Crowd-lending platform New Union awarded CMS license

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SINGAPORE (Dec 8): Crowd-lending platform New Union has been awarded the full Capital Markets Service license (CMS) by the Monetary Authority of Singapore (MAS), and announced a potential deal flow pipeline of about S$2 million to be launched soon.

Founded in 2013, New Union is one of the first and largest debt-based crowdfunding platforms in Singapore, raising S$2.6 billion for small and medium enterprises (SMEs) in Singapore, China, Taiwan, Cambodia and the Philippines to date.

“This is a watershed milestone for New Union — Singapore is known within the region for her stringent regulatory standards and for being a globally leading financial hub. Being accreditated by...(click on link for full story on theedgesingapore.com)