CoAssets, FundedByMe, and New Union come together to form an international platform to up the crowdfunding game in Southeast Asia
Crowdfunding platforms CoAssets, FundedByMe, and New Union bring their specializations together in an official alliance to grow the crowdfunding industry in Southeast Asia. Altogether, the alliance has recorded over S$200 million dollars raised through international campaigns to date, and have exciting plans to accelerate this growth in the coming months.
With the crowdfunding industry in Southeast Asia still relatively young, the alliance sees huge potential in developing the region, beginning with market education, and later moving towards building the industry as a credible, trustworthy environment to grow. Crowdfunding’s exponential growth in Asia[1] shows that there is indeed a great opportunity to initiate advancements in this space.
“We hope to shed positive light on the crowdfunding industry and attract stakeholders to help us further grow the crowdfunding scene in Southeast Asia,” says Getty Goh, founder and CEO of CoAssets.
By forming an alliance from three different crowdfunding backgrounds, the members aim to provide both an alternative financing scheme for SMEs and entrepreneurs, while simultaneously providing another platform of investment to interested parties.
“Through this alliance, we are able to pool together our networks, bringing together the biggest and most influential players in each industry, with both international reach, and local expertise. It is truly exciting to begin working with such capable and likeminded partners in the industry,” says Daniel Daboczy, Founder and CEO of FundedByMe.
With strong goals to ramp up the crowdfunding scene in Southeast Asia and to firmly establish crowdfunding as the next big thing in finance, the alliance has lined up a combined project for Q3 2015, and is also looking towards joint conferences in the next few months.
“This alliance represents the emerging wave of financial services that will meet crucial business needs. We are extremely excited to bring a new avenue to connect drivers of business, and allow them access to funds that weren’t previously available to them,” says Eddie Lee, Managing Director of New Union Singapore.
About CoAssets:
CoAssets Platform is Southeast Asia’s leading real estate crowdfunding platform. Since its launch in July 2013, it has more than 9,000 registered investors and has more than US$30 million closed deals to date. Find out more at www.coassets.com.
About FundedByMe:
FundedByMe is one of the fastest-growing investment platforms in the world, and is now expanding across Asia. They are a trusted, one-stop crowd investment partner with deep connections within the funding ecosystem. Find out more at www.fundedbyme.com.
About New Union:
New Union is one of the largest platforms in the debt-based crowdfunding sectors in the APAC region. The site has over 50,000 registered members across Singapore, China, and a large growing user base in Taiwan. New Union has funded SG$160 million to over 500 SMEs, generating more than SG$5 million of investment returns to their funding members. Find out more at www.newunion.sg
