Crowdfunding wins popularity with SMEs

27 October 2016

Almost the half of the MKB-entrepreneurs with plans to grow their business chooses for alternative ways, like crowdfunding, of getting the necessary financing. This is most likely because of the speed at which entrepreneurs can borrow money from the crowd. The research by Crowdfundmarkt.nl shows that half of the 64 projects that launched crowdfunding campaigns in the Netherlands in August were completed within 24 hours.
Crowdfunding has grown enormously. In the first half of 2016, Dutch entrepreneurs raised €67.3 million, while it was only €108 million in the whole of 2015. Low interest on savings increases the velocity of the circulation of money (News item Rendement.nl, 12 September 2016).
Click here for the news item (in Dutch).
Click here for information about the NVC event Bye Bye Banks! addressing crowdfunding on 24 November 2016.

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