Crowdfunding proceeds have reached record highs, according to the latest Crowdfunding Monitoring report issued by the Swiss based Lucerne University of Applied Sciences and Arts. The Swiss crowdfunding market reached a record high volume of 374.5 million Swiss francs (CFH) in 2017, totaling nearly three times more than the previous year when about 100 million CFH was raised. In the past eight years, more than half a billion Swiss francs have been collected across the national crowdfunding market.
According to the researchers, over 160,000 people backed crowdfunding projects in Switzerland in 2017. Crowdlending, in which lenders fund a loan of a business or individual and receive a share of interest payments proportional to their contribution, led fundraising totals as a segment, raising CFH 186.7 million, representing a 239 percent increase over totals for 2016. Crowdinvesting also saw triple digit growth, raising CFH 135.2 million or 245 percent more than the previous year. Reward based crowdfunding, like Kickstarter campaigns — where contributors get access to copies of an artistic print, book, or product, along with purely donation based crowdfunding — achieved a volume of CFH 29.1 million. Invoice trading, where businesses sell their invoices at a discount to access liquidity, raised CFH 23.5 million.
The report suggests that blockchain-based projects are slowly making their way into the Swiss crowdfunding market, with Swisspeers using smart contracts to transact loans between businesses and investors on the Ethereum blockchain, while Wemakeit has plans to launch a completely blockchain based crowdfunding platform. The report concludes that investment by larger businesses and institutional investors is becoming more common across all areas of crowdfunding, particularly in the crowdlending, invoice trading, and crowddonating segments. The authors believe the Swiss market to be between two and three years behind the more developed US and UK crowdfunding markets, but suggest it may close the gap more quickly than that.
The report concludes that investment by larger businesses and institutional investors is becoming more common across all areas of crowdfunding, particularly in the crowdlending, invoice trading, and crowd-donating segments.
The authors believe the Swiss market to be between two and three years behind the more developed US and UK crowdfunding markets, but suggest it may close the gap more quickly than that.
- FED Chairman Offers Lukewarm Response On Impact, Utility Of Existing Cryptocurrencies - July 20, 2018
- Boeing Brings In SparkCognition For Help Developing UAV Management Systems - July 19, 2018
- Nervos Network Nets Nearly $30 Million To Build Hybrid Blockchain Platform For Enterprise - July 19, 2018
- Chinese Blockchain Companies Continue To Flourish, If Only In Name - July 18, 2018
- G20 Report Outlines International Collaboration On Standards For Crypto-Assets - July 17, 2018
- Hong Kong Readies Regulator-Backed Trade Finance Platform - July 17, 2018
- RMB to BTC Trading Falls To 1%. Is China Really Out Of The Crypto Game? - July 16, 2018
- Chinese Internet Trends May Spell Trouble For “Disruptive” Crypto Payments - July 13, 2018
- LINE Plans July Cryptocurrency Exchange Launch - July 3, 2018
- McAfee Labs Report 6x Increase in Crypto Mining Malware Incidents in Q1 2018 - June 29, 2018
- Facebook Updates Policy To Allow Vetted Crypto Businesses to Advertise, ICOs Still Banned - June 27, 2018
- Following in Vitalik’s Footsteps? Polkadot’s Habermeier Awarded Thiel Fellowship - June 26, 2018
- SingularityNET and Project Shivom Using AI on Genomic Data to Extend Human Life - June 26, 2018
- Microsoft & EY partner for Royalty Distribution in Gaming - June 26, 2018
- ABBC Foundation to Airdrop ABBC Tokens to First 500,000 Wallet Users - June 25, 2018
- Care Records of up to 30 Million UK NHS Patients go on Blockchain - June 25, 2018
- PundiX Signs UTRUST as Liquidity Clearing Provider for Crypto POS Hardware - June 22, 2018
- Blockchain on the Ballot: Indie Party Candidate Joins Texas Senate Race - June 21, 2018
- IONChain Aims to Challenge IOTA on a Chinese Battleground - June 19, 2018
- Takeaways From SEC Director’s Comments on Cryptocurrencies and Securities - June 19, 2018