New York headquartered crowdfunding site Kickstarter is the latest to tap into the rising wealth across Asia. Capital from the region has been pumped into more than forty thousand projects. So will the firm see a new wave of money into the arts?
The global crowdfunding platform focused on creativity, has now plugged into the wealth hubs of Singapore and Hong Kong. The company’s stated mission is to help bring creative projects to life.
In a note to finews.asia the firm said «we've been overwhelmed by the passionate backer communities in Hong Kong and Singapore, who have pledged over 300,000 times to more than 40,000 creative projects around the world.»
Creative Financial Funding
Kickstarter claim they are making it easier for creators in Hong Kong and Singapore to launch projects from their home countries by officially opening up Kickstarter to creators in the twin wealth centres. Backers around the world will see more creative and innovative projects emerge and local backers will be able to take advantage of experiential rewards like attending a film screening or going to the opening night of a new restaurant.
Backers from around the world can support any project, including those from Hong Kong and Singapore, on Kickstarter with any Visa, MasterCard, or American Express card.
Creators can now set their projects’ funding goals in HKD and SGD, and set up their accounts using local banking and business details. When projects are successfully funded, pledges will be collected in HKD and SGD.
