Singaporean crowdfunding company CoAssets is reinforcing its position as the biggest crowdfunding player in the region by opening a second office in the city-state.
CoAssets' rapid expansion follows after it launched its cutting-edged lead generation platform and completed a series of crowdfunding deals in Australia and China over the last 2 months. To date more than $45m has already been raised on the CoAssets platform since it was launched in 2013.
Regional Growth
Now on the back of its strong and speedy growth in the region and to steer its future growth, the company has just opened its second office in Suntec City, Singapore.
In China, CoAssets’ investor base jumped by more than 200 within the first day of its launch. The CoAssets Tokens (CAT) campaign was also favourably received by users in China, drawing two fully-funded “virtual” projects in a matter of days.
Industry Innovations
CoAssets’ tokens are an innovative way for new crowdfunders to familiarise themselves with the crowdfunding process. Each new registered user of the China CoAssets’ platform was able to claim 2,888 CoAssets tokens to invest in a virtual crowdfunding project.
When the deal matures, these investors will be able to withdraw their returns, as per a normal crowdfunding opportunity facilitated by the CoAssets’ platform.
Alternative Financing
«A series of successful projects and contract wins in the region has allowed us to expand our operations. With our second office here in Singapore and a fast growing team across the region, our capacity to serve businesses and provide them with alternative financing options have been greatly enhanced,» said Getty Goh Chief Executive Officer and Co-Founder.
CoAssets currently have offices in Australia, China, Indonesia, Malaysia and Singapore. It has raised more than $45m over its crowdfunding platform and facilitated more than 50 projects since the company was founded in 2013.
