13 min read7 January 2020
Is crowdfunding the way to go for your business? What are the pros and cons? We explore these and many other questions in this concise guide to crowdfunding for business.7 January 2020
Listen to the article instead
How would you like to raise £1 million in 96 seconds? This was the breath-taking result when fintech start-up Monzo crashed equity crowdfunding platform Crowdcube in 2016. And we've seen no sign of things slowing down since.
In less than a decade, crowdfunding has gone from being a novel way to find financial backing for a pipe dream to first-choice source of funding for hordes of entrepreneurs, non-profits and growth-bound businesses.
Is crowdfunding the way to go for your business? Which type could work best for you? What are the pros and cons? How do you choose the best platform? We explore these and many other questions in this concise guide to crowdfunding for business.
Crowdfunding is a way for people who need money for a business, social or personal venture to connect with thousands or even millions of people willing to contribute financially.
Crowdfunding bypasses traditional sources of finance, such as banks and venture capitalists. Instead, by seeking contributions openly through an online platform, it is the 'crowd' of individuals, groups and investors who fund the venture.
Download our free guide for start-ups and small companies looking for finance to help them grow. It covers the different types of finance, examines their pros and cons, and includes some useful tips.Send me the guide
Get a regular dose of the best small business finance news, stories and curated articles sent direct to your inbox. Sign up for our newsletter. No spam just inspo.