Crowdfunding is donation campaigns raised by companies, charities or small businessmen for specific causes, like selling a product, helping the poor or to start-up a company. That is accomplished via the internet (social media, crowdfunding platforms) where a small amount of money is raised by the donations of a large group of people.
A great example of a crowdfunding website is Kickstarter, where anyone can raise a campaign for their project or contribute in another by donating.
BY P.E. ELEFTHERIOU