

We will guide you step by step through the process via the interface on your project page under the item "verification":

  • Step 1: Set legal entity: Choose whether you want to legitimize yourself as a private person or as a company. We can currently legitimize the following organizations: Sole proprietorship, partnerships under civil law, association, UG / GmbH, foundation, OHG, KG, GmbH & Co. KG, cooperative, AG, registered merchant, corporations under public law.
  • Step 2: Maintain payout details: Enter the name of the account holder and the account number to which the funds are to be distributed after the successfully funding of the project. In the funding phase, the funds are administered in trust by our payment service provider and partner secupay AG. You therefore confirm the trust agreement as a starter.
  • Step 3: Verify Pay Out Account: In order for us to verify your bank account, we will transfer a cent amount to your payout account. The transfer will be facilitated by our payment service provider secupay AG. Please allow 3 working days for the transfer. You will find the verification code (5-digit code) in the reference of the transfer. Enter this code in the interface under "verification > Payout data" to verify your account.

After the successful financing

As soon as your project reaches the funding goal, you can complete your verification. Depending on which legal form you have chosen for the verification, the next steps differ. You can find more information here:

  1. For organizations & companies
  2. For private individuals, sole proprietorships and partnerships under civil law

Payment of funds & invoice

The funding sum we will be transferred to your bank account within 21 days after the campaign is finished, given that the verification has been completed successfully. If the verification is still outstanding at the end of the campaign the 21 day payout period applies to the date upon which the verification has been successfully completed.

Startnext commission and transaction fees will be deducted before we pay out the funding sum and you will receive an invoice for these items. The invoice can be downloaded in the project interface under "Supports" > "Funding stats".

Verification for private individuals, sole proprietorships & partnerships under civil law

As soon as your project has reached the funding goal, you can complete the verification. The verification of private individuals and sole proprietorships is carried out via a Deutsche Post service in which a postal employee confirms your identity online or offline. These are the next steps:

  • Call verification via PostIdent in the interface: In the interface, go to "verification" and select "Verifizierung via PostIdent durchführen". You will now be redirected to the Deutsche Post portal where the identification check takes place.
  • Selection of the identification method: You can choose whether you want to identify yourself online at Deutsche Post via video chat or with your electronic ID card or offline at any Deutsche Post branch.
  • For partnerships under civil law: Additionally, please upload the partnership agreement and if necessary the shareholder list.
  • Verification is confirmed: Once you have completed the verification via Deutsche Post the data will be automatically transferred to us and your project is verified. Done!

PostIdent by video chat on the PC / desktop

  • This is what you needValid ID, SMS-enabled mobile phone as well as a PC which has a webcam, microphone, speakers and a stable internet connection.
  • This is how it works: Information from Deutsche Post.

PostIdent by video chat via app

    • This is what you need: Valid ID, SMS-enabled mobile phone as well as a PC which has a webcam, microphone, speakers and a stable internet connection and the PostIdent-App.
    • This is how it worksInformation from Deutsche Post.

    PostIdent through post office (only possible in Germany)

    • This is what you need: Valid ID, PostIdent form.
    • This is how it works: Information from Deutsche Post.

      Verification for organizations & companies

      As soon as your project has reached the funding goal, you can complete the verification. These are the next steps:

      • Maintain personal and organizational data in the interface:Fill out the required personal and organizational data in the interface under "verification".
      • Request verification check: If you have maintained all data completely, you can request the verification check. Please make sure that the documents are complete and valid - otherwise the verification check will be delayed.
      • Verification is confirmed: Once the documents are completed and everything is in order, we confirm the verification and your money can be paid out. The verification check can take up to 7 days.

      Download: Templates for verification

      Depending on which legal form you have chosen for the verification, we need certain organizational and personal data for the verification. To make sure that you know which documents will be needed for the verification process we have complied an overview for you.