Crowdimpacting: Collective Funding of Sustainable Projects

Abstract

Crowdfunding is a form of funding that allows a company or entrepreneur to raise the money needed for the start-up of a project or business through the financial contributions of a group made up of anonymous individuals. It is managed through information technology platforms, so the rise of new information and communications technologies, along with the mistrust in the banking sector and the restrictions it has placed on access to credit, are considered the most important key factors of its popularity. There are four types of crowdfunding depending on the type of return that the contributions receive [1]: Crowdequity (company shares), Crowdlending (money), Reward-Based Crowdfunding (a product or a service), and Donor-Based Crowdfunding (no return, as the contribution is a donation).