Crowdfunding sector gears up for regulation following surge in growth

Regulation has the potential to streamline the crowdfunding sector and accelerate the growth it has seen in recent years.

After seeking advice from the Central Bank, the Department of Finance is considering the introduction of crowdfunding regulation in Ireland.

According to Peter O’Mahony, chief executive of Ireland’s biggest peer-to-peer lending platform Linked Finance, worldwide crowdfunding has grown exponentially.

“It’s increased from €3 billion internationally in 2012 to €20 billion in 2015. We’ve seen ...