Dubai – The leading equity crowdfunding and digital investment platform, Eureeca, based in Dubai, United Arab Emirates (UAE), announced on March 28, that they are currently working on a crowdfunding smartphone application that would make investments in pre-IPO (Initial Public Offering) companies and growth sectors available and open to the public.
According to a press release obtained by Eye on Business, Eureeca has dubbed the ongoing effort as the “democratisation of digital investment banking”.
The Dubai-headquartered company, operating and regulated in the Middle East, UK, and Southeast Asia, has upgraded its position and outlined a strategy which aims to see the building of a digital investment bank, the company explained.
This enterprise will include features allowing for secondary market trading as well as various investment banking products, designed for both large institutional and small individual investors.
Eureeca’s current works include an expanded online platform and a smartphone app, soon to be released, as highlighted in the press release.
Sam Quawasmi, Co-CEO and Co-founder of Eureeca and former investment banker, highlighted that Eureeca’s vision “has always been to democratise investment banking by making it available to everyone.”
“We want to provide investors of all sizes with access to opportunities while ensuring institutional investors and family offices have access to larger international pre-IPO companies,” he added.
Since Eureeca launched, they have successfully funded companies from the UAE, Malaysia, the UK, and Europe, Quawasmi said, underlining that “Eureeca is now in its second phase of growth. We are aggressively pursuing geographical and product expansion through acquisitions and adding new services and products to support our vision”.
Eureeca allows investors to build a portfolio of potentially high-yielding and vetted companies from several markets, industries and sizes, diversifying their risk exposure and maximising returns. Equally, the company matches founders with institutional and individual investors to add value based on the companies’ strategic requirements and expansion plans.
The company has grown into a multi-regulated, cross-continent digital investment platform with over 40,000 investors from 72 countries.
According to Chris Thomas, also Co-CEO and Co-founder of Eureeca, the company launched 10 years ago as an equity crowdfunding platform.
“This will remain a subset and a product of our overall digital investment banking offering,” he elaborated, adding that “the company has evolved and will soon launch the secondary market to allow investors to sell their investments and capitalise on their gains.”
Eureeca, established in 2013, is the only multi-regulated platform in the world.
The company is regulated by UK’s Financial Conduct Authority (FCA), the Securities Commission (SC) in Malaysia, and the Dubai Financial Services Authority (DFSA) in the UAE.
