The ACfA is the industry association for Crowdfunding professionals and companies in Africa. The goal of the ACfA is to lobby for crowdfunding legislation creation and reforms, increase public awareness, and to create a more cohesive industry structure in Africa that protects investors and democratizes access to capital for all Africans.
Crowdfunding, which has already made huge economic waves in the United States, Europe and Asia, is a method of financing or raising capital that harnesses the power of the masses, or the “crowd” to fund a project, business or endeavours, typically via the Internet. Massolution comment that “crowdfunding is expected for explosive growth.” In nations where Crowdfunding is legal, it has levelled the economic playing field, giving access to capital needed for wealth creation to women and minorities that typically are underserved by traditional capital markets.
There is a huge wealth gap in the emerging world, and crowdfunding is a solution to close this gap. Crowdfunding can provide equal opportunity and equal access to capital that is essential for wealth creation within underserved populations. The ACfA will educate not only the public, but also the policymakers about the benefits of crowdfunding for Africa.
We see crowdfunding as the democratisation of financing for entrepreneurs, thus far we have been thrilled to see the outpouring of African and global support for African entrepreneurs that have had the courage to launch new ideas into the world. There are so many inspiring entrepreneurs in Africa who could do so much to change the world with access to capital. Crowdfunding is the next-gen solution to Africa’s development agenda.
ACfA is adding members and we encourage all crowdfunding companies and those companies who support the growth of crowdfunding to contact us.