Without doubt, crowdfunding is on the rise. National newspapers have declared an end to traditional banking as we know it as small business owners turn in their droves to peers and the crowd to raise funds for growth and expansion.
The Enterprise Nation ‘Finding Funding’ Survey shows 8% of respondents turned to crowdfunding in the past 12 months, but this is set to increase to 25% when looking at funding plans for the next 12 months, taking crowdfunding to the top spot as the most popular form of funding in 2013.
On his recent investment in peer-to-peer lending site Zopa, Lord Rothschild, scion of one of the world’s most well-known banking families, said:
“We are witnessing the growth of the non-banking lending market. Following ...