FundedByMe granted in-principle approval to operate the first DFSA regulated and DIFC incorporated Equity Crowdfunding Platform
Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, today the platform announces final steps to launch its operations in Dubai for the UAE and the MENA region. An in-principle license has been granted conditional to completing the setup of the local entity. Operations will commence early in 2019.
FundedByMe, founded in Sweden in 2011, is the fastest growing crowdfunding platform in Scandinavia with offices in Sweden, Finland, Poland, The Netherlands, Singapore and Malaysia. Now entering Dubai as the region’s first equity crowdfunding platform, fully incorporated at the DIFC and fully regulated by the DFSA.
“I am delighted to welcome FundedByMe, the leading equity crowdfunding platform in Scandinavia, to the UAE. Our services are designed to help new-to-market entrepreneurs and existing businesses access smart capital to create growth in the UAE and beyond. Crowdfunding is on an exponential growth trend globally, from US $1.5 bn in 2011 to around US $100 bn by 2025 (according to the World Bank).” says His Highness Sheikh Saeed O. Al-Maktoum, one of the first investor’s in FundedByMe MENA and an active crowdfunding enthousiast
The FundedByMe MENA unique offering will support early stage and growth companies in the technology and finance sectors. Providing SMEs with a more flexible access to capital at a lower cost than conventional channels. FundedByMe technology proves to be more effective for both investors and entrepreneurs. FundedByMe MENA will be offering early deal-flow access to high-potential asset classes formerly unavailable to individual and retail investors.
“FundedByMe addresses and supports the growing needs of entrepreneurs and businesses looking for alternative finance, whilst providing unique investment opportunities not typically accessible to individual and retail investors in the fast-developing MENA region. It’s state-of-the-art technology and security architecture are considered among the best and are well recognised by international standards.” says Mr. Hamdi Osman, Chairman, FundedByMe MENA
FundedByMe is a well established company, and one of the first platforms focusing on equity crowdfunding, while leading in cross-border investments. The company's clear differentiation from competitors is being truly global. With a network of over 250,000 global registered investor members, it has helped over 500 businesses to raise more than $56 million through crowdfunding.
“We are at the final stage of fulfilling the license requirements to become the first equity crowdfunding platform, fully incorporated in the UAE. Once process is complete, we will bring to the UAE and the wider MENA region a true growth enabler, supporting the DIFC and Dubai initiatives to unleash SME potential through alternative funding. Central to our offering is FundedByMe's proven operational excellence and our commitment to full transparency for both our investors and entrepreneurs.” says Mr Samer Toukan, CEO, FundedByMe MENA
FundedByMe is the fastest growing crowdfunding platform in Scandinavia and leader in global equity crowdfunding. In the past years, some 500 companies from 25 different countries have been successfully funded with more than €55 million. The member base is a rapidly expanding network of more than 250,000 registered global investor members globally. FundedByMe is headquartered in Stockholm, Sweden, with a local presence in Dubai, Finland, Malaysia, Poland, The Netherlands and Singapore. For more information visit www.fundedbyme.com