That’s because the Securities and Exchange Commission in the US recently approved Title III of the JOBS Act, creating a regulatory framework around equity crowdfunding. A report published yesterday by AlliedCrowds has shown that developing countries raised $37.4m via crowdfunding platforms last month. The firm stated that: “While equity crowdfunding currently makes up a relatively small portion of crowdfunding activity in the developing world, it may soon begin to gain on the more established models (donations and lending) … ” Peter Heijen of peer-to-peer (P2P) lending platform, Lendahand, remarked that crowdfunding may help fill the financing gap in these countries: “SMEs are well positioned to create a social economic benefit, to create jobs. This is why we have been working with local governments around the world for several years now to develop innovative ways to raise finance through crowdfunding. This is a gap, and we decided to use crowdfunding to fund them.”
A report published yesterday by AlliedCrowds has shown that developing countries raised $37.4m via crowdfunding platforms last month. The firm stated that: “While equity crowdfunding currently makes up a relatively small portion of crowdfunding activity in the developing world, it may soon begin to gain on the more established models (donations and lending) … ” Peter Heijen of peer-to-peer (P2P) lending platform, Lendahand, remarked that crowdfunding may help fill the financing gap in these countries: “SMEs are well positioned to create a social economic benefit, to create jobs. This is why we have been working with local governments around the world for several years now to develop innovative ways to raise finance through crowdfunding. This is a gap, and we decided to use crowdfunding to fund them.”