Singapore fintech startup gets accredited by Malaysia regulator
Singapore SINGAPORE crowdfunding platform Crowdonomic has been named a registered equity crowdfunding (ECF) platform in Malaysia by the Securities Commission Malaysia (SC).
Crowdonomic is said to be the first and only homegrown platform to be conferred this status in South-east Asia. Six platforms - including Malaysia's Alix Global, Ata Plus and pitchIN, Dubai's Eureeca, and Asia-Pacific player Propellar Crowd+ - were announced by SC chairman Ranjit Ajit Singh at the SC's Synergy and Crowdfunding (SCxSC) Forum 2015 on Thursday.
The six were selected from 27 global applicants that had responded to SC's call for ECF operators in February, and are expected to start ECF operations by end this year.
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