FundedByMe received on Thursday one of six coveted licenses by the Malaysian Securities Commission to operate Peer-to-Peer crowdfunding, making it the only European operator licensed to operate in the Asian region.
“The Asian region is seeing an explosion in peer-to-peer activity, particularly, and crowdfunding in general,” said Daniel Daboczy, CEO and co-founder of FundedByMe. “These six peer-to-peer crowdfunding licenses issued in Malaysia today will give small businesses and entrepreneurs greater access to capital and is the perfect addition to the Equity Crowdfunding licenses issued at the same conference last year.”
The latest equity crowdfunding campaign from Malaysia currently on FundedByMe, iTalent, has registered interest to join from investors in 73 different countries.
“FundedByMe is strategically positioned as the bridge between Scandinavia and Asia as we early-on saw the trend of cross-border investments – in the first equity crowdfunding campaign from Malaysia, Halal Speed Dating, we saw that 40% of investors came from Europe, which is very exciting for both Asian and European entrepreneurs,” Daboczy said.
FundedByMe headquarters are in Stockholm, Sweden, with a local presence in Finland, Singapore, and Malaysia.