sfsСибирская финансовая школаSiberian Financial School1993-4386Novosibirsk State University of Economics and Management "NINH" (NGUEU)10.34020/1993-4386-2025-3-82-87sfs-591Research ArticleФИНАНСЫFINANCEКраудфандинг как инновационный механизм финансированияCrowdfunding as an innovative financing mechanismhttps://orcid.org/0000-0002-1017-3779КрамаренкоА. И.KramarenkoA.

Крамаренко Анна Игорьевна – кандидат экономических наук, доцент директор Департамента развития

Scopus ID: 58284110200

Бишкек

Anna I. Kramarenko – Candidate of Economic Sciences, Associate Professor, Director of the Department of Development

Scopus ID: 58284110200

Bishkek

Некоммерческое образовательное учреждение Учебно-научно-производственный комплекс «Международный университет Кыргызстана»КыргызстанNon-profit educational institution Educational, scientific and production complex "International University of Kyrgyzstan"Kyrgyzstan202518102025038287Copyright © Крамаренко А.И., 20252025Крамаренко А.И.Kramarenko A.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://sfs.elpub.ru/jour/article/view/591

В статье рассматривается краудфандинг как современный финансовый инструмент, формирующий новые подходы к привлечению капитала. Автор анализирует эволюцию коллективного финансирования от исторических прецедентов до цифровых платформ, исследует различные модели краудфандинга и их применение в современной экономике. Особое внимание уделяется роли технологического прогресса в развитии данного механизма и его влиянию на трансформацию финансового ландшафта.

The article examines crowdfunding as a modern financial instrument that is shaping new approaches to capital raising. The author analyzes the evolution of collective financing from historical precedents to digital platforms, and explores various crowdfunding models and their application in the modern economy. Special attention is given to the role of technological progress in the development of this mechanism and its impact on the transformation of the financial landscape.

краудфандингколлективное финансированиефинансовые технологиицифровые платформыальтернативное финансированиеcrowdfundingcollective financingfinancial technologiesdigital platformsalternative financing.ReferencesКувалдина Т. Б., Следнева К. Е., Балашова Ю. Г. Краудфандинг как элемент цифровой финансовой инфраструктуры // Сибирская финансовая школа. 2025. № 2 (158). С. 113–123. DOI: 10.34020/1993-4386-2025-2-113-123Kuvaldina T. B., Sledneva K. E., Balashova Ju. G. Crowdfunding as an Element of Digital Financial Infrastructure, Sibirskaja finansovaja shkola, 2025, No. 2 (158), рp. 113–123. (In Russ.). DOI: 10.34020/1993-4386-2025-2-113-123Bouncken R. B., Komorek M., Kraus S. Crowdfunding: The Current State of Research // International Business & Economics Research Journal. 2015. Vol. 14, No 3. РP. 407–416. DOI: 10.19030/iber.v14i3.9206Bouncken R. B., Komorek M., Kraus S. 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The authors declare that there are no conflicts of interest present.