Crowdfunding Market Expanding

Iran’s crowdfunding market reached 1,345 trillion rials ($4.8 million) by the end of the last fiscal year (March 20), a deputy chief at the Iran Fara Bourse said. 
Speaking at a conference on “promoting crowdfunding platforms”, Aref Qolipour, the Iran Fara Bourse deputy for financial institutions, said that the crowdfunding market has been expanding slowly over the past two years. 
Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. It provides easy accessibility of vast networks of people through social media and websites to bring investors and entrepreneurs together, with the potential of increasing entrepreneurship by expanding the investor pool.