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Economic conditions
Market size for crowdfunding, crowdinvesting and crowdlending platforms and biggest companies in this business area
Crowdfunding is an efficient financing alternative. It aids small and medium businesses with historical limit access to credit. Thus, the Colombian Government does not ignore the benefits of this new industry; it emphasises its importance for the purpose of achieving greater financial inclusion and as a mechanism to facilitate rapid and low-cost financing
Currently, in Colombia there is a leader in this market. A2censo, which is part of the Colombian Stock Exchange. A2censo, in January 2020, raised 250 million dollars in 58 days, a total success. This example illustrates how promising Crowdfunding is in Colombia, where for now there are not many bidders because the regulation implemented in 2018 still represents a barrier for many bidders to be part of the market.
Additional comments regarding the economic situation for crowdfunding, crowdinvesting and crowdlending platforms or what FinTech’s must be aware of in this business area
In Colombia is highlighting the importance of Crowdfunding to achieve greater financial inclusion and as a mechanism to facilitate fast and low-cost financing, among other sectors. It is a business that has a very accelerated dynamic, with risks different from the classic financial products, so the new regulations have higher objectives in terms of transparency, information, obligations, limits and in general are much more rigorous.