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Innovation & Industry
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Is Crowdsourcing the Future of Civictech and Fintech Innovation?

News RoomNews RoomOctober 27, 2023No Comments3 Mins Read

Key Takeaways:

  • Crowdpolicy, headquartered in Athens, Greece, operates at the intersection of CivicTech, Crowdfunding, Crowdsourcing, and Fintech.
  • Since 2012, the company has been developing innovative solutions for both the Private and Public sectors by employing crowdsourcing techniques.
  • The company’s holistic approach engages citizens in both political and financial spheres, while placing a high emphasis on transparency, collaboration, and accountability.
  • Crowdpolicy offers products and services in Fintech, Govtech – civictech and Open Innovation.
  • Founded by Georgios Karamanolis and Michael Psallidas, Crowdpolicy’s solutions envisage a stronger and more inclusive democracy.

In recent years, the overwhelming emergence of digital technology has sparked a revolution in various industries, enabling the average individual to play a more active role. However, among these tech-driven transfigurations, perhaps none is more exciting and promising than the rise of civic technology, especially when intermeshed with the tenets of crowdsourcing and financial technology. Enter Crowdpolicy. This Athens-based startup aims to exploit the opportunities lying in this convergence.

Crowdpolicy, since its inception in 2012, has been pioneering in merging crowdsourcing, civic tech, and fintech, to develop solutions that defy conventional boundaries. It leverages digital tools, consultation techniques, and participatory methodologies to foster collaboration between individuals, organizations, and companies.

The uniqueness of Crowdpolicy lies in its transformational approach to crowdsourcing. They tap into the collective intelligence, channeling it into creating or redesigning products and services that not only bolster civic engagement but also breed financial innovations. Case in point: the company’s groundbreaking fintech suite, FintelioX. Formulated in 2015, this became one of Greece’s first platforms for social and investment crowdfunding.

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Their Govtech-civictech segment, too, deserves recognition. Since 2013, they have been developing the CrowdApps suite—an integrated cloud suite of applications for cities, municipalities, regions, and local citizen groups. These applications are designed to boost participation, communication, transparency, and local development initiatives, all while granting citizens access to e-government services.

Looking at the future of Crowdpolicy, it’s evident that the startup’s continued exploration and investment in crowdsourcing, fintech, and civictech methods have huge potential. Particularly in an era where digital literacy and civic engagement are increasingly interwoven, their innovative approaches to these sectors are likely to gain more traction.

In conclusion, the development and adoption of civic tech and fintech innovation through crowdsourcing are not only the future of startups like Crowdpolicy but are also integral to a future where democracy is more participatory and inclusive. Staying connected to their latest ventures is just a click away: visit their official website here, follow them on Twitter, Facebook, or connect with them via LinkedIn.


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