Funding manager Karencrowd says: Various areas have entered the field of crowdfunding and the relevant laws must be updated with these changes because the speed of businesses has exceeded the regulation.
According to IDEA, Alireza Agha Ahmadi, director of financing of Karencrowd, says: Various areas have entered crowdfunding at a rapid pace, and therefore the laws should be updated according to these changes.
Karmani is Iran’s first economic reality show
At the beginning of the Karmani program introduction event, Ali Amidi, CEO of Karencrowd, spoke about the background of Karencrowd’s activities and added: “With our help, the Karencrowd crowdfunding platform, the Entrepreneur Bank and the Scientific Vice President, Iran’s first economic reality show will be held on the Filimo platform.”
The basis of our activities in Karencrowd is based on making it easier to attract capital for businesses and on the other hand we can create a positive thing in the minds of the general public with the possibility of profitable investment.
Unfortunately, people’s bitter memory of investment has made people afraid of investing, but crowdfunding is a possibility that is intended for the general public, and they can invest in various projects and receive profit. Amidi will continue to introduce Karmani, the first economic reality show. Iran pointed out and said: Karmani is an economic reality show that is supported by the Entrepreneur Bank and run on the platform of Filimo, and the presence of the Entrepreneur Bank in this program has given it more credibility. I believe that the presence of banks in such programs gives them a more creditable aspect, and according to this procedure, the work of providing capital goes faster.
We at Karencrowd have been able to help businesses that are bigger than us with the help of crowdfunding and to speed up the projects by being on time and attracting funds. Karmani program is also a reality show in the field of crowdfunding and it is supposed to introduce this type of investment to the general public.
We are currently in the production phase and soon this program will be broadcast on Filimo. In fact, Karmani is a program for business development that was prepared in 25 parts with the efforts of the Karen crowd crowdfunding platform and the support of the Entrepreneur Bank and the Vice-Chancellor of Science, Technology and Knowledge-Based Economy.
48 projects have been implemented so far
Amidi continued by presenting statistics about the Karencrowd and added: To date, over 245 billion Tomans in capital have been raised, with the participation of more than 5,000 individual and legal investors in Karencrowd projects. Additionally, 48 successful projects have been initiated and realized within the Karencrowd.
He also discussed the process of project evaluation within the Karencrowd, stating that each project undergoes thorough scrutiny by the Karencrowd team. This approach is taken because we view our investors as key contributors to the sustainability and success of Karencrowd. Companies, as well as individuals seeking lower-risk investment opportunities, are the primary audience for the Karmani program.
The presence of banks promises confidence in projects
Mehdi Seif Alishahi, a member of the board of directors at Entrepreneur Bank, commented on this matter, saying, ‘The involvement of banks lends credibility to these projects. At Entrepreneur Bank, we have built our operations on trust and facilitating businesses. To date, we have directly collaborated with 18 startup ventures.’
Seif Alishahi also mentioned the slogan of the Karmani program, adding, ‘The motto of the Karmani program is that watching this program is beneficial for you.’
During the concluding segment of the event, Alireza Agha Ahmadi, the Director of Karencrowd Crowdfunding, responded to inquiries about the profits from previous projects, stating, ‘To date, we have successfully executed 48 crowdfunding projects across diverse sectors. In terms of returns, one of our projects yielded a 50% profit to investors within just 6 months. This particular project focused on herbal medicine for livestock and poultry.’
Despite the challenges faced last year in the Bucharest project, which led to the closure of cinemas, we were able to achieve the promised 42% return within one year. Our focus is not limited to industrial companies; we are also interested in creative industries and collaborations with sectors that have broader public appeal. This approach helps us attract smaller investments.
In response to concerns about the challenges Karencrowd faces, Agha Ahmadi commented, ‘Our pace of progress has outpaced the regulatory framework, and we hope the regulatory bodies will align more closely with our initiatives. Furthermore, the complexities of building a culture of crowdfunding, coupled with past disappointments in the capital market, have fostered a sense of pessimism among the public. Nevertheless, the data demonstrates that despite the inherent risks of crowdfunding, it has been effectively managed, instilling confidence in those who wish to participate in this field.’
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