Tagged: malaysia

August 3, 2016 @ 9:32 am By JD Alois  |  

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

July 26, 2016 @ 12:56 pm By Erin Hobey  |  

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

June 7, 2016 @ 3:00 pm By JD Alois  |  

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

June 2, 2016 @ 1:49 pm By Erin Hobey  |  

The Malaysian wedding and baby e-commerce platform, Nuren Group, today announced the public launch of its Crowdo Equity Crowdfunding (ECF) offer with a target amount of MYR200,000. Nuren notes that it is the first Venture Capital Quality ECF Offer in South East Asia.  Nuren also recently announced the completion… Read More

May 25, 2016 @ 8:09 am By JD Alois  |  

Sweden-based investment crowdfundin platform FundedByMe messaged its intent to start operations in Southeast Asia with the opening of an office in Singapore several years back. FundedByme became the first European-based platform to receive a license to operate in the region when the Securities Commission Malaysia approved… Read More

May 22, 2016 @ 10:59 pm By JD Alois  |  

Singapore-based EthisCrowd has closed a S$500,000 seed round for their Islamic real estate crowdfunding platform.  The funding round may be the first of its kind in Southeast Asia. The new capital was led by Azmi Global, a subsidiary of Asmi & Associates – a top… Read More

May 12, 2016 @ 10:56 am By Erin Hobey  |  

Curren$eek, a smartphone app that tells users where to find the best money-changer rates, won the Visa and Association of Islamic Banking Institutions Malaysia (AIBIM)’s Asean Fintech Challenge. The challenge was held in conjunction with the Global Islamic Finance Forum 5.0, to allow start-ups to… Read More

April 28, 2016 @ 11:39 am By Erin Hobey  |  

Crowdo, a South East Asian crowdfunding platform, announced today that it has received its provisional Capital Market Services (“CMS”) License from the Monetary Authority of Singapore (“MAS”). The CMS license will allow Crowdo to offer both equity crowdfunding and peer to business (P2B) lending solutions in Singapore, noted… Read More

March 28, 2016 @ 8:28 am By JD Alois  |  

A group of several prominent entrants in the crowdfunding sector will announce the formation of a new Islamic Crowdfunding Alliance or ICF Alliance on April 1st. Umar Munshi, founder of eThis Crowd (Singapore), M. Raafi Hossain founder of Narwi (Qatar), Erly Witoyo, founder of Kapital… Read More

March 16, 2016 @ 11:03 am By JD Alois  |  

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

February 5, 2016 @ 12:16 am By JD Alois  |  

  Fundnel (pronounced like Funnel) is one of several investment crowdfunding platforms that have launched in Singapore over the past year. But even though there are a growing number of sites entering the internet finance space, Fundnel claims the title of Asia’s first collaborative fundraising platform… Read More

January 21, 2016 @ 4:20 am By Erin Hobey  |  

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

January 18, 2016 @ 8:20 am By JD Alois  |  

Crowdo received one of the few licenses to operate last year granted by Securities Commission Malaysia. Now Crowdo has launched its equity crowdfunding platform claiming it is best positioned to provide accesss and deal flow to both investors and entrepreneurs. Crowdo states it has the… Read More

January 12, 2016 @ 9:30 am By Benjamin Twoon & Justin Chow  |  

Southeast Asia (SEA) represents a burgeoning regional economy comprising of 11 countries with a consolidated GDP of US$2.57 trillion (that’s approximately 15% the size of the US economy), and a combined population of 620 million people. It’s no wonder that there’s a buzz around the… Read More

December 17, 2015 @ 8:24 am By JD Alois  |  

FundedByMe to Focus Solely on Investment Crowdfunding as it Ends Rewards. FundedByMe has shared a platform update, recapping 2015 and looking towards the New Year.  Based in Stockholm, FundedByMe was approved by Malaysian authorities to set up one of six investment crowdfunding platforms.  The company… Read More

November 23, 2015 @ 8:28 am By JD Alois  |  

Kapital Boost has won the Social Enterprise Startup of the Year award during the inaugural ASEAN Rice Bowl Startup event held in Kuala Lumpur, Malaysia. Singapore-based Kapital Boost is the first Islamic peer-to-business (P2B) crowdfunding platform in Asia. Launched in July 2015, Kapital Boost has… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 17, 2015 @ 9:26 am By JD Alois  |  

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

November 3, 2015 @ 10:22 pm By JD Alois  |  

CoAssets, a real estate crowdfunding platform serving Southeast Asia, has just completed its first Expo for Property, Investing and Crowdfunding (EPIC) in Kuala Lumpur, Malaysia.  According to company representatives, the event was a big success as S$ 15 million worth of deals consummated during the… Read More

October 30, 2015 @ 9:13 am By JD Alois  |  

FundedByMe Malaysia to Partner with Rave Accelerator Announced earlier this year following announced equity crowdfunding regulations by the Malaysian government, Sweden-based FundedByMe and Alix Global have entered into a formal joint venture (JV) to operate an equity crowdfunding platform by year’s end. According to information… Read More