Funding-trading platform bags financial-service licences

Singapore

ESTONIAN-FOUNDED funding and trading platform Funderbeam has secured two licences that would allow Singapore-based early-stage companies to list their businesses for funding, and for accredited investors to invest and trade in the stakes of these companies listed on the platform, it said in a press release on Thursday.

The two financial-service licences, the Capital Market Services licence and the Recognised Market Operator licence, will allow Funderbeam to introduce its automated trading and secondary listing service in Singapore, tapping regional investors and entrepreneurs headquartered here.