CapBridge

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CapBridge
IndustryFintech
Founded2015; 4 years ago (2015)
FounderJohnson Chen
Headquarters
Area served
Asia-Pacific
Key people
Johnson Chen CEO
Websitecapbridge.sg

CapBridge is an online investment platform, headquartered in Singapore. It was founded in 2015 and backed by Singapore Exchange.[1][2] CapBridge was approved by the Monetary Authority of Singapore (MAS), Government of Singapore to operate both a primary capital raising platform utilizing a Capital Markets Securities License[3], and a private securities exchange - 1exchange with a Recognized Market Operator license.[4][5]

History[edit]

The company was founded in 2015 by Johnson Chen.[6] It raised funding of S$4 million (US$2.9 million) from VC investor Tim Draper in October 2017.[7][8] In May 2018, the company secured $5 million in Series A funding in an over-subscribed round.[9]

CapBridge entered into a strategic partnership with blockchain technology firm ConsenSys in June 2018 to collaborate on creating a private securities exchange on the public Ethereum blockchain.[10] In November 2018, the company received license from the Monetary Authority of Singapore to operate a securities exchange, 1exchange, as a recognised market operator. [4][11]

Singapore Exchange (SGX) has its investment in CapBridge through its subsidiary Asian Gateway Investments.[7]

In February 2019, the company launched a product called Preferred Access.[6] It allows investors to access multiple private equities or venture capital investments for a minimum amount of SGD $5,000.[12][13] CapBridge also has a Capital Market Services license from the Monetary Authority of Singapore.[3]

References[edit]

  1. ^ Chong, Claudia (December 17, 2018). "SGX, CapBridge eye growth-stage companies". Business Times (Singapore).
  2. ^ Chng, Grace (February 27, 2016). "Capbridge wins licence for funding platform". The Straits Times.
  3. ^ a b Cheok, Jacquelyn (March 21, 2016). "Equity and debt crowdfunding platform launched". Business Times (Singapore).
  4. ^ a b "CapBridge gets nod for private securities exchange". The Straits Times. November 23, 2018.
  5. ^ Heong Tung, Yon (November 22, 2018). "Singapore's CapBridge gets central bank approval to operate private exchange". e27.
  6. ^ a b "Syndication Platform Offers Bite-Sized Private Equity Investments". Finews.asia. February 12, 2019.
  7. ^ a b Abudheen K, Sainul (October 17, 2017). "Online investment platform CapBridge raises US$2.9M from SGX, Tim Draper". e27.co.
  8. ^ Cheok, Jacquelyn (October 16, 2017). "CapBridge raises S$4m in new funding from SGX, Tim Draper". Business Times (Singapore).
  9. ^ Kai Yi, Wong (May 7, 2018). "CapBridge names SGX's Chew Sutat as non-executive director; secures $5m Series A funding". The Straits Times.
  10. ^ Mui, Rachel (June 26, 2018). "CapBridge, ConsenSys to deploy blockchain technology for upcoming private exchange in Singapore". The Straits Times.
  11. ^ Marinoff, Nick Marinoff (November 23, 2018). "Singapore Grants RMO License for CapBridge to Operate New Security Exchange". Bitcoin Magazine.
  12. ^ "CapBridge offers investments into private equity from $5,000". Singapore Business Review. February 12, 2019.
  13. ^ "AAM new product roundup". Asia Asset Management. February 15, 2019.

External links[edit]