🌪️Impact Of Crowdfunding

Crowdfunding is disrupting conventional finance in a big way.

Market Data Forecast values the market at USD 20.34 billion in 2023, with expectations to grow to USD 24.05 billion in 2024 and USD 55.58 billion by 2029, at a CAGR of 18.24% from 2024 to 2029*

*Source:https://www.statista.com/statistics/1078273/global-crowdfunding- market-size/

The various Internet platforms that offer the different models of Crowdfunding operate via two major approaches:

1. Crowdfunding The Idea: Providing funding for ideas, businesses and causes

2. Crowdfunding The Need: Providing funding for individual or group needs such as charity work, personal emergencies, etc.

However, there are inherent limitations with these two crowdfunding approaches resulting in the failure of over 75% of Crowdfunding campaigns that are initiated globally.