Equity crowdfunding still a relevant, dynamic financing tool

Singapore

EQUITY crowdfunding remains a relevant and dynamic market even with the advent of cryptocurrency crowdfunding, which is believed to be the latest innovation in crowdfunding, says Jon Medved, chief of OurCrowd, an Israel-based crowdfunding platform backed by UOB.

For one thing, equity crowdfunding continues to fulfil a funding need among startups, he tells The Business Times in an interview. It allows small, innovative companies to easily raise funds from accredited investors globally - despite their lack of collateral or track record, which many banks still demand before they offer a loan.