fundedbyme

Fundedbyme is now a recognized p2p lending operator in Malaysia

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Scandinavia’s equity crowdfunding platform, Fundedbyme, today received recognition as one of six operators  for Peer-to-Peer crowdfunding by the Malaysian Securities Commission in the Asian region. This announcement positions Fundedbyme as the only European operator in the Asian region. The award was awarded to Fundedbyme Malaysia at the third annual SCxSC Digital Finance hosted by the Securities Commission Malaysia. Malaysian Minister of Finance, Najib Razak and SC chairman Ranjit Ajit Singh handed over the award to Fundedbyme Malaysia’s COO, Angelld Quah, and CEO Daniel Geottfert.

fundedbyme-malaysiaThe Asian region is seeing an explosion in peer-to-peer activity, particularly, and crowdfunding in general,” says Daniel Daboczy, CEO and co-founder of Fundedbyme. “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 continues. The latest equity crowdfunding campaign from Malaysia currently on the platform, iTalent, has registered interest to join from investors in 73 different countries.

Photo: Malaysian Minister of Finance, Najib Razak and Second Finance Minister Johari Abdul Ghani handing over the award to Fundedbyme Malaysia’s COO, Angelld Quah (Source: Fundedbyme)

Fundedbyme Gets Equity Crowdfunding License in Malaysia

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fundedbyme-logoSwedish crowdfunding marketplace Fundedbyme today announces that its partner Alix Global Sdn Bhd, was awarded one of six coveted licenses to operate equity crowdfunding in Malaysia. Malaysia is the first South-East Asia country offering equity crowdfunding licenses. The license allows FundedByMe to start operations in the new market.

The announcement follows careful deliberations by the Malaysian Securities Commission, which closed submissions for licenses in May 2015. The license comes under Section 34 of the Capital Markets and Services Act (2007), by the Malaysian Securities Commission. It will permit the selected platforms to help privately owned businesses raise money from a spectrum of investors – including institutional, accredited, and retail investors – with limitations placed on non-accredited investors.

“We’re extremely excited to be one of the few platforms selected by the Malaysian Securities Commission today, which is a first for the region, and marks a historic moment for Malaysia and the crowdfunding industry. As a business-building crowdfunding platform, we together with our partners Alix Global are thrilled to help build this fast-growing industry of which empowers businesses through crowdfunding,” said Daniel Daboczy, CEO and Co-Founder of FundedByMe. Continue reading →

3 Marketplaces Join Forces to Form Crowdfunding Alliance in Singapore

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Today marks a significant chapter in Singapore’s fast-growing crowdfunding industry, as crowdfunding platforms CoAssets, FundedByMe, and New Union announce an alliance that sees the three platforms combining forces to develop the local and regional crowdfunding industry.

singapore-flagAll three platforms – CoAssets, FundedByMe, and New Union – today have international reach of investors and campaigns. Together the alliance recorded over S$200 million dollars raised through crowdfunding campaigns in 2014, with growth expected to accelerate over 2015.

Said Getty Goh, founder and CEO of CoAssets, “As an individual company, there is only so much we can do. Hence, I am excited and honored to be a part of this three-way alliance. However, this is just a first step and we hope that more stakeholders will join this alliance so that it can eventually pave the way for Fintech trade association. As Fintech is a burgeoning sector, the best way forward is to come together and engage the authorities collectively. Akin to the Singapore Venture Capitalist and Private Equity Association (SVCA) or Real Estate Developers Association of Singapore (REDAS), having a Fintech association is not only a good way to promote self-governance, it can also bring greater awareness to what this industry is all about.”

“We are excited about this development with likeminded partners in the industry. There’s so much more we can do together, once we focus on developing the market here and globally in 2015. Crowdfunding is definitely on an uptrend –– we experienced over 600% growth in 2014 year-on-year –– and expect that the next wave of growth will exponential especially considering this alliance, coupled with surging Asian demand,” said Daniel Daboczy, founder and CEO of FundedByMe.

“Technology and the world-wide-web have become irreplaceable to our daily life, and every day business — and today, this alliance represents the emerging wave of financial services that meet crucial needs in the business community. Our commitment is to work closely with government agencies and financial institutions to spearhead a progressive and trustworthy crowdfunding environment,” Jeremiah Lee, Founder and Managing Director of New Union.

The three platforms plan to launch their first combined crowdfunding project in Q3 of this year, as well as joint conferences over the months following their alliance announcement. Continue reading →

Fundedbyme Launches P2P Loans To Swedish SMEs today

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fundedbyme-logoSwedish p2p equity platform Fundedbyme expands the product portfolio offered to p2p lending today. Typically loans are between 25 and 25,000 EUR. They pay yearly interest, a percentage of the profit and a possible exit bonus. Anyone can lend money to a p2p lending campaign on Fundedbyme. The minimum bid size is 50 EUR per loan. Daniel Dabocy, CEO of Fundedbyme on the reasoning of entering p2p lending: ‘The idea behind our business is to link investors with entrepreneurs in the most efficient way. That is why we talk with both parties very much. When we started to get regular feedback that they would be interested in something between equity-based and reward-based crowdfunding we thought about p2p business lending. And it turned out this is what they need. Now we are launching the product and I am pretty sure results will confirm that we took the right decision.’ (Source).

Fundedbyme says they have (for their equity offer) signed up 47,000 investors, so they are confident they will fund the new loan offers.

I just checked. Right now there are 4 loan-based offers open for funding on the site.

Fundedbyme loan offers

Every company needs to have a turnover of at least 15,000 EUR in early turnover, and have been registered for at least 1.5 years. In addition to this, the information from credit bureaus UC and Bisnode both have to give the company a favourable risk rating. Loans over 40,000 EUR have a personal guarantee. Continue reading →