Overcoming the Digital Divide: SMS-Powered Crowdfunding Models for Marginalized Regions

Abstract

Crowdfunding literature primarily assumes the phenomenon as internet based. With the untapped potential of crowdfunding activities in marginalized regions, little is known of the viability of non-internet-based crowdfunding models in explaining crowdfunding success and how they compare with internet-based models. Non-internet-based crowdfunding models proliferate due to digital divide infringements. This research leverages fit-viability perspectives and crowdfunding literature to explain the significant differences in utilizing either model for crowdfunding. Based on our analysis, SMS-powered crowdfunding models offer a more equitable opportunity for success in terms of both social and economic readiness, as compared to internet-based models. We offer theoretical and practical implications to support our analysis

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