Crowdfunding is becoming an ever popular way of raising funds outside of traditional avenues such as banks, finance companies and yards of scary red tape. It is an easy and innovative way for people and organisations to raise money to get their campaign or new business funded.
Wikipedia describes crowdfunding as ‘the practice of funding a campaign or venture by raising monetary contributions from a large number of people, typically via the Internet.’
$5.1 billion USD was raised for ideas, projects and businesses through crowdfunding in 2013. The industry has doubled every year for the last three years, helping hundreds of thousands of people get an idea off the ground.
We think it’s a fantastic way to help your ideas take off!