Research Information System
EU Financial Regulation And Markets (EUFRM) Conference, ELECTR NETWORK, 26 - 27 November 2020, pp.178-191
Crowdfunding is a tool that "connects those who can give, lend or invest money directly with those who need financing for a specific project". By crowdfunding, an entrepreneur would raise small amounts of money from thousands of investors for development of his enterprise without carrying any extra cost. Thereby, crowdfunding provides an opportunity for ordinary people to gather around new investments and for entrepreneurs to adapt, develop and succeed in new businesses models.