CoAssets Signs MOU to Invest in a Hong Kong FinTech Company

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CoAssets Limited (“CoAssets” or the “Company”) (ASX:CA8), a crowdfunding platform specialising in facilitating funding for real estate and small to medium-sized enterprises, is pleased to announce that it has signed a non-binding Memorandum of Understanding (MOU) to invest in Fintech Pte Ltd, a Hong Kong Fintech company.

Fintech Pte Ltd, a subsidiary of Brighten Management Limited, owns Piggiebank, an online platform that provides users with investment products. Piggiebank has raised more than S$8m (~HKD44million) over 12 months, and has an indicative valuation of S$20m.

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