Australian-listed and Singapore-based CoAssets, a real estate crowdfunding platform operating in Singapore, Malaysia and Australia, will be organising the inaugural Expo for Property, Investing and Crowdfunding (EPIC) in Malaysia on 24 and 25 October 2015 at JW Marriott in Kuala Lumpur.
As ofSeptember 2015, CoAssets has more than 18,000 registered users. In terms of deals, the company has facilitated more than S$145 million of deals in the pipeline and the amount successfully funded currently stands at more than S$37 million. In 2014, the company won the Red Herring Top 100 Asia Award as well as OPP Gold Award for Excellence, and currently has offices in Australia, China, Indonesia, Malaysia and Singapore.
This 2-day event aims to promote greater awareness on the potential of crowdfunding and financial technology (fintech) in Asia as well as to connect businesses such as small & medium enterprises (SMEs), startup ventures, property developersandinvestors, ranging from retail investors and crowdfunders to professional investors.
Crowdfunding in Asia, specifically in Malaysia, is gaining much interest. With the Malaysia Securities Commission (SC) issuing 6 equity crowdfunding licenses in June 15, we believe that more and more people will want to know what this new trend is all about explained Getty Goh, CEO and co-founder of CoAssets.
Goh added,Although CoAssets does not have an equity crowdfunding license and we have not done any crowdfunding in Malaysia, we have been very active around the region and would like to do our part for the local crowdfunding community. Hence, we felt that organizing a major expo like EPIC Malaysia 2015 will help bring topics like crowdfunding as well as fintech to a wider audience.
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Goh explained that as an event that was the first of its kind in Malaysia, leveraging off the crowdfunding scheme that has emerged, they had enjoyedsupport from theirMalaysian partners, with the presence of what Goh described asmany prominent speakers to share their crowdfunding expertise. Some of the well-known speakers include Elizabeth Siew, lawyer and managing partner of Iqbal Hakim Sia & Voo.
Representatives from Propellar Crowd Plus and Eureeca, two of the six approved equity crowdfunding platforms by Securities Commission Malaysia will also be participating, in addition toMilan Doshi, a property advisor and investment coach.
To date, CoAssets has organized 2 successful EPIC expos. The most recent EPIC was held in Singapore on 10 and 11 July 2015, attracting more than 900 attendees comprising an audience of industry stakeholders, businesses andinvestors.
16 exhibitors from eightdifferent countries were present. These included Singapore, Malaysia, Thailand, Indonesia, Mongolia, Cambodia, Australia and the United Kingdom, with Java Land and Thai Treasures returning to participate for a second year.
Othernotable organisations participating in the Singapore event included MayBank, Propertyguru and Seristine Properties Ltd.According to CoAssets, more than S$9 million worth of business deals were generated from the event.