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EDA CapitalConnect: An Online Platform for Social Enterprise Financing

EDA CapitalConnect: An Online Platform for Social Enterprise Financing

Daniel Brett, Nikias Stefanakis
Copyright: © 2011 |Pages: 25
ISBN13: 9781615209934|ISBN10: 161520993X|EISBN13: 9781615209941
DOI: 10.4018/978-1-61520-993-4.ch013
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MLA

Brett, Daniel, and Nikias Stefanakis. "EDA CapitalConnect: An Online Platform for Social Enterprise Financing." Advanced Technologies for Microfinance: Solutions and Challenges, edited by Arvind Ashta, IGI Global, 2011, pp. 225-249. https://doi.org/10.4018/978-1-61520-993-4.ch013

APA

Brett, D. & Stefanakis, N. (2011). EDA CapitalConnect: An Online Platform for Social Enterprise Financing. In A. Ashta (Ed.), Advanced Technologies for Microfinance: Solutions and Challenges (pp. 225-249). IGI Global. https://doi.org/10.4018/978-1-61520-993-4.ch013

Chicago

Brett, Daniel, and Nikias Stefanakis. "EDA CapitalConnect: An Online Platform for Social Enterprise Financing." In Advanced Technologies for Microfinance: Solutions and Challenges, edited by Arvind Ashta, 225-249. Hershey, PA: IGI Global, 2011. https://doi.org/10.4018/978-1-61520-993-4.ch013

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Abstract

Since its inception in July 2008, EDA CapitalConnect (EDACC) has sought to address inefficiencies in the market for funding to social enterprises worldwide. To tackle these challenges, the company has developed an online platform that allows social enterprises and institutional funders to communicate with one another, initiate financial transactions, and analyze market trends. The platform seeks to increase deal flow and transparency in the social enterprise space by facilitating information dissemination and the exchange of funding offers between capital providers and seekers of all sizes. As the platform develops, the challenges of achieving financial sustainability and scale will require EDACC to continue to fine-tune its services to meet the evolving needs of the social enterprise community. EDACC’s experience in its nascency suggests that technology providers to microfinance institutions and social enterprises – particularly start up organizations – must pay close attention to the behavior of their target users, and modify their services based upon trends in usage and market perceptions.

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