Developing World Crowdfunding Continues Rapid Growth, Finds AlliedCrowds Report

LONDON - July 10, 2015 - PRLog -- AlliedCrowds has released its latest report on crowdfunding in the developing world. The report includes the most current data on industry size, growth projections, and leading platforms, supplemented with case studies, country profiles, and sector analysis.

The Developing World Crowdfunding report focuses on the amount of money raised in and sent to the developing world in the last month, as well as over the entirety of Q2. Key findings from the report include:

- $59 million was raised in the developing world in Q2,

- 678 campaigns are launched every day,

- services, agriculture, and health were the sectors that grew the most over the past month,

- lending (48%) is the most commonly used crowdfunding model in the developing world, followed by donation (36%),

- the amount of crowdfunding dollars raised throughout Africa grew by 8% over the last month,

- Kenya’s crowdfunding industry grew 26% in Q2 alone,

- and much more.

The Developing World Crowdfunding report includes analysis, campaign case studies, and country profiles to help place the numbers into context.

“Crowdfunding has tremendous potential in the developing world as a way to fund solutions for localized problems, empower the diaspora, and establish capital flows into underserved parts of the world,” said AlliedCrowds founder and CEO Lars Kroijer.

The report will be of interest to companies, organizations, and charities considering entering the developing world crowdfunding market; platforms who are interested in expanding to new geographies; and crowdfunding industry observers.

“Crowdfunding is a small but very rapidly growing industry in the developing world,” said Shareq Husain, Head of Business Development at AlliedCrowds. “Organizations interested in crowdfunding should act swiftly if they want to secure a first mover advantage.”

AlliedCrowds uses a combination of API-gathered information and primary research to analyze over 89 million data points in order to reach its findings. To find out more about the AlliedCrowds data and services, contact reports@alliedcrowds.com (mailto:_____@alliedcrowds.com).

You can download the report here: http://www.alliedcrowds.com

About AlliedCrowds:

Founded in 2014, AlliedCrowds is a data analysis and developing world crowdfunding industry thought leader. The company is led by CEO Lars Kroijer, a former hedge fund manager and noted author. AlliedCrowds works with the biggest international organizations to drive the implementation of crowdfunding in the developing world by providing data insights and technology solutions.