Building a case for crowdfunding platforms in Saudi Arabia

Abstract

No one knows more about a creative and innovative project than its architect and owner of the idea. The funding helps the startup start the project with minimal stress. Commonly startups are compelled to pay interest, equity/shareholding, be at the mercy of institutions or wealthy investors for financial resources. They also at times face massive difficulties of the bureaucratic and banking restrictions and delays. Therefore, the purpose of this research was to develop an understanding of the scholarly community on alternative sources of funding that is, crowdfunding and its dynamics. On the basis of this paper develops a case for the crowdfunding platforms mushrooming in Saudi Arabia.