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Application of Equity Crowdfunding as an Alternative to MSME Business Funding in Indonesia

Author

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  • Edi Wahjuni

    (Faculty of Law, University of Jember, Jember, Indonesia)

  • Ayu Citra Santyaningtyas.

    (Faculty of Law, University of Jember, Jember, Indonesia)

Abstract

During the Covid 19 pandemic that hit Indonesia, the development of MSMEs increased by 60%. This business growth was also followed by a reduction in business in the retail sector due to a lack of business capital and difficulties in applying for credit capital loans through banks or other financial institutions, both through sharia and conventional. Financial technology provides fresh air for MSMEs in providing fast capital assistance. Equity crowdfunding as fintech is very numerous and growing in Indonesia, this is due to the ease of the fast and efficient funding process for MSME business actors. Equity crowdfunding also requires supervision by the Financial Services Authority which is useful for protecting investors as providers of funds through crowdfunding.

Suggested Citation

  • Edi Wahjuni & Ayu Citra Santyaningtyas., 2023. "Application of Equity Crowdfunding as an Alternative to MSME Business Funding in Indonesia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 454-460, October.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:10:p:454-460
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