ABSTRACT
The crowdfunding enigma has attained enormous interest around the world, while its existing condition and potentiality for divergent advancement in developing, emerging, and transition economies (DETEs) has captured less attention. In the light of this interest, this chapter explores the present global crowdfunding market with a special focus on DETEs through a systematic literature review (SLR). The chapter discusses the present state of crowdfunding around the world. The theoretical underpinning of crowdfunding is also highlighted. Also, this chapter adds value to the literature by discussing the potentiality of various blockchain models, a momentous innovation of Fintech which can accelerate the success of crowdfunding platforms in DETEs in particular. It is argued that DETEs would indeed eminently benefit from the crowdfunding ecosystem. It is further discussed how crowdfunding can expedite the achievement of sustainable development in DETEs through various approaches.
