Crowdfunding: the alternative fundraising strategy for your business
Hear Nick Rademaker, Funding Director of FundedHere, talk about crowdfunding - something that is still in the early stages of development in Asia compared to Europe and North America. In Singapore, however, crowdfunding has taken off and is becoming a popular way for entrepreneurs to raise capital and grow their businesses.
In 2016, the Monetary Authority of Singapore (MAS) issued the capital markets and securities (CMS) license to crowdfunding firms, regulating this new form of fundraising. Furthermore, the collaboration with Singapore Exchange Limited (SGX) now allows Singapore Listed Companies to raise capital via the crowdfunding channel. This became a significant turning point for the business scene in Singapore, with a plethora of new businesses emerging in the economy. With the new regulation imposed by the MAS, we will discuss crowdfunding and its impact on the Singapore business scene.
About Nick Rademaker
Nick Rademaker is a Canadian trained CPA with years of experience in audit and tax with Deloitte in North America. This exposure covered a wide breadth of industries and corporations ranging from construction, manufacturing and SMEs through to some of the largest insurance and financial institutions in the region. His previous role was in Melbourne, Australia where he worked as a senior consultant for KPMG.
Passionate about innovation for social good and the welfare of start-up sector in Singapore and South East Asia, Nick currently operates as FundedHere’s Funding Director in an aim to help more new companies with high growth potential access capital and scale new ideas and technologies across Asia and beyond.
He believes that increasing the potential in this area is the best way to empower the brightest ideas of tomorrow and drive wealth creation for small individual investors and the global economy as a whole.