Present and future of crowdfunding as source of entrepreneurial financing

Abstract

New financing techniques have emerged due to the recently experienced deep crisis. In a changing technological environment any individual with an innovative business idea and an achievable entrepreneurial project can easily undertake it without resorting to traditional banking. As a result of the new Fintech technology, a word stemming from a contraction of the words “finance” and “technology”, it may be possible for anyone to use a wide range of financial services in a faster, more comfortable and transparent way. This technological revolution has entered with force in our country. However, even though the high turnover figures that move financial startups of other countries have yet to be reached here, investment and growth in this sector is rapidly increasing. Therefore, the crowdfunding industry marks the present and the future as a source of financing for business projects in our country.