DIFC welcomes equity crowdfunding platform
dubai — Dubai International Financial Centre (DIFC) has become home to the first equity crowdfunding platform in the region, Eureeca. It is the first multi-regulated global equity crowdfunding platform and has over 12,000 investors from 42 countries. It enables entrepreneurs and high-growth businesses to raise capital and create new partnerships for growth.
The firm’s investor network, that ranges from small scale and angel investors to institutional investors and corporates, can access new investment opportunities from multiple countries globally, allowing them to buy shares and make equity investments in these companies.
Arif Amiri, CEO of DIFC Authority, said: “The Middle East, Africa and South Asia [Measa] is the world’s fastest-growing region. As a financial hub, we are always striving for new ways to help firms access this $7.8 trillion market of three billion people, home to a vast array of start-ups with a strong entrepreneurial spirit. Eureeca, the first equity crowdfunding platform in the region, will help link these high-growth businesses with muchneeded 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.”
Recognising the attractiveness of DIFC as a FinTech hub, Al Amiri added: “FinTech is the future of financial services and is key to opening
eureeca creates a corridor of investment opportunities
Chris Thomas,
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
We offer investors a stable platform to invest in businesses of the future
Sam Quawasmi, co-CEO and co-founder of Eureeca
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
eureeca will help link high-growth businesses with much-needed and underserved capital
Arif Amiri, CEO of DIFC Authority
opportunities for networking and partnerships for growth.”
Sam Quawasmi, co-CEO and cofounder of Eureeca, said: “Born out of Dubai and after the Dubai Financial Services Authority’s [DFSA] efforts, Eureeca is the first equity crowdfunding platform to be licensed to operate with a representative office in the DIFC. We offer investors a stable multi-regulated platform to invest in the businesses of the future.”
Eureeca recently raised $400,000 in 12 days on its selffunding campaign, with the funds being used to fuel Eureeca’s international growth plans and development of its product offering.
Chris Thomas, co-CEO and cofounder of Eureeca, said: “With the DFSA’s stamp of approval, paralleled with our global expansion strategy, Eureeca creates a corridor of investment opportunities between Europe, the Middle East and Southeast Asia.”
— business@khaleejtimes.com
co-CEO and co-founder of Eureeca