Crowdfunding is a rapidly growing industry. Below, we explore key statistics including the average raise sizes, the impact marketing has on average raise, and the underlying demographics driving crowdfunding.

Key Crowdfunding Statistics

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• EMV chip technology can store far more information than magnetic stripe credit cards. This technology allows these credit cards to hold encrypted data, which helps protect against in-store payment fraud. Better still, this encrypted data is dynamic, meaning the information can change over.
• Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.
• Jan 06, 2021 Netshares is a FINRA registered broker-dealer and Reg CF crowdfunding portal that is modernizing private capital markets by enabling a digital investment marketplace, making it easier for.

It is hard to believe, but October 2019 will mark four years since the card brand-imposed liability shift went into effect, requiring retailers to invest significant time, resources, and capital to accept “chip” cards in their stores. Now that we are mostly over the EMV hurdle, what’s next on the payment’s horizon?

Smaller Goals are More Attainable

• Average successful crowdfunding campaign is around $7,000
• Average campaign lasts around 9 weeks
• Campaigns that can gain 30% of their goal within the first week are more likely to succeed

Marketing Drives Raises

• There is a direct correlation between the number of outside links to a crowdfund and the success of the fundraise.
• Social Media is a critical factor in crowdfunding success: for every order of magnitude increase in Facebook friends (10, 100, 1000), the probability of success increases drastically (from 9%-, 20%, to 40%)

Demographics of the Crowd

In mid-2012, the American Dream Composite Index surveyed a sample of the U.S. population to establish demographics for general crowdfunding participants.

• Age. Individuals ages 24-35 are much more likely to participate in crowdfunding campaigns; those over 45 are significantly less likely to back campaigns
• Gender. Men are much more likely to take a risk on an unknown startup
• Income. Those earning over $100,000 per year are the most likely to invest in startups through crowdfunding

CIMis one of the industry pioneers in the roll out of EMV cards in Europe. CIM’s card personalization systems have personalized EMV debit and credit cards since 2004 and are currently deployed all over the world for personalization of chip cards.

Over the past 13 years, CIMhas developed close relationships with card manufacturers and EMV software development companies. The CIMcard personalization solutions have been integrated with the most commonly used EMV software personalization applications in the market. This reduces the development and go-to-market cycles significantly, and allow CIMpartners to choose from a variety of proven third party EMV software applications to best suit their individual markets or project needs.

Contact us today for more information on the third party EMV software applications that are ready to run on CIM’s card personalization systems!

Crowdfunding Is Over Emv Software Comparison