SGX-CBA crowdfunding JV a move in the right direction

THE recent announcement of the joint venture between the Singapore Exchange (SGX) and venture capital firm Clearbridge Accelerator Pte Ltd (CBA) to create the world's first equity-based crowdfunding platform in Asia plays to Singapore's advantage as a leading and trusted financial centre and an emerging innovation capital of Asia.

Mohamed Nasser Ismail, head of SME Development & Listings at SGX, said that SGX will work with CBA to help companies access capital more easily and become a pan-Asian platform to support equity crowdfunding.

SGX, adds Mr Mohamed Nasser, has a long history of supporting entrepreneurs. "Our Catalist board is a much sought-after avenue for SMEs to raise funds. This new platform will not only expand our suite of fund-raising services but also enable us to support entrepreneurs and SMEs at every stage of their growth."