Asian Crowdfunder launches in Malaysia, looking to enter Singapore, Indonesia, Thailand

Visual from the company website

Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month,  and is in the process of starting operations in Singapore, Indonesia and Thailand.

The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs and asset managers backed by decades of experience.

The three co-founders are Frank Holle of Quant Asset Management Pte Ltd, Graham Paling of Mongoose Publishing and Kenneth Kolb of Hot Can bring nearly a century of experience in investment management and successful business management.

Currently Asian Crowdfunder features three Malaysian companies – Sid’s Pubs headed by Geoff Siddle, looking to grow from six successful outlets to 40 successful outlets; FiRe FITNESS headed by fitness celebrity Dave Nuku and Mike Lamb who aim to transform the way fitness is approached in Malaysia; and Impulse Studio, a German technology that uses EMS to help people achieve their fitness goals.

In a press statement, the platform operator said that its main goal is to provide accredited investors from across the world, access to Asia’s tremendous growth opportunities at an early stage, and provide Asian entrepreneurs with capital and knowledge to help level up their ideas and businesses.

Partner and co-founder Holle said that equity crowdfunding (ECF) has been, by far, the most revolutionary financial innovation he has seen in his 25 years of investing. “ECF is changing the way small businesses raise money. With the government realising its importance and setting regulations, Malaysian business now have an even better chance of tapping global investment markets,” he said.

Asian Crowdfunder enables accredited and sophisticated investors to invest in companies raising funds on the Asian Crowdfunder platform and gain equity (ownership) of the company invested in.

It is, however, not among the six platform registered with the Securities Commission.

Related story: Malaysia’s Securities Commission allows 6 players to launch equity crowdfunding services

Explaining its platform, Asian Crowdfunder said accredited investors can browse pitches, which contain information about the business, the founder and the growth plan along with videos, photographs and supporting documents on the platform.

The investor can choose to invest in a particular business or make an alternate offer. Once the investor has invested a certain amount, it will be held in an escrow trust account till the successful completion of the pitch (90 days or earlier).

If the pitch is successful, the business will approve the investors and the money is moved from the escrow to the business in return for company shares. Where the pitch is not successful, the money will be returned to the investor.

Also read:

Malaysia’s New ECF : Ambitious & Challenging

Malaysia to be the first to legislate ECF in region

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.