Global Crowdfunding

• The scale back in traditional forms of funding in the entrepreneurial landscape post-2008 gave way for exponential growth in the global Crowdfunding Platform (“CFPs”) market.
• CFPs acted as an alternative capital raising and lending source for funding ventures by raising small amounts of money from a large number of people, typically via the Internet.
• Annual year-on-year growth was particularly strong between 2008 – 2012.

Year-on-Year % Growth

• The crowdfunding business first appeared in the UK in 2007, then developed rapidly in the US market.
• The Chinese market only started in 2013. With the robust rise of China’s technology finance, the crowdfunding industry has developed quickly in China.
• Since 2018, China has surpassed the United States to become the world’s largest player.