Newly Licensed Crowdfunding Player Kickstarts Platform To Serve Smes And Investors in Singapore
by Company Announcement January 24, 2018
Local start-up, FundTier, has launched its crowdfunding platform officially after obtaining the Capital Market Services license last December.
Founded by five former bankers, FundTier aims to connect local SMEs seeking alternative funding with investors who have an interest in funding SMEs.
“We wish to create a win-win situation for both parties whose needs have been largely underserved,”
explained Mr Shaun Lee, Co-founder.
To protect the interests of its investors, FundTier will curate every funding request by assessing the requesting company’s financial position and its growth potential. All funding requests to FundTier will be listed only upon passing the assessment by FundTier’s team of highly experienced credit assessor.
Mr Lee added:
“The stringent process of selection is necessary to instil confidence in our pool of investors as we aim to minimise investment risks for them.”
To register an account with FundTier, potential investors need to deposit an initial balance into an escrow account managed by Vistra Corp Trust, a trust company licensed by Monetary Authority of Singapore.
By partnering with Vistra Corp Trust, FundTier is able to promise security and transparency in funds movement to all its investors. No funds will be disbursed without the authorization of any investor. Investors can expect to earn an attractive return, depending on the risk and tenor of the funding request.
Featured image via Fundtier Facebook page
