IslamicFinance.de

Kickstarter announced the company’s reincorporation as a public benefit corporation, meaning that the crowdfunding company is now legally obligated to make a positive impact on society. The company has legally changed its name from Kickstarter Inc. to Kickstarter PBC and is now required to submit an annual public benefit statement detailing its work for public good. The first of these statements will be issued in February 2017. The crowdfunding company still serves as a for-profit, while doubling down on its social mission of supporting creative endeavors. Time will tell what this move will mean for the company’s financial projections.