Crowdfunding platform CoAssets incorporates real estate subsidiary

By JACQUELYN CHEOK for The Business Times

COASSETS, a Singapore-founded startup listed on the Australian Stock Exchange, said on Tuesday that it has incorporated a wholly owned subsidiary, CoAssets Real Estate (Care), as part of the company’s growth strategy.

CoAssets is a real estate crowdfunding platform launched in July 2013.

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Getty Goh, chief executive officer of CoAssets, said: “As a crowdfunding platform, user protection is one of our key focuses. We are now looking at crowdfunding deals that are backed by assets as a way to protect our users amidst economic uncertainty. Given this move towards secured crowdfunding and our market position as a real estate crowdfunding platform, having a real estate agency fits in well into our overall business strategy.”

First appeared at The Business Times