Le Manager
Volume 9, Numéro 2, Pages 393-426
2022-10-30

Algeria's Crowdfunding Challenges And Prospects

Authors : Abdelaziz Salaheddine .

Abstract

Abstract: This study focuses on the characteristics of Small and medium enterprises (SME) in Algeria and their access to finance, establishing the mechanism of operation of crowdfunding platforms, and efforts and problems in implementing crowdfunding platforms in Algeria. Although the number of SMEs in Algeria is growing, the study found that they are suffering from a lack of diversity, limited activity, lack of sustainability, and a funding gap, which is a strong motivation for using crowdfunding platforms, which have proven to be effective in providing funding in a variety of formats. Despite the fact that crowdfunding platforms are legally recognized in Algeria, restricted access to technology, insufficient legal and regulatory frameworks for crowdfunding, and slow acceptance of electronic payment are the most pressing issues that must be addressed. Overcoming it by accelerating Algeria's digital transition and establishing a legal and regulatory framework for this new sort of finance. Keywords: Small And Medium Enterprises, Start-Ups, Crowdfunding, Algeria. Jel Classification Codes: D92, F20.

Keywords

Small And Medium Enterprises ; Start-Ups ; Crowdfunding ; Algeria