QuestionsCategory: Questionswhat is crowdfunding and how does it work?
Nitesh kumar asked 7 months ago

what is crowdfunding and how does it work?

1 Answers
Afaq Jafri answered 7 months ago

Crowd-Funding is a process of collecting the funds from various sources i.e, family, friends, Individual investors, etc.
Types of Crowd-Funding:

  • Debt crowdfunding: Debt Crowdfunding means founders get the funds from Investors and pay them with interest.
  • Donation crowdfunding: Donation crowdfunding means people give their money to producers to make social benefits products or services.
  • Equity crowdfunding: Equity crowdfunding means people invest money in the project and some share ownership. 

To know More: Advantages of Crowd-Funding

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