Generally speaking, crowdfunding is the practice of funding a project or venture by pooling together money from a large number of people, usually via an internet platform. In the crowdfunding space, there ...
...The crowdfunding scene has undoubtedly sparked a high level of interest among investors.
Globally the industry is predicted to reach $34.4 billion by end of 2015, largely due to the strong rise of Asia as a major crowdfunding region.Singapore as the region’s financial hub, is also gaining fast traction in the industry.
The little red dot saw several new entrants to the crowdfunding scene this year, including the Singapore Exchange (SGX) and Clearbridge Accelerator, which in January unveiled a partnership to launch an equity-based platform, Sniffr.sg, a crowdfunding site for design entrepreneurs.
Even telcos like StarHub has joined the bandwagon with the launch of Crowdtivate.
Crowdtivate is Starhub’s first venturing into crowdfunding platform
