The Business Times
SUBSCRIBERS

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

Published Mon, Mar 21, 2016 · 09:50 PM

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)."

Singapore's two other equity crowdfunding players - Capbridge (a platform set up by Clearbridge Accelerator and Singapore Exchange in January 2015) and Crowdo (founded in early 2013) - both said they have won "in-principle approval" of a CMS licence (ie, provisional licence) and will soon receive full licences from MAS to roll out their platforms.…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here