Dakar, capital of crowfunding in Africa

A view of the 2016 edition of the FPAM forum.

The Association Financement Participatif Afrique et Mediterranee (FPAM) organizes an important forum on crowdfunding and participative financing on November 15, 2018 in Dakar.

This meeting which is held under the general theme of “financial innovation for development” comes after the success of the first edition of the forum, held in Tunisia, on October 27 and 28, 2016, will be an opportunity to update on technological and regulatory advances in an expanding business.

For Thameur Hemdane, founder of Afrikwity & Cofundy and co-chair of the FPAM network, initiator of the event, this forum will include the state of the art of crowdfunding in African countries, its issues and perspectives. It should be noted that many African countries have not yet adopted crowfishing laws. The absence of a legal framework does not encourage investors and the diaspora to take risks via this process, while many African startups, VSEs and SMEs, excluded from the criteria of classical finance, are looking for financing alternatives.

In Tunis, the first edition of the Forum mobilized some fifteen international experts and major crowdfunding platforms (Afrikwity, Babyloan, Cofundy, Cotizi, Lendopolis, Kisskissbankbank, Wiseed and Zoomaal) that contributed to the wealth of exchanges and themes processed. Their interventions and testimonies demonstrated the adequacy of crowdfunding with the development stakes of southern countries. This forum attracted nearly 400 participants from 12 countries in the Mediterranean and Africa.

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