Funderbeam, the funding and trading platform, has made a huge step towards entering the Asian market by getting a licence to operate as a financial services company in Singapore.
The Monetary Authority of Singapore (MAS) has given the FinTech firm a capital markets services licence and a recognised market operator licence.
The scaleup, founded in Estonia in 2013, aims become an alternative to venture and SME capital markets.
“Our vision is to be the funding and trading platform of global private companies,” said Kaidi Ruusalepp, the founder and CEO of Funderbeam. “To achieve this, we had to introduce a new business model and technology that could overcome the limitations of the existing, regulated alternative markets.
“We are very pleased to have been recognised by MAS in Singapore — underscoring the high degree of trust towards our vision. As we will soon be operating in two continents, obtaining recognition from the MAS adds further assurances to the robustness of our established marketplace and distinguishes us as a truly global funding and trading platform.”
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