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Gulf News: Equity crowdfunding platform opens at DIFC

06 Nov 2016
Original version of this post was written by Gulf News.

Dubai: Equity crowd funding platform, Eureeca, has started operations from the Dubai International Financial Centre  (DIFC).

The multi-regulated platform, has more than 12,000 investors from 42 countries. 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.

“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,” said Arif Amiri, CEO of DIFC Authority.

The platform is regulated by Dubai Financial Services Authority (DFSA). Eureeca recently raised $400,000 in 12 days on its self-funding campaign with the funds being used to fuel Eureeca’s aggressive international growth plans and continued development of their product offering.

“Eureeca is delighted to be 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,” said Sam Quawasmi, the Co-CEO and co-founder of Eureeca said.