May 20, 2016
Crowdfunding is becoming a widely favored alternative to raising capital rather than seeking loans from banks. It is a way for businesses or other organizations to raise money in the form of either donations or investments from multiple individuals.
In the US, the lending-based crowdfunding model is the most popular and has a considerable market share in the industry. With regard to the increasing attention from small and medium-sized businesses, it is estimated that the coming year’s crowdfunding platforms have potential to grow exponentially.
Crowdfunding has exploded as a new way to raise funds for startups, inventions, nonprofits and even real estate investments. However, the model is not limited to aiding profit-focused businesses. Charitable causes have been largely fueled through crowdfunding and have brought up an array of platforms looking to embrace creativity and aid improvements in the society and environ ...