European Centre for Alternative Finance

The European Centre for Alternative Finance (ECAF) is a research centre within Utrecht University. It has a central role in guiding the international research agenda on alternative finance, supporting financial inclusion and access to finance. ECAF is a joint initiative of Utrecht University School of Economics (U.S.E.), CrowdfundingHub and Sustainable Finance Lab.

Main research topics are:

  • Equity crowdfunding and Peer2Business lending
  • Reward and Donation-based Crowdfunding
  • Fintech

The European Centre for Alternative Finance (ECAF) brings together a network of practitioners, academics, regulators, crowdfunding/P2P associations, policy makers and other stakeholders.