DIFC In Crowdfunding First
by Lorys Charalambous, Lowtax.net, Cyprus
07 November, 2016
Dubai International Financial Center, the tax-free zone, has become home to Eureeca, said to be the region's first equity crowdfunding platform.
Eureeca has over 12,000 investors from 42 countries enabling entrepreneurs and high growth businesses to raise expansion capital and create new partnerships for growth.
The CEO of the DIFC Authority, Arif Amiri, welcoming Eureeca, said: "The Middle East, Africa, and South Asia (MEASA) region is the world's fastest growing region. As a financial hub, we are always striving for new ways to help firms access this USD7.8 trillion market of three billion people, home to a vast array of start-ups with a strong entrepreneurial spirit. Eureeca, the first ever equity crowdfunding platform in the region, will help link these high-growth businesses with much needed and underserved capital. It is a testament to the regulatory infrastructure we have put in place that they have chosen DIFC as their regional hub, with firms like these a crucial part of our plan for our 2024 Growth Strategy."
Amiri added: "Fintech is the future of financial services and it is key to opening up many sectors in emerging markets and driving financial inclusion. In recent years, we have invested heavily in creating an ecosystem for fintech firms, backed up by world-class legal and regulatory structures. I am sure Eureeca will benefit from access to the MEASA region through the DIFC's enabling platform, bringing multiple opportunities for networking and partnerships for growth."
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