Singapore’s crowdfunding platform FundedHere launches private stock exchange

Marina Bay Financial Centre, Singapore. Photo: sayhitobel/unsplash

Singapore-based crowdfunding platform FundedHere has launched FundedX, a new private stock exchange to facilitate the trading of shares of high-growth startups and privately-held companies in Southeast Asia.

According to an announcement, FundedX will transform Southeast Asia’s private markets by creating new opportunities for investors and providing much-needed liquidity for shareholders of privately-held companies in the region.

The new private stock exchange aims to remove intermediate steps by supporting the end-to-end process from connecting companies to a global investor base, to assessing shareholders and interested buyers.

It also plans to incorporate smart contracts powered by blockchain technology for a safer and more cost-efficient trade.

Through FundedX, legacy shareholders such as ex-employees and early investors can monetize their returns. Employees with stock options seeking partial liquidity can also submit verification of ownership to participate in the exchange.

The company disclosed that it has already received interest from several investors, companies and shareholders throughout Southeast Asia to participate on the platform, and plans to go live with its first transaction within three months.

“FundedX is a game changer that will help to bring much-needed liquidity to the private market. We see this new platform as a complementary and natural extension of FundedHere’s current offering that will support yet another key stage of the funding cycle for emerging companies,” said Daniel Lin, Co-Founder and Executive Director of FundedHere.

Established in 2016, FundedHere is Singapore’s first crowdfunding platform to offer both equity and debt deals for promising companies.

Last year, FundedHere raised a combined S$505,500 ($375,334) for two local startups including BEAM, which offers concierge warehousing and logistics solutions on a mobile app, and NephTech, a cloud-based solution to offer surveillance and management of chronic renal disease patients.

The licensed equity and debt-based crowdfunding platform plans to expand its reach to mass affluent investors, in addition to exploring opportunities to expand in Malaysia and Indonesia.

Also Read: 

Singapore: FundedHere enables $375k fundraise for two startups

Singapore: FundedHere expands into Malaysia; Ezion JV consolidation impact 

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.