What is crowdfunding?
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Crowdfunding is a type of funding where many people donate small amounts of money to a project or business to support it. These donations can be made through an online platform or in a traditional way. Crowdfunding allows people around the world to invest money in a business or project without the need for a traditional bank account or loan. For those who invest money in the project, there is often some sort of consideration, such as a product or service.