Crowdfunding is a new type of funding in which many smaller monetary amounts are collected from Internet users over social networks, platforms, blogs, etc. in order to finance projects. To do so, the capital needed for the project is defined and uploaded for crowdfunding. Capital is then collected over a certain period in order to subsequently implement the project if the targeted amount has been reached.
German: Crowdfunding (225)
Source: Fintech-Hub m. e. E., 29.05.2019