Blog

Crowdcube eyes MENA crowdfunding expansion

The world’s leading regulated crowdfunding platform, Crowdcube has announced they are planning to expand in the MENA region. Crowdcube has formed a JV partnership known as Crowdcube MENA. Omar Rana; “We are currently examining various regions to assess the best way of leveraging Crowdcube’s platform to provide world-class crowdfunding in the MENA region. Sixty percent of the GCC is less than 30 years old, and 66.8 percent of MENA + Africa is less than 30 years old. All these young people are bursting with ideas and passion, and they don’t want to wait for governments and companies to use old fashioned ways to create jobs and support businesses. Crowdcube MENA is a catalyst for harnessing the financial and human capital in the region to promote social and economic development at an accelerated pace. The GCC clearly represents a core part of the MENA region, and over recent years various regimes allowing for sole foreign ownership and a combination of local/foreign ownership have been established, and these will be comprehensively analysed for the most effective way to successfully establish and grow Crowdcube MENA.” — Omar Rana, Co-founder of Crowdcube MENA Entrepreneurs in the region continue to be challenged by the lack […]

Leave a Comment