The crowdfunding industry has witnessed a massive growth globally. According to an industry report published by Massolution, the estimated fundraising volume through crowdfunding globally in 2015 was $34 billion.
The industry has witnessed exponential growth from a mere $2.7 billion in 2012. Source: Crowdexpert.com
When we talk about crowdfunding we generally refer to reward-based, donation-based and equity crowdfunding, but when you look at breakdown of the total funding volume published in the report it appears that P2P lending contributes to more than 70 percent of the total funding...
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