Crowdfunding as an Alternative Source of Investments in the Conditions of Economic Digitalization: Relevance of Use in the Republic of Moldova
Crowdfunding as an Alternative Source of Investments in the Conditions of Economic Digitalization: Relevance of Use in the Republic of Moldova

Author(s): Irina Dorogaia, Alexandr Scutari
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Evaluation research, Social Informatics, Financial Markets, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Crowdfunding; Crowdlending; Crowdfunding platforms; Digital economy; P2P lending
Summary/Abstract: The relevance of the topic is associated with the increasing popularization of alternative sources of financing of entrepreneurial activity. Under the current conditions, the search for means to finance entrepreneurial activity is a priority task for both entrepreneurs and state institutions, oriented towards supporting existing and potential businesses. The purpose of the article is to describe the application of crowdfunding as one of the tools for alternative financing of projects in the current realities of building a digital economy in Moldova. The article describes the legal aspects of crowdfunding regulation as a new for Moldova legal institute of non-banking lending using the possibilities of online platforms. The paper considers the economic and legal essence of crowdfunding, the model of functioning of this institution, the opinion on the main advantages and disadvantages of this alternative type of lending, as well as outlines the prospects of development and possibilities of application of the new financial technology in our country.

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