Organizational and Economic Mechanism of Crowdinvesting and its Improvement (Market economy problems)

Summary

• The number of registered self-employed individuals in Russia reached 15.9 million as of 28.02.2026, representing over 20.8% of the economically active population.p.3
• Unique registered clients on the Moscow Exchange reached 40.1 million by late 2025, accounting for 52.5% of the economically active population.p.3
• The number of non-qualified retail investors holding a portfolio over 10 thousand rubles on the Moscow Exchange stood at 4.8 million people as of 01.01.2026.p.3
• The Russian crowdinvesting market grew by 3.56% in 2025 compared to 2024 to reach 13.0 billion rubles, with SMEs holding a 64.2% market share.p.4
• A survey of 15 investment platforms revealed that only 29% consider investor protection a strong suite and 13% maintain a reserve fund for losses.p.10

Key insights

1. Self-employed workers and retail investors are significantly altering financial market dynamics through rapid digital adoption.p.3
2. Retail non-qualified investors heavily favor equity investments, with 49% putting up to 90% of their portfolio into stocks.p.4
3. Digital transformation requires transitioning from rigid functional hierarchies to flexible, cross-functional team structures.p.4
4. The United States led the global crowdfunding market in 2025 with an approximate market share of 22.4%.p.5
5. EquityNet leverages five US patents covering crowdfunding technologies, corporate analytics, and quantitative risk evaluation.p.7
6. WiSEED relies on a community voting approach where individual micro-investments are aggregated into a single holding company structure.p.7
7. Seedrs utilizes a nominee structure to streamline corporate actions while preserving investor economic benefits and subscription rights.p.8
8. StartEngine expanded alternative assets investing by offering fractional ownership in collectible items, fine art, and coins.p.8
9. The primary constraints for crowdinvesting remain high early-stage risk, absence of secondary market liquidity, and limited tax incentives.p.11