Fundraise in Africa with E-Collecta
Mar 23, 2022
Whereas crowdfunding is considered to present great opportunities towards enhancing access to finance, as well as supporting entrepreneurship, innovation, and development in Africa, it is also important to consider some challenges that may hinder crowdfunding adoption and growth in the African continent. This is especially important when taking into considerations that the main vehicles for crowdfunding market development, namely crowdfunding platforms, are mostly entrepreneurial ventures themselves like E-Collecta. And while entrepreneurs deal with adversity regardless of context, some challenges reign prominent in African contexts in general
Since online forms of crowdfunding heavily depend on access to social media and social networking sites, as well as web-based platforms, internet access is paramount to its successful dissemination and uptake.
With the growing internet penetration, popularity of digital and mobile finance, low penetration of traditional financial institutions, and a long cultural heritage of communal mutual support, african crowdfunding is at its infancy and steadily taking shape. Crowdfunding is regarded as a mechanism with great potential for increasing access to finance for community causes and entrepreneurs in developing economies like Africa.
The wait is however over for Africa and you can now fundraise through E-Collecta - Africa's leading online crowdfunding platform that lets you raise money for anything that matters to you. Sign up today at https://e-collecta.com/register. #FundraiseWithEcollecta
Watch E-Collecta Brand Presentation Video
Since online forms of crowdfunding heavily depend on access to social media and social networking sites, as well as web-based platforms, internet access is paramount to its successful dissemination and uptake.
With the growing internet penetration, popularity of digital and mobile finance, low penetration of traditional financial institutions, and a long cultural heritage of communal mutual support, african crowdfunding is at its infancy and steadily taking shape. Crowdfunding is regarded as a mechanism with great potential for increasing access to finance for community causes and entrepreneurs in developing economies like Africa.
The wait is however over for Africa and you can now fundraise through E-Collecta - Africa's leading online crowdfunding platform that lets you raise money for anything that matters to you. Sign up today at https://e-collecta.com/register. #FundraiseWithEcollecta
Watch E-Collecta Brand Presentation Video