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FinTechs belonging to this category operate crowdfunding, crowdinvesting and crowdlending platforms on which money is raised to invest in various projects, mainly start-up companies and real estate projects.
Crowdfunding is not a defined financial service, but generally used to describe donation-based crowdfunding (the investor donates the money to the project), reward-based crowdfunding (the investor receives an often symbolic consideration for his investment), equity-based crowdfunding (crowdinvesting: the investor participates in the profits of the financed project or acquires shares or debt instruments) or lending-based crowdfunding (crowdlending: the investor is reimbursed at the end of the project with or without interest).
Introduction
Attitude of the country towards crowdfunding, crowdinvesting and crowdlending platforms
Montenegro does not have an established crowdfunding industry yet and the uptake of crowdfunding might still take some time. The most common types of CF initiatives that comes from Montenegro are Donation- and Reward-based.
Most CF initiatives are seeking funds via most popular CF platforms Indiegogo and Kickstarter.
Legal affairs
Obligations and requirements to provide crowdfunding, crowdinvesting and crowdlending platforms described above
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Additional comments regarding the legal situation for crowdfunding, crowdinvesting and crowdlending platforms or what FinTech’s must be aware of in this business area
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Economic conditions
Market size for crowdfunding, crowdinvesting and crowdlending platforms and biggest companies in this business area
Primary actors engaged in crowdfunding initiatives in Montenegro appear to be international organizations. However, specific data regarding the extent of crowdfunding activities within the country remains undisclosed.
Most notably, UN continued to support Montenegro in following three strategic areas: (i) inclusive economic development and environmental sustainability, (ii) Human capital development, reducing vulnerability and social inclusion, and (iii) social cohesion, people-centred governance, rule of law and human rights. Furthermore, in 2023 UN established the Montenegro SDG Acceleration Fund (MAF), which seeks to pool donor funds to be directed towards sustainable development initiatives.
Additional comments regarding the economic situation for crowdfunding, crowdinvesting and crowdlending platforms or what FinTech’s must be aware of in this business area
N/A