SINGAPORE (March 28): FundedHere, Singapore’s first licensed equity and debt-based crowdfunding platform, plans to reach out to Professional Investors (PI) in Singapore while exploring opportunities to expand in Malaysia and Indonesia.
FundedHere said it will begin offering crowdfunded equity or lending opportunities to private investors other than Accredited Investors (AIs) since it was awarded a Capital Markets Services license by the Monetary Authority of Singapore (MAS) in March 2016.
AIs are defined as individuals with at least $2 million in net personal assets, excluding the primary residence, or $300,000 in annual income.
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