What is alternative financing? Why is it so useful?

[Good-Person]

There are many investors that depend a lot on many mainstream financial methods. However, there are many people who depend a lot on many different kind of other method of financing a business. These methods are known as "alternative finance". So, what are some of the common things that fall under this category?

 

[Debashis]

Alternative financing refers to non-traditional ways of raising funds, such as crowdfunding, peer-to-peer lending, or invoice financing. It's useful because it provides access to capital for individuals or businesses that may have difficulty obtaining funding through traditional channels, offering more flexibility and potentially lower costs.