Case | HBS Case Collection | September 2013

Homestrings, Inc.: Diaspora-Based Financing and the Crowd Funding of Development

by William R. Kerr and Alexis Brownell

Abstract

Homestrings is an online investment platform for overseas diasporas to link financially with their home countries. The founder believes crowd-funding can become a pillar for development, but U.S. regulatory hurdles and resources constraints are substantial. The company is considering targeting non-diaspora investors, introducing new products like insurance or banking, and related expansion strategies.

Keywords: entrepreneurship; diasporas; Investments; regulations; Africa; crowd-funding; development finance; Entrepreneurship; Business Growth and Maturation; Financial Services Industry; Africa; United States;

Citation:

Kerr, William R., and Alexis Brownell. "Homestrings, Inc.: Diaspora-Based Financing and the Crowd Funding of Development." Harvard Business School Case 814-031, September 2013.