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State of the art in collective financing of loans: from the risk approach to financing for companies1377
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Abstract
Collective funding is a vertical within technological finance that integrates various approaches to this business model. Lending-based crowdfunding has evolved in line with the advancements in digital technology. This evolution has not only promoted financial inclusion and facilitated access to financing for consumers and companies but has also captured the interest of researchers and academics who have conducted numerous analyses of its dynamics from different perspectives. As an area of study, it is expanding, recently denoting the availability of literature, which was scarce in previous years. Considering a set of articles, mostly Open Access type, this study proposes, first, to conduct a bibliometric analysis, followed by a literature review aimed to identify the diverse approaches under which this business model has been studied. The findings show that, from the perspective of the analyzed approaches, this business model has evolved into an important and current vertical within technological finance, this evolution has permitted the identification of certain factors that influence the outcome of a project or loan application, determining its success or failure.
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