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Purpose -Paper aims is to describe, analyze and to increase the knowledge of the emerging crowdfunding phenomenon. This can be defined as the practice of funding a project or venture by raising a lot of small quantities of money from a huge number of people. Even though the number of academic studies has been increasing, the coverage of the population is relatively weak and not well understood by entrepreneurs and individual investors. Design/Methodology/Findings -The research can be classifieddoi:10.5430/ijfr.v5n2p8 fatcat:diw5hwakanbafnpgzliuccol7u