A Framework of Crowdfunding for Startups: A Case Study of P2P Lending by Using the Meta-Synthesis Method

The present article developed a P2P lending model to provide a startup business financing framework. For this purpose, it used a meta-synthesis approach. This research was applied in terms of goal and documentary data gathering. The researchers used the meta-synthesis method to conduct an in-depth and accurate review of the subjects and obtain corporate relevant research findings. 1372 relevant documents and research were retrieved from the scientific websites of Web of Science and Scopus, as well as from Google sites from 2000 to 2020, leading to a final 34 documents, the relevant dimensions and codes of which were extracted by using content analysis. In the end, 5 main categories (institutional structures, pre-payment, financing and payment, post-payment, and risk management), 11 subcategories (loan application, screening, loan rating, loan listing, investment assessment, financing, loan issuance, information update, repayment, risk factors, and risk reduction strategy), 31 concepts, and 194 codes were determined and the P2Pl ending framework was provided. In the meantime, the experts confirmed the results based on the kappa Index of 0.833.