Our global expansion plans got a big boost today, as we received regulatory approval to operate in Malaysia from the Securities Commission Malaysia. With approval now secured, we will soon launch Southeast Asia operations from a hub in Kuala Lumpur.
The announcement was made today by Datuk Ranjit Ajit Singh, Chairman of the Securities Commission Malaysia, at the Synergy & Crowdfunding Forum (SCxSC) 2015 in Kuala Lumpur.
Eureeca Co-founder Chris Thomas and other team members were in attendance to receive the approval.
We are ecstatic to be one of the first equity crowdfunding platforms to receive regulatory approval from the Securities Commission Malaysia. We look forward to working with the SC to develop the industry in this promising market, and to helping Malaysian businesses and investors reap the many benefits that equity crowdfunding has to offer.
Through Eureeca, Malaysian businesses will be able to conveniently and efficiently raise, from their customer bases and our ever-expanding network of investors, the capital they require to keep growing. On the other side of the coin, Malaysians will be able to invest in high-growth, high-yield potential businesses from Southeast Asia, the Middle East, and Europe.
We expect to be operational and listing Malaysian businesses on our platform by the end of the year, if not sooner. Be on the lookout for exciting Malaysian businesses campaigning on eureeca.com!