Iran’s crowdfunding market exceeded 67 million dollors in 2023

Iran’s crowdfunding market has exceeded 67 million dollors in 2023, and the number of successful projects has reached 320 last year.

According to Iran digital economy annotation, Parash crowdfunding platform has presented a report on the performance of crowdfunding platforms and implementation plans in them.

According to the description of the Paresh report, this report was prepared by the Iran Exchange Company regarding crowdfunding plans as well as the information provided by crowdfunding platforms on their website, and the time period covered is from January 2020 to the end of August 2024.

At the beginning of this report, the issue of regulating the activities of crowdfunding platforms is mentioned and it is stated: The guidelines for crowdfunding were approved by the Supreme Council of Stock Exchange and Securities in May 2018, and two years after that, the crowdfunding evaluation working group For the first time, 3 platforms have been granted operating licenses.

Currently, 28 crowdfunding platforms have managed to obtain operating licenses and more than 385 companies have successfully provided their required resources in the form of about 680 projects. The volume of these resources amounts to almost 138 million dollors.

In the continuation of this report, it is stated that the dispersion of the interest rate on account of crowdfunding plans was high at the beginning of the platform’s activity and has decreased over time. More than 50% of successful projects have initially attracted resources with rates between 26% and 26%, which is close to the risk-free rate of return in different time periods.

ccording to Paresh’s report in 2023, the crowdfunding market has grown significantly and to some extent has succeeded in attracting the positive opinion of investors. This year, 220 companies have attracted resources in the form of 320 projects and managed to attract a total of about 70 million dollors of capital, which has experienced a growth of about 475% compared to last year.

In this year, 24 crowdfunding platforms were licensed to operate, the projects defined by 19 platforms were financed, and the other platforms failed to finance a plan. The process of reducing the gap between the risk-free interest rate and the interest rate on account of collective financing plans continued at the beginning of this year, but with the continuation of the contractionary policy of the Central Bank and the increase of interest rates in the debt market, the average gap between the risk-free interest rate and the interest rate on account The calculation of the plans reached about 8.6 percentage points during the year.