Crowdfunding in Fintech Pre

What is crowdfunding?

• A method of raising funds from a small group of investors

• Raising capital from a large number of individuals, often via the internet

• A form of government funding

• A type of bank loan for startups

Which of the following platforms is most commonly associated with crowdfunding?

• LinkedIn

• Facebook

• GoFundMe

• Zoom

Which type of crowdfunding allows backers to receive equity in a company in exchange for their investment?

• Reward-based crowdfunding

• Equity crowdfunding

• Debt crowdfunding

• Donation-based crowdfunding

In which of the following sectors has crowdfunding become particularly popular?

• Agriculture

• Real Estate

• Fintech startups

• Manufacturing

Which of these is a primary benefit of crowdfunding for fintech startups?

• It requires no business plan

• It allows rapid capital raising without traditional investors

• Crowdfunding campaigns never fail

• It reduces the need for business partners

What type of crowdfunding involves backers donating money without expecting any return or reward?

• Equity crowdfunding

• Donation-based crowdfunding

• Debt crowdfunding

• Reward-based crowdfunding

Which type of crowdfunding offers a tangible reward or product to backers?

• Equity crowdfunding

• Donation-based crowdfunding

• Reward-based crowdfunding

• Debt crowdfunding

Why might fintech startups choose crowdfunding over traditional bank loans?

• Crowdfunding is generally faster and doesn’t require collateral

• Crowdfunding does not involve marketing efforts

• Crowdfunding doesn’t require a financial plan

• Crowdfunding always guarantees success

Which of these is a potential risk of crowdfunding for fintech startups?

• Access to a large number of investors

• Increased exposure for the startup

What is the primary goal of a crowdfunding campaign?

• To engage social media followers

• To create a new product

• To raise funds for a project or business idea

• To avoid paying taxes