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OurCrowd is set to expand its equity crowdfunding platform to Asia with a new partnership with United Overseas Bank Limited (UOB). Under terms of the partnership, UOB, which is headquartered in Singapore and includes branches throughout Asia, will be putting $10 million to work to invest in portfolio companies raising funds on the OurCrowd platform. As part of the deal, OurCrowd announced that it is opening its platform to include Asian based technology startups to raise capital through equity crowdfunding campaigns.
For OurCrowd, partnering with UOB is the firm’s first foray of Asian expansion. In addition to UOB, also part of ... (read more)