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Equity Crowdfunding Platform launched in Finland by FundedByMe

Press release   •   Jan 08, 2013 17:06 CET

Equity Crowdfunding is predicted to be the next big thing in 2013, and Sweden's FundedByMe is launching their Equity Crowdfunding platform to the public in Finland, making it an early player in the upcoming emerging market on the equity crowdfunding scene. FundedByMe already offers equity crowdfunding in Sweden together with a classic crowdfunding platform similar to Kickstarter, which repays investments through gifts or preorders. An equity crowdfunding platform provides a mechanism to legally disperse shares of a company to its investors. It doesn’t have to take more than €50 to invest in a company through the platform. FundedByMe  has the unique edge of being a website offering both traditional and equity based crowdfunding.

As the legislative process of the JOBS Act in the US is complex and slow, with framing the regulation and defining the rules, the entrepreneurial financing roadmap has an unclear destination. If America doesn’t quickly implement a simple crowdfunding rubric, international platforms will be the beneficiaries. Swedish FundedByMe is already up and running and is offering equity crowdfunding. Although it is a global service the company focusses on the Scandinavian market, of which Finland is the first to have its own office. Over the past few months the company has seen a lot of traction from Finland on its platform from both entrepreneurs and investors, as a result the nation now has a team dedicated to the local market and provides support in the native language.

David Drake, founder of TheSohoLoft, predicts crowdfunding will be a $1 trillion dollar business within 10 years. If crowdfunding even begins to approach that scale, it will completely change the landscape for start-up financing. The world of entrepreneurial finance is changing rapidly.
“Whether you are a service provider, social entrepreneur, angel investor, venture capitalist, or one of the millions of people ready to become a small-scale start up financier, it is time to pay attention”. The quote refers to an article from Forbes - “Why crowdfunding will explode in 2013”.

The FundedByMe Equity crowdfunding platform launched  just as recent as four months ago and is already showing a theoretical capacity of over €74 million ready to be invested by the crowd. The amount is growing by the hour and consists of amounts as low as hundreds up to thousands. 
“In the last year since we launched FundedByMe.com we've proven that crowdfunding also works and can be big in Europe. The crowd has together helped crowdfund: a hamburger joint, a train, numerous of cd's and books, films, experiments, charity, heartwarming projects and everything between. Now we have taken the biggest step ever and are bringing it to other European markets. We added equity-crowdfunding to a functioning system, not only because we can or because we see a huge growth within this market but because our clients have asked for it.”  says Daniel Daboczy, co-founder and CEO

FundedByMe has recently opened a round for the platform on its own platform.

For more information, please contact:Daniel Daboczy, founder and CEO, FundedByMehttp://www.fundedbyme.com/equity +46 736 26 9985, daniel@fundedbyme.com

FundedByMe är Sveriges första och främsta crowdfunding plattform

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