A sharing economy is an economic model in which individuals can borrow or rent assets owned by someone else. Popular shared economy firms such as Uber and Airbnb have become commonplace around the world as well Australia.With the development of FinTech, the movement to make financial related services accessible, fast, and convenient for end users, various services are being born.
For example, payments, transfers, and settlement with a smartphone have become comfortable and custom in a daily life.
Similarly, Crowdfunding is also growing - focused on social lending, crowd-investing, peer to peer and equity for venture capital for start-ups.
According to Frost & Sullivan’s FinTech in Australia – Trends, Forecasts and Analysis 2015 – 2020, the Australian FinTech sector is forecast to grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1billion will be entirely new added value to the Australian economy.
The Australian FinTech Sector also generated A$247.2 million in 2015.
Sharp growth in the FinTech market in 2016 and 2017, followed by steady increases through to 2020, is likely to spur growth.
CrowdfundUP's is changing investment into property by creating a global online marketplace based on crowdfunding in Australia and next, worldwide.
The field of investment in the sharing economy makes it possible for individual participation to realise even better living with the backdrop of the era of low-interest rates and it is likely to expand the market further.
If you are looking for income supplementation, then there are dozens of sharing economy platforms that can help you with that. These include Airbnb for sharing your house, JustPark for parking much more.
On the other hand, you are looking to leverage sharing economy platforms to boost your business or new innovative product, developing a property,
then there are plenty of sharing economy platforms that can facilitate this.
The growth of crowdfunding and the sharing economy system can both be effective ways for fundraisers who can present socially significant actions and economic concepts.
If you have awareness of social issues and clear ideas, you may be able to solve significant problems by using the platform of crowdfunding and presenting ideas.
A growing number of Australian investors and administrators communities that challenge risk positively are hoping for mutual friendship and development in the Australian market.
The information in this article is general in nature. Any advice it contains is general advice only and has been prepared without taking into account the objectives, financial situation or needs of any particular person.
The article content is not intended to be a substitute for professional advice and readers are urged to seek their own appropriate advice before making decisions.
Any reference to a particular investment is not a recommendation to buy, sell or hold the investment.