FundedByMe signs LOI with new partner in Singapore, aims to apply for CMS license
FundedByMe Crowdfunding Sweden AB (publ) has entered a letter of intent (LOI) with a potential new partner in Singapore with the ambition to apply for capital market services (CMS) license.
FundedByMe has signed an LOI (Letter of Intent) regarding re-opening the FundedByMe Singapore venture with local and experienced partners under their established Joint Venture model. The ambition is to apply for CMS (Capital Market Services) license. The potential partners are very experienced and the Singaporean crowdfunding market has matured greatly since 2015 when FundedByMe first entered the APAC region. The ambition is to increase the Asian presence and utilize the unique position as a global crowdfunding platform with cross-border transactions. Equity Crowdfunding is a method of crowdfunding where interested people receive shares in companies. The companies crowdfunding reach out to their users, fans, customers and networks as well as the FundedByMe network to find new dedicated brand ambassadors.
The Singapore partners are proposed to be Andre Betker, Angelld Quah, and Daniel Goettfert. The FundedByMe Joint Venture model is comprised of 3 parts, monthly license fee, revenue share, and ownership in the local entity.
FundedByMe operates already under license from the SEC in Malaysia and has previously had a Joint Venture office in Singapore under different management teams. Crowdfunding in Asia is growing fast and FundedByMe considers that a presence in the region is very important for a crowdfunding portal with global ambitions.
For more information please contact:
Daniel Daboczy, CEO
Mobile: +46 73-626 99 85
E-mail: daniel@fundedbyme.com
FundedByMe Crowdfunding Sweden AB is a listed corporate group consisting of the IR company Laika Consulting, FundedByMe who primarly runs the crowdfunding platform www.fundedbyme.com, one of Europe's leading crowdfunding platforms, Feminvest, probably the largest network for female investors as well as six joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands and Dubai/UAE. Together the group reach over 269 000 registred global investment members. The companies shares can be bought through for instance Avanza (FBM MTF B) or Nordnet (FBM MTF B).
