Crowdfunding on Growth Trajectory

Fifteen platforms are licensed to handle crowdfunding operations at the IFB…More than 2,470 individuals have made investments via crowdfunding in one year," head of the Iran Fara Bourse (IFB) Meysam Fadaei said.
Fadaei was speaking at the International Exhibition on Investment Opportunities, Kish Invex 2022, held in Kish Island in the Persian Gulf, the IFB website reported.
“Iran’s crowdfunding market reached 3.2 trillion rials ($9.8 million) during the past twelve months," he said.
Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new businesses. It provides easy accessibility of vast networks of people through social media and websites to bring investors and entrepreneurs together with the potential of promoting entrepreneurship by expanding the investor pool.