Sweden-Headquartered Equity Crowdfunding Platform FundedByMe Launches Operations At Dubai International Financial Centre The Stockholm-based enterprise, which was founded in 2011 and is a listed company on NGM Nordic MTF, is expecting to launch its first campaign in Dubai in the second quarter of 2019.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

RastoS / Shutterstock.com
Dubai International Financial Centre

Sweden-headquartered equity crowdfunding platform FundedByMe has launched its operations in the MENA region after receiving full authorization from the UAE's Dubai Financial Services Authority (DFSA) to be incorporated at Dubai International Financial Centre (DIFC).

The Stockholm-based enterprise, which was founded in 2011 and is a listed company on NGM Nordic MTF, is expecting to launch its first campaign in Dubai in the second quarter of 2019.

"With the comprehensive review and approval process we went through for our DFSA license, we are proud to say that FundedByMe is the only regulated equity crowdfunding platform in the region," said Samer Toukan, CEO of FundedByMe MENA, in a statement.

Samer Toukan, CEO, FundedByME MENA. Image credit: FundedByMe.

FundedByMe is now inviting both company owners and investors to kickstart fundraising campaigns on its platform, with the enterprise claiming that the on-boarding and due diligence process will take about four weeks.

"We have developed a 15-step due-diligence process to ensure that quality is maintained throughout the fundraising cycle," Toukan said. "This highly selective process creates confidence and credibility with our investors, in the quality of our campaigns, and in the source of involved funds."

Besides the UAE, FundedByMe has a presence in five other countries around the world, with the global website having had over 269,000 registered investors successfully fund around 500 companies, with investments totaling more than US$62 million.

Related: Is Equity Crowdfunding The Right Financing Option For Your Business?

Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Money & Finance

Make Money on Autopilot With These 5 Smart Passive Income Ideas

Five innovative ways to earn money even when you're sleeping.

Growing a Business

Make These Smart Moves to Turn Your Side Hustle Into a 6-Figure Business (Without Burning Out)

Learn how to turn your side hustle into a six-figure business without any unnecessary stress. Follow our proven strategies for growth, time management and sustainable success.

Business News

'Pressure Cooker': Why Millionaire Nvidia Employees Are Still Working Until 2 a.m.

In a new report, current and former Nvidia employees gave insight into the work culture at the chip-maker, including long hours, lots of yelling, and unbelievable bank accounts.

Leadership

The Surprising Benefits of Being a First Born

A study says first borns are more likely to end up as CEOs or politicians.