Finance Industry Today
EUREECA TO SUPPORT BOOMING UK SME MARKET
Eureeca, the leading global equity crowdfunding platform, has announced that it is to ramp up its support for UK start-ups, SMEs and iInvestors. ThisIts decision is being driven by the significant growth in the sector, it is its desire to expand internationally and uncertainty around the funding shortfall which will be created following BREXIT.
Published 01 August 2018
Eureeca, the leading global equity crowdfunding platform, has announced that it is to ramp up its support for UK start-ups, SMEs and iInvestors. ThisIts decision is being driven by the significant growth in the sector, it is its desire to expand internationally and uncertainty around the funding shortfall which will be created following BREXIT.
The company, which has been licenced in the UK since 2012, has focused on emerging markets and has been committed to becoming the most regulated equity crowdfunding platform in the world to ensure that it can offer a truly international solution. It now has licenses to operate in three different continents (Europe, Middle East and South East Asia) and has recently opened a London office.
Sam Quawasmi, Co-CEO and Co-Founder at Eureeca, explains: “The UK SME market is booming right now with new business registrations steadily climbing particularly in the tech sector, where numbers rose by almost 60% last year. However, this is happening as the country is preparing for Brexit which means that in 2020 the EU’s commitment of £3.6 billion to support UK small business will end. This will create a huge shortfall for the sector and we are keen to help viable businesses that are looking to scale thatand may well not have considered equity crowdfunding and the benefits its brings.”
“In simple terms, raising equity through a crowdfunding platform like Eureeca
allows startups and growing companies to get funding from people who often bring more to the table than just money. In fact, businesses raising funds can leverage our investor network for capital, strategic connections, and expansion into new markets. It is also very affordable with a limited financial risk because if the campaign is unsuccessful there is nothing to pay. Another potential benefit is that crowd investors are unlikely to want or expect high levels of control or influence over a business. This can be very important for many business owners who are understandably not keen to pass over control of their creation.”
“We believe there is a clear requirement for greater access to alternative finance to continue powering the companies that form the backbone of the UK economy,” concludes Sam.
*Please note that case studies are available
ends
The company, which has been licenced in the UK since 2012, has focused on emerging markets and has been committed to becoming the most regulated equity crowdfunding platform in the world to ensure that it can offer a truly international solution. It now has licenses to operate in three different continents (Europe, Middle East and South East Asia) and has recently opened a London office.
Sam Quawasmi, Co-CEO and Co-Founder at Eureeca, explains: “The UK SME market is booming right now with new business registrations steadily climbing particularly in the tech sector, where numbers rose by almost 60% last year. However, this is happening as the country is preparing for Brexit which means that in 2020 the EU’s commitment of £3.6 billion to support UK small business will end. This will create a huge shortfall for the sector and we are keen to help viable businesses that are looking to scale thatand may well not have considered equity crowdfunding and the benefits its brings.”
“In simple terms, raising equity through a crowdfunding platform like Eureeca
allows startups and growing companies to get funding from people who often bring more to the table than just money. In fact, businesses raising funds can leverage our investor network for capital, strategic connections, and expansion into new markets. It is also very affordable with a limited financial risk because if the campaign is unsuccessful there is nothing to pay. Another potential benefit is that crowd investors are unlikely to want or expect high levels of control or influence over a business. This can be very important for many business owners who are understandably not keen to pass over control of their creation.”
“We believe there is a clear requirement for greater access to alternative finance to continue powering the companies that form the backbone of the UK economy,” concludes Sam.
*Please note that case studies are available
ends
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Contact Information
Lizzie Woolley
Weston Partnership
29 Kingswood Road
London
SW2 4JE
07881 923 530
http://www.westonpartnership.co.uk/
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