The average funding per campaign in the 'Crowdfunding' segment of the fintech market in Singapore was forecast to continuously increase between 2024 and 2028 by in total 134 U.S. dollars (+15.26 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 1,012.13 U.S. dollars and therefore a new peak in 2028.
Data provided by Statista Market Insights are estimates.
Definition:
Crowdfunding, otherwise know as reward-based Crowdfunding is a financing form independent from financial institutions, location of the campaign creator or investor. Reward-based Crowdfunding campaigns can be initiated for a wide range of different purposes such as product launches, art-, music- and film-financing, software development, scientifc research etc. Usually there is a financing goal defined by funding volume and time to reach this goal for every campaign. The campaign creator publishes engaging content (e.g. photos, videos, text) that explain the goal and motivation of the fundraising. Almost everyone can participate in reward-based Crowdfunding campaigns as an investor. The only prerequisite is a valid payment account.
Additional Information:
Keyplayers in the reward-based Crowdfunding campaigns are Kickstarter and Indiegogo.
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Statista. (January 22, 2024). Revenue per user of the crowdfunding market in Singapore from 2019 to 2028 (in U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore
Statista. "Revenue per user of the crowdfunding market in Singapore from 2019 to 2028 (in U.S. dollars)." Chart. January 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore
Statista. (2024). Revenue per user of the crowdfunding market in Singapore from 2019 to 2028 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore
Statista. "Revenue per User of The Crowdfunding Market in Singapore from 2019 to 2028 (in U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore
Statista, Revenue per user of the crowdfunding market in Singapore from 2019 to 2028 (in U.S. dollars) Statista, https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore (last visited November 05, 2024)
Revenue per user of the crowdfunding market in Singapore from 2019 to 2028 (in U.S. dollars) [Graph], Statista, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1304652/crowd-funding-per-campaign-funding-singapore