FundedByMe launches secondary trading platform for crowdfunded shares.
FundedByMe, Sweden’s largest equity crowdfunding platform, yesterday launched its secondary trading market at a breakfast event held in partnership with SEB at Stockholm’s Stureplan. The trading market, which allows FundedByMe sharesholders in crowdfunded companies to sell their shares to interested parties, will build on the FundedByMe model of connecting people. FundedByMe will introduce buyers and sellers who will negotiate and finalise the purchase of secondary, unlisted shares offline, without any involvement from the platform.
“The response to this early launch has been great,” says Daniel Daboczy, CEO and co-founder of FundedByMe. “We are using this early format as a testing ground and have three goals: a) we do not want to harm any companies that may be opening up a round in the near future b) we do not want to create a dumping ground or graveyard for unlisted shares – unfortunately this is what many of the other secondary markets out there have become – and c) we want to allow FundedByMe members to buy or sell shares even after that company’s campaign on FundedByMe has closed, because we see this need, based on how life circumstances change,” Daboczy continues.
FundedByMe has been contacted by a number of sellers of shares as well as a great number of people looking to buy. The platform does not plan on disclosing the number of shares listed, nor the proposed selling price of these shares, but will privately connect relevant buyers and sellers to complete these transactions directly. “We have had a lot of feedback from our 78,000 members regarding this first version of the trading platform and will continue fine-tuning the offering to offer a product that will be used and loved by both buyers and sellers.”
Learn more about the FundedByMe Trading platform via this link: http://events.fundedbyme.com/trading-day/