Newly licensed player in crowdfunding to serve SMEs and investors. FundTier is the newest crowdfunding platform to receive licence from MAS.
Singapore, 28 December 2017 – A local start-up, FundTier, is the latest player in the crowdfunding industry to be licensed. Founded by five experienced ex bankers, the company has met the criteria set by Monetary Authority of Singapore and obtained a Capital Market Services (CMS) licence on 14 December 2017.
With the CMS licence, the company will be able to reach out to investors through its online platform. The company aims to provide an alternative funding avenue for the SMEs in Singapore which may experience difficulties at times in meeting the requirements by the banks for their financing needs.
“We are aware of the limitations SMEs may face when they try to get a bank loan. The purpose of FundTier is to address the funding gap for some of these underserved SMEs which have promising business growth plans but could not get the necessary funding from conventional financiers,” explained Mr Shaun Lee, Co-Founder of FundTier Pte Ltd.
“At the same time, we have an existing pool of investors who are looking for unconventional investment tools. Many of them are drawn to funding SMEs due to its fast turnaround and reasonable rate of returns.”
FundTier will be having its soft launch on 29 December 2017.
FundTier is a local start-up founded by five ex bankers which runs a secure online platform to facilitate a connection between local businesses looking for alternative funding and individuals looking for alternative investment options. The company aims to help local SMEs attain the financing they need to grow their businesses, while providing investors a trusted, viable platform to generate income from their investments.
By signing up, you will receive the latest updates from FundTier.
FundTier is regulated by the Monetary Authority of Singapore and holds a Capital Markets Services licence to deal with securities. Investors’ monies are separately controlled by a MAS-regulated trust company.