Platform Announcement Message
Transition to Singapore trading
As of January 29th at 11 am UTC Funderbeam will open the trading service which will be provided by our Singapore entity. With this, we will start a transition period for companies, investors and users to get comfortable with the new set-up.
Not all of the companies will be available on the first day, as we are working with many companies going through questions, offering training sessions, or finalising agreement details.
With many of the features and terms being confirmed over the busy holiday period, we overlooked that well-deserved breaks would cut into the necessary preparation time.
We would ask for your patience with both us, as a platform, and any companies you may wish to trade.
You will be able to see a range of companies, view the first set of new trading visuals, and enjoy improved functionality with pre-funded wallets and the removal of priority rights.
As mentioned in our previous message, we are already preparing another large update coming in 4 – 8 weeks. This will include:
- partial matching
- the launch of a market index and,
- another upgrade of trading and company profile screens,
- a fee of 0.5% on the value trades charged to the seller.
During this period, Funderbeam will work closely with all customer groups to get feedback, comments, and missing amendments. It is essential that all participants feel comfortable in the new “environment”. We consider this early stage of our regulated marketplace, as companies are added, feedback received and adjustments made, as an opportunity to create a Marketplace you’ll love using.
Thank you to those already involved in the feedback process. We are excited as we take these next steps as a platform and community and want to ensure that everyone is comfortable with the journey.
Please send your thoughts and feedback about the changes, or any questions or concerns to email@example.com or contact customer support.