PayPal Pledges to Overhaul Approach to Crowdfunding

PayPal Pledges to Overhaul Approach to Crowdfunding

PayPal this week promised to review how it handles crowd-funding efforts after several projects had their funding frozen by the online payment service. In a blog post, PayPal said that crowd-funding campaigns – made popular in the past year or two by services like Kickstarter and Indiegogo – are a new concept and therefore “potentially open to abuse.” “PayPal has a responsibility to ensure that the system remains...

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Could crowdfunding work for innovative social ventures?

The forecast of a £1 billion impact investment market by 2016 is indicative of the growing realisation that more fit-for-purpose funding is needed if social ventures are to be given the best chance of tackling the major problems society faces. From social accelerators to impact funds, much progress has been made in the attempt to create a more diverse and effective funder base. However, challenges still remain. One significant issue is...

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