The CrowdPlus.asia equity crowdfunding platform has been launched across five Asian markets, with its operator describing ECF as an alternative, if not downright disruptive, avenue for startups and SMEs to raise funds.
Asian Crowdfunder has launched its platform in Malaysia with three projects on offer, and said it is also in the process of starting in Singapore, Indonesia and Thailand.
The Securities Commission Malaysia (SC) has announced the approval of six registered equity crowdfunding platforms, giving small businesses and entrepreneurs greater access to capital.
The Securities Commission Malaysia (SC) said that operators interested in establishing and operating an equity crowdfunding (ECF) or Shariah-compliant ECF platform can now submit their application.
Equity crowdfunding platform FundedHere has been launched in Singapore to facilitate equity-based funding and venture debt for startups in the region from as low as S$5,000 (US$3,700) each, even as regulators in both Singapore and Malaysia look to facilitate such platforms.
Securities Commission Malaysia (SC) has released the Guidelines on Regulation of Markets under Section 34 of the Capital Markets and Services Act 2007 to introduce new requirements for the registration of equity crowdfunding (ECF) platforms, and to provide governance arrangements for the operator of such platforms.
The proposed regulatory framework for an equity crowdfunding platform has been revised based on public feedback, Securities Commission Malaysia (SC) said in a statement.
Jason Best of Crowdfund Capital Advisors advises entrepreneurs on what comes next after having raised funding through equity crowdfunding or rewards-based crowdfunding. Karamjit Singh was there to soak it in at the recent SCxSC event.
The equity crowdfunding platform that the Securities Commission Malaysia (SC) is proposing will depend heavily on investor confidence, its chairman Ranjit Ajit Singh acknowledged.
A new mobile dating app called Salamz, by Malaysia-based startup Rocketech Ltd, is targeting a gap -- young Muslim singles who want to meet the traditional way.