Crowdfunding Emerging Markets

By Tadhg Walker

Crowdfunding has moved into the developing world, helping growth and the expansion of new businesses at an ever increasing rate. Technological knowledge and awareness are on the rise, opening up the developing world to new entrepreneurial opportunities. Crowdfunding platforms are beginning to help direct funds to these entrepreneurs to help build valuable infrastructure and stimulate economic growth.

Platforms, such as Homestrings, began as a vehicle to for African diaspora investors to make a difference back home. Eric Guichard, Homestrings CEO, has found strong support for Homestrings from diaspora and non-diaspora investors alike, due to what he calls a paradigm shift.  Homestrings provides opportunities previously only available to institutional investors, offering projects, funds, bonds or public-private partnerships, for regions investors have come from, or care deeply about.

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Asia’s biggest crowdfunding day?

19 June 2015: Two fund raises today have demonstrated the huge potential of crowdfunding in Asia. China’s Dalian Wanda Group has announced it has raised 5 billion yuan (USD $805M) to help it fund the construction of five new shopping malls. It is planning a further crowdfunding raise in 2 weeks. Singapore based start-up Djenee raised SGD $500,000 on its first day through Swedish platform FundedByMe.

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Malaysia approves 6 equity crowdfunding platforms

12 June 2015: The Malaysian Securities Commission has registered six equity crowdfunding platforms from 27 applications submitted. The six platforms are Alix Global (in partnership with Sweden’s FundedByMe), Ata Plus, Crowdonomic (from Singapore), Eureeca (from UAE/UK), Propellar Crowd+ & pitchIN (from Malaysia).  Announcing these at the SCxSC conference , the SC chairman, Datuk Ranjit Ajit Singh, said these platforms are expected to commence operations by the end of 2015.

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