Fundnel, a Singaporean equity crowdfunding platform, announced today it has received a provisional Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) — clearing a major regulatory hurdle within the industry.
The startup is a platform that facilitates the sale of securities in growth-stage and pre-IPO companies, and receiving the license allows Fundnel to openly market itself as an ‘equity crowdfunding’ service.
“We [would] like to thank MAS for making this possible and commit to offering quality private investments on our platform. With due compliance to...
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