Successful Crowdfunded Deal! –  Magnet Crowdfunding Project

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CoAssets is pleased to share that Magnet, a Singapore Small Medium Enterprise (SME) has successfully crowdfunded for its business financing needs. This is the first business crowdfunding opportunity on CoAssets and a total of S$200,500 was raised over a month from 29 investors. The minimum amount of investment for this project is S$1,000 and the period of investment is 12 months offering a return of 10% per annum.

Magnet also known as Social Media Enterprise Pte Ltd is a 6 year-old branding creative agency that specializes in business branding, consultancy and visual communication for numerous companies. It was crowdfunding for 2 purposes:

1) To bring more talents on board and increase their scale of production

2) To further educate their staff and value-add to their services

Over at CoAssets, there are systems in place to safeguard the investors’ interests. CoAssets is South East Asia’s leading crowdfunding platform. It matches opportunity providers looking for financing to investors.

CoAssets Pte Ltd is supported by Expara IDM Ventures, an i.Jam incubator appointed by the Media Development Authority (MDA). In the event of missed, failed or partial payments, CoAssets will be authorised to act in accordance with the terms of use published on the platform (https://www.coassets.com/terms-of-use/).

What is Crowdfunding?

Crowdfunding is defined as a “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the internet”.

Why Join CoAssets?

Create a free account on CoAssets now to be updated on attractive crowdfunding deals and real estate projects! CoAssets investors get to attend free educational events and trade shows. There are no administrative charge on CoAssets investors for crowdfunding projects. Join now to be a part of the crowdfunding movement!

For more information, visit www.coassets.com or call 65327008 to speak to CoAssets team.

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