2015 Global Crowdfunding Industry Report highlights growth in Asia
1 April 2015: Massolution’s 2015 crowdfunding industry report has revealed that global crowdfunding continued to experience accelerated growth in 2014, expanding by 167 percent to reach $16.2 billion raised, up from $6.1 billion in 2013. This strong growth in 2014 was due in part to the rise of Asia as a major crowdfunding region.
As Massolution founder and CEO Carl Esposti explained, “One of the surprises materializing from this year’s research included the astounding growth in the P2P and P2B lending market in Asia, stemming largely from the Chinese market.”
Asian crowdfunding volumes grew by 320 percent, to $3.4 billion raised. That puts the region slightly ahead of Europe ($3.26 billion) as the second-biggest region by crowdfunding volume.
In 2015, the industry is set to more than double once again, on its way to raising $34.4 billion.