he Securities Commission has announced six equity crowdfunding platforms, which are expected to start operations in the Malaysian market by end-2015.
The six platforms are Alix Global, Ata Plus, Crowdonomic, Eureeca, pitchIN and Propellar Crowd+.
SC chairman Datuk Ranjit Ajit Singh said over the years, Malaysia has developed a diversified and well-established RM2.8 trillion capital market, helping businesses to grow as well as financing
long-term investments in the economy.
“However, for capital markets to be inclusive, small and medium enterprises and start-ups must also be able to obtain market-based financing.
“Hence, it is timely to further widen access through innovation in financial technologies such as equity crowdfunding framework,” said .
The announcement was made at the Synergy and Crowdfunding Forum 2015 on Thursday.
The six platforms were selected from 27 applications submitted to the SC.
(Source: http://www.thestar.com.my/Business/Business-News/2015/06/11/SC-announces-6-equity-platforms/?style=biz, 11 June 2015)
