FundedHere is first equity-based crowdfunding platform to get full nod from MAS

Singapore

THE dawn of securities-based crowdfunding has finally come to Singapore - after FundedHere on Monday said that it has been given the green light by the Monetary Authority of Singapore (MAS) to run the first equity and debt crowdfunding platform here.

FundedHere chief Michael Tee told The Business Times: "The licence we have now is a fully operational licence, and not a provisional licence. We are the first in Singapore to receive this Capital Market Services (CMS) licence and (go live)."