We saw the world came together to watch the 2014 Brazilian FIFA World Cup from June 12 to July 13. As over a million fans from all over the world poured into Brazil to cheer for their home team, the Brazilian economy was injected with $15 million. However, economists cannot seem to agree whether the Cup has overall been negative or positive towards the Brazilian economy. We are asking how the World Cup has impacted the nation’s crowdfunding industry.
The hospitality, retail, and media sector has thrived, now, more workers have been better trained and been using more advanced technology. The improved and expanded infrastructure will definitely bring long-term economic benefits for the Brazilin economy. So where does crowdfunding lie between all of this? Has the World Cup increased the amount of capital being invested in Brazil through crowdfunding? Will there be an increase in domestic and international investors?
As the Germans are still celebrating their fourth World Cup win, it is still too soon to determine the direct impact the World Cup had on the Brazilian crowdfunding industry. However, there are many indicators, which point towards positive implications. Crowdfunding is no new concept to Brazil, as it has been reputably present since the summer of 2010. Government regulations permit for a flexible and flourishing crowdfunding ecosystem. It is said that financial laws have similar principles to crowdfunding, thereby making it a simple procedure for people to borrow and lend capital. However it seems as though Brazil has not been exploited yet.
Read the whole article and more details on Crowd Valley Blog.