Crowdfunding for election campaigns: what you need to know
Posted: Wed Feb 19, 2025 8:04 am
Find out why more and more politicians have opted for crowdfunding for their electoral campaigns and the benefits of this form of fundraising.
Since 2015, financing of electoral campaigns by companies has been prohibited, which has led parties and coalitions to seek new ways of raising money for this purpose.
In 2017, we saw changes to the rules on fundraising and financing for electoral campaigns, and one of the big news for candidates was that the Superior Electoral Court (TSE) authorized collective fundraising websites to promote candidate sponsorship campaigns, regulating the practice of crowdfunding in elections.
2018 was the first year in which full campaign financing was romania mobile database authorized and fundraising began in May. However, even today in 2020 it is necessary to better understand the dynamics of this type of action and the rules that need to be followed. You can read all about it below in our post.
Crowdfunding: What is crowdfunding?
Literally, the translation of the English term crowdfunding means something like 'crowd financing', which refers to the collaborative and collective nature of this type of mobilization. It is a practice permitted by law and can be carried out through online fundraising sites or sponsorship links, for example.
This fundraising strategy has been used by startups for some time. The tactic has proven to be quite effective for companies and even artists and collectives that want to raise funds to invest in the development of their projects.
It works like a virtual 'fundraiser'. Anyone who wants to can contribute and make the payment completely online. The collaborative platforms responsible for the collection receive a commission that is usually 5% of the financing amount, but this number can vary.
Virtual fundraisers generate around 60 million per year and the expectation is that with the regularization of collective campaign financing this number will increase considerably with each election.
Since 2015, financing of electoral campaigns by companies has been prohibited, which has led parties and coalitions to seek new ways of raising money for this purpose.
In 2017, we saw changes to the rules on fundraising and financing for electoral campaigns, and one of the big news for candidates was that the Superior Electoral Court (TSE) authorized collective fundraising websites to promote candidate sponsorship campaigns, regulating the practice of crowdfunding in elections.
2018 was the first year in which full campaign financing was romania mobile database authorized and fundraising began in May. However, even today in 2020 it is necessary to better understand the dynamics of this type of action and the rules that need to be followed. You can read all about it below in our post.
Crowdfunding: What is crowdfunding?
Literally, the translation of the English term crowdfunding means something like 'crowd financing', which refers to the collaborative and collective nature of this type of mobilization. It is a practice permitted by law and can be carried out through online fundraising sites or sponsorship links, for example.
This fundraising strategy has been used by startups for some time. The tactic has proven to be quite effective for companies and even artists and collectives that want to raise funds to invest in the development of their projects.
It works like a virtual 'fundraiser'. Anyone who wants to can contribute and make the payment completely online. The collaborative platforms responsible for the collection receive a commission that is usually 5% of the financing amount, but this number can vary.
Virtual fundraisers generate around 60 million per year and the expectation is that with the regularization of collective campaign financing this number will increase considerably with each election.