Equity crowdfunding specialist OurCrowd has opened an office in Singapore, its seventh worldwide, to serve the growing community of Asian investors interested in funding early stage high-growth companies.
The move follows OurCrowd’s announcement earlier this year, as finews.asia reported, that it had partnered with United Overseas Bank (UOB) and Sassoon Investment Corporation (SassCorp) to pursue equity crowdfunding for startups and SMEs in the region.
OurCrowd also received a formal license to begin operating in Singapore from the Monetary Authority of Singapore in August 2016.
The company has also appointed Denes Ban, (Pictured) a successful entrepreneur and technology executive, as Managing Partner Asia and Head of OurCrowd’s Singapore Management company.
Asian Funding Becomes Majority
Asia and Singapore in particular, is becoming a globally-recognised financial hub for the next generation of innovative technology companies. OurCrowd expects to tap into exciting new deal flow, as well as bringing Asian investors to join in funding global technology companies.
«Asia is one of our fastest growing markets and following our launch in Singapore, we will be looking to take OurCrowd further into the ASEAN market,» said OurCrowd CEO Jon Medved.
OurCrowd’s Asian funding now represents over half of the funding recently invested on the site.
