Crowdfunding Prospects in Nepal

Abstract

Graduation of Nepal from Least Developed Country (LDC) by achieving remaining criteria of Gross National Income (GNI) per capita threshold of US $1230 from the status of US $1,196 is urging for huge investments in Nepal. The study helps to analyze the potentiality of crowd funding in Nepal with the due consideration of its financial development, technological advancement and regulatory requirements & legislations. Government of Nepal and Nepal Rastra Bank are contributing towards Digital Nepal under the Digital Nepal Framework-2019. The conglomeration of Financial Technology (FIN-Tech), and Information and Communication Technology (ICT) in Nepalese financial system is facilitating the implementation of crowdfunding. Similarly, the study reveals that crowdfunding has potentiality of becoming the pillar of alternative finance source in Nepal. However, lack of regulatory guidances is the major barrier for the establishment, operation and growth of crowdfunding, which requires a rigorous study on it scope, viability and regulation.

Opportunities and Barriers for FinTech in SAARC and ASEAN Countries

“…Business entrepreneurship and growth require funds. Crowdfunding and peer-to-peer lending can be viable sources for raising such funds (Nepali 2021;Yunus 2019). There is high growth potential for business-associated FinTechs such as crowdfunding, peer-to-peer lending, InsurTech, and RegTech in ASEAN regions.…”