“You’re going to see people developing an expertise and really move on from this initial stage of everyone kind of exploring crowdfunding in a more general sense,” said Kickstarter general counsel Michal Rosenn. “I think you’ll see increasing specialization.”
Fintech, the umbrella term for businesses offering new types of technology-enhanced financial services including crowdfunding and peer-to-peer lending, is seeing explosive growth. Investors poured $22.3 billion into fintech startups around the world in 2015, up 75 percent from the year before, according to the Information Technology & Innovation Foundation.The industry has been hailed for its potential to help communities that are underserved by traditional lending institutions. Creators, too, have found a new avenue for getting their projects off the ground by demonstrating early crowdfunding success that can then attract venture capital and other private equity.
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