A report published last month by Title III has shown that developing countries raised $37.4 million via crowdfunding platforms yesterday . 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. These enterprises lack access to finance, as banks are not used to these kinds of entrepreneurs. 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. These enterprises lack access to finance, as banks are not used to these kinds of entrepreneurs. This is a gap, and we decided to use crowdfunding to fund them.”