In recent years, crowdfunding has emerged as a revolutionary financing model that allows small entrepreneurs to raise funding in the early stages of their projects, particularly those that may otherwise struggle to obtain capital. Today, there are approximately 1250 active crowdfunding platforms across the world, which together channeled $16.2 billion in 2014, representing a 167 % increase from $6.1 billion in 2013. New crowdfunding platforms and
websites are popping up regularly to meet the needs of the expanding market, with plenty of room to benefit from the advantages of this technology by creating a crowdfunding platform.

Crowdfunding is the practice of raising money from a large number of individuals to finance a project, venture, business, or cause. Traditionally, crowdfunding has been carried out via subscriptions, benefit events, and door-to-door fundraising.

However, today the term is typically associated with raising money through website platforms, which allows crowdfunding to reach a larger pool of potential funders.