Press release
Kuwait Crowdfunding Platform Market Will Surpass US$ 14,549.35 thousand at 8.8% CAGR Growth From 2025 to 2034
The Kuwait crowdfunding platform market will rise from USD 6,156.50 thousand in 2024 to USD 14,549.35 thousand in 2034, at a CAGR of 8.8% from 2025 to 2034.What is Kuwait Crowdfunding Platform?
In Kuwait, there is an assortment of crowdfunding platforms obtainable to start-ups. These platforms can be detected on the internet and in everyday newspapers and online portals. The private crowdfunding sites in Kuwait are normally handled by start-up entrepreneurs and venture capitalists. They are outlined for compact businesses and distinct investors who want to raise money swiftly and without the problem of addressing a third party.
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Public crowdfunding websites in Kuwait are normally operated by government or non-profit firms. They are outlined for bigger organizations that want to raise money from the public through an online platform. Earlier, people would have to depend on family, friends, and other personal interactions to raise money. With crowdfunding, anybody with an internet connection can approach a global audience of probable donors.
What's Driving Market Growth?
Kuwait's strong technological framework and progressive digital payment systems are driving the market demand. The nation's Vision 2035, which highlights economic heterogeneity and digital conversion, has set up a robust base for encouraging invention and entrepreneurship, putting the Kuwait crowdfunding platform market on a growth trajectory.
The surge in entrepreneurial ventures and the development of start-up habitat in Kuwait have powered a growing demand for inventive funding solutions such as crowdfunding platforms. Entrepreneurs and small businesses are growingly looking for optional funding sources over conventional bank loans and venture capital.
Who Are Top Market Players?
The aggressive topography of the market is marked by the existence of global leaders and local contenders struggling for market supremacy through innovation, strategic collaborations, and regional expansion. Prominent players leading the market are:
• StartEngine Crowdfunding, Inc.
• Fundable
• Seed&Spark
• Wefunder
• InspireMe.Fund
• Eureeca
• StartSomeGood
• FasterCapital
• Kickstarter PBC
• Indiegogo, Inc.
• GoFundMe
• RocketHub
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Kuwait Crowdfunding Platform Market Developments:
• November 2024: FasterCapital has launched the Raise Capital program, a global initiative aimed at supporting electric vehicle (EV) startups. This program addresses the increasing demand for sustainable transportation by providing EV innovators with financial backing, strategic mentorship, and access to a broad network of investors. The goal is to enhance the scalability and market potential of emerging EV technologies.
• November 2024: Indiegogo and GoFundMe have introduced the Trust Alliance, a joint effort to strengthen trust and safety within the crowdfunding ecosystem. This initiative focuses on fraud prevention, policy refinement, and the exchange of best practices to protect users and foster a safer community.
• May 2023: StartEngine acquired the assets of SeedInvest for USD 24,000 in common stock. This acquisition includes SeedInvest's user email lists and intellectual property, enabling StartEngine to expand its reach and enhance its offerings in the crowdfunding space.
What Segments Lead Market Demand?
The Kuwait crowdfunding platform market segmentation is based on platform type, type, application, and end user.
Based on platform type, the private segment led the market with a significant revenue share in 2024 due to it profiting from the nation's wealth congregation and cultural inclination for tactile funding. High-net-worth persons and corporate bodies prefer equity-dependent platforms that pledge returns and ownership support.
Based on application, the entrepreneurship segment dominated the market in 2024 due to both government enterprises and a spirited juvenile population keen to invent. The Kuwaiti government has reinforced undertaking through several schemes, such as the National Fund for Small and Medium Enterprises Development, which offers fiscal reinforcement and consulting services to contemporary businesses.
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Kuwait Crowdfunding Platform Market, Platform Type Outlook (Revenue - USD Thousand, 2020-2034)
• Private
• Public
Kuwait Crowdfunding Platform Market, Type Outlook (Revenue - USD Thousand, 2020-2034)
• Equity Crowdfunding
• Donation-Based Crowdfunding
• Reward-Based Crowdfunding
• Others
Kuwait Crowdfunding Platform Market, Application Outlook (Revenue - USD Thousand, 2020-2034)
• Entrepreneurship
• Medical
• Social Causes
• Others
Kuwait Crowdfunding Platform Market, End User Outlook (Revenue - USD Thousand, 2020-2034)
• Businesses
• Individuals
• Nonprofit Organizations
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