Estonian Blockchain Start-Up Fundbeam To Expand In Asia

Estonian Blockchain Start-Up Fundbeam To Expand In Asia

Estonian blockchain “stock exchange” company Fundbeam has announced a 2-million-euro investment by Japanese investor and incubator Mistletoe. The goal

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Estonian blockchain “stock exchange” company Fundbeam has announced a 2-million-euro investment by Japanese investor and incubator Mistletoe. The goal is to fund Fundbeam`s efforts to expand beyond Europe into Asia.

Estonia`s Fundbeam is a start-up company that develops tools to research, invest and trade in private companies. Misletoe is a Japanese incubator and investor in start-ups that joins the likes of industry investors Draper Associates and Thomas Reuters, to name but a few.

Fundbeam uses the blockchain technology to build an always-open stock exchange platform that aims to connect investors and start-ups beyond borders.

“Using blockchain technology we aim to show the stock markets how technology can turn the sector around. For the first time ever, early stage investors can choose both how much to invest, and how long to keep the investment.”, said Kaidi Ruusalepp, chief executive and founder of Funderbeam, in an interview with TechCrunch (techcrunch.com).

“There is a coming shift in trust [that is seeing] customers start trusting technology instead of people and institutions.”, argued Ruusalepp. “As the internet is for exchanging data and information, blockchain is being placed one level higher – it is used to exchange values. It’s like a global public notary registering and keeping an eye on all global transactions on assets.”, she elaborated.

Fundbeam started in 2013, when they built data-intelligence platform to give investors better insights into the start-up market. In April 2016, the company launched a platform for funding and trading start-ups. Since then investors on the platform have invested over two million euros, and completed trades totaling more than 100,000 euros, as Fundbeam wrote on fundbeam.com.

After learning about Misletoe`s decision to invest, Fundbeam announced its plans to expand on the Asian market.

“According to our own data, Asia has been growing at a much higher rate than Europe and North America. This, combined with less competition and more progressive regulations have made it an easy choice to focus on our Asian expansion while we closely monitor the developments in the US market.”, said Ruusalepp.

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