Crowdfunding (so also said in German; more rarely public financing)

The raising of money to finance investments of any kind – but especially the creation of new products and the realization of other extraordinary market activities – from a very large number of small investors. Providers and demanders come together via platforms on the Internet. In detail, a distinction is made between – donation-based crowdfunding: here, the public donates money within a certain period of time for a specific project without receiving anything in return, – counter-performance-based crowdfunding: the donors receive a non-monetary recognition, such as the mention of their name in the credits of a film or a personal gift from the artist whose work was co-financed, – credit-based crowdfunding: the donors receive the promise that the amount will be repaid with or without interest, and – crowdinvesting: the donor receives a share in the future profit of the financed project, resp. if the margin is linked to securities purchases, shares or a debt certificate. On May 14, 2007, the German Federal Financial Supervisory Authority published a fact sheet entitled “Hinweise zur Erlaubnispflicht der Betreiber und Nutzer einer internetbasierten Kreditvermittlungsplattform nach dem KWG.” – See eLolly, investment club, credit cooperative, credit intermediation platform, peer-to-peer lending, social lending platform.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/