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Advisor(s)
Abstract(s)
Crowdfunding (CF) online platforms play an important role in an era of digital transition, by
enlarging the opportunities of entrepreneurs to collect funds from the crowd. The online
platform operates efficiently connecting people that asks for funds with investors/donors
looking for investment opportunities. In Portugal, the first CF platform arose in 2009, and new
platforms have emerged after that. To get an overall picture of the present situation in
Portugal, this communication aims to explore the specificities of the CF industry by adopting a
comparative analysis of the platforms that operate in the market. To attain this objective several
comparison criteria were used (e.g. business models, promoters, areas of activity, financial and
operational data, fees) in order to highlight the differences and similarities between the
platforms as well as the financial sustainability of the operating companies. The data for this
study was collected through desk research by extracting financial information from two
databases (Saabi and e-informa) and consulting the platforms and news about the CF
companies. The investigation reveals that different platforms in Portugal explore either
donation, reward-based or loan-based CF, some of which are under the scope of specific sectors
of activity, and most of them use the all-or-nothing model. No equity-based CF platforms were
found in Portugal. Despite the growth in the activity and the success of the campaigns carried
out, Portuguese platforms still face some difficulties in achieving financial sustainability.
Description
Keywords
Crowdfunding Crowdfunding platforms Crowdfunding modalities Crowfundees Crowdfunders Portugal
Citation
Bernardino, S., Freitas Santos, J. & Sousa, M. (2021). Insights from crowdfunding platforms in Portugal. 14th Annual Conference of the EuroMed Academy of Business- “Contemporary Business Concepts and Strategies in the new Era”, Virtual, 22-23 September, 2021, ISBN: 978-9963-711-90-1, 113-125;