Year 3 Business and Year 1 Computing students of Laksamana College of Business (LCB) attended a talk on Crowdfunding by Managing Director and founder of Jana Kapital Haji Aidil Bahrin bin Dato Seri Laila Jasa Haji Mohd Salleh on Tuesday.
Haji Aidil said, “Crowdfunding is a new emerging financing model. It is a way of raising capital for a business through contributors via the Internet. It entails financing an idea, a project or seed capital, a person, or a cause through the collection of small amounts of money from a larger number of providers.
“Crowdfunding platforms can grow rapidly because of technology. The ease and speed of online transactions, as well as the ability to fund projects directly makes crowdfunding highly appealing, especially to Millennials.”
The talk covered the benefits and challenges of crowdfunding and concluded with a question-and-answer session.