‘Crowdfunding’, the concept of raising a large sum from lots of small individual contributions, has done a great deal of good in the short period of its existence to date. From helping to launch exciting new start-ups to funding critical medical operations, the term is already well-known outside of the traditional investment world.
The use of technology to enable individuals to achieve personal dreams and smaller businesses to raise finance to fund socially beneficial projects or enable them to move to their next level of development can only be seen as a positive step in the democratisation of finance.