TAB has launched the global Crowdfunding and Marketplace Finance Index (CAMFI), marking the start of detailed quantitative tracking of this emerging asset class.
TAB partnered with AIF at Zhejiang University, Hangzhou Linghao Science and Technology Co Ltd and BBD UK to launch the new index, which analyses more than 4,800 debt (P2P), equity and rewards crowdfunding platforms globally to estimate the overall monthly climate of the global marketplace finance and crowdfunding industry to create a single global metric. The latest CAMFI figures show the industry experienced an overall downward trend in June, with CAMFI dropping from 103.40 in May to 87.95 in June, a change of -14.9 per cent.
“CAMFI is a true world first in distilling the overall health of the alternative finance market down into a single number, and will be the single measure by which the world identifies trends and patterns, and assesses the strength of the industry,” says Emily Mackay (pictured), CEO, TAB. “With the holiday season beginning it is not unexpected that June would be a lighter month than May. We look forward to tracking the industry over time with CAMFI.”
Ben Shenglin, Professor & Dean, Academy of Internet Finance, Zhejiang University, says: “Standardisation is a key opportunity for industry players, investors, regulators and academia. Having an index to capture the overall development of the sector is an extremely daunting challenge because the availability, integrity and comparability of the data are notoriously poor across various markets. AIF is proud to have served as the academic advisor for this ground-breaking initiative.”
