SGX-CBA crowdfunding JV a move in the right direction
The SGX-CBA equity-based crowdfunding platform - a world first - plays to Singapore's advantage and will boost the entrepreneurial finance ecosystem.
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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."
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