FundedByMe Granted Approval to Start Operating in Dubai

FundedByMe Granted Approval to Start Operating in Dubai

Following the strategic growth of FundedByMe, aiming at becoming the most global crowdfunding platform, the platform announced today the final steps to launch its operations in Dubai for the UAE and the MENA region.

An in-principle license has been granted conditional to completing the setup of the local entity. Operations will commence early in 2019.

FundedByMe, founded in Sweden in 2011, claims to be the fastest growing crowdfunding platform in Scandinavia with offices in Sweden, Finland, Poland, The Netherlands, Singapore and Malaysia. Now entering Dubai as the region’s first equity crowdfunding platform, fully incorporated at the DIFC and fully regulated by the DFSA.

“Crowdfunding is on an exponential growth trend globally, from US $1.5 bn in 2011 to around US $100 bn by 2025 (according to the World Bank).”

says His Highness Sheikh Saeed O. Al-Maktoum, one of the first investor’s in FundedByMe MENA and an active crowdfunding enthusiast

The FundedByMe MENA unique offering will support early stage and growth companies in the technology and finance sectors. Providing SMEs with a more flexible access to capital at a lower cost than conventional channels. FundedByMe technology proves to be more effective for both investors and entrepreneurs. FundedByMe MENA will be offering early deal-flow access to high-potential asset classes formerly unavailable to individual and retail investors.

“FundedByMe addresses and supports the growing needs of entrepreneurs and businesses looking for alternative finance, whilst providing unique investment opportunities not typically accessible to individual and retail investors in the fast-developing MENA region. It’s state-of-the-art technology and security architecture are considered among the best and are well recognized by international standards,”

says Mr. Hamdi Osman, Chairman, FundedByMe MENA

FundedByMe is a well-established company, and one of the first platforms focusing on equity crowdfunding, while leading in cross-border investments. The company’s clear differentiation from competitors is being truly global.

With a network of over 250,000 global registered investor members, it has helped over 500 businesses to raise more than $56 million through crowdfunding.

Featured image credit: Unsplash