Hong Kong's WHub launches crowdfunding platform

The platform, known as AngelHub, will use the crowdfunding model to allow professional investors to support globally sourced and vetted start-ups that are scaling in Asia in exchange for equity ownership. Operations will include a focus on emerging technologies in the Greater Bay Area.

“Previously, you could maximize your return by investing in listed companies. Today, it’s when you invest in private technology companies,” Karen Contet Farzam, co-founder of AngelHub and WHub, said in a statement. “With a $10,000 ticket size, at least 50 times smaller than what VCs offer, professional investors have access to a new asset class and can build a diversified portfolio, geographically and sector-wise.”

It coincides with a $3 million investment to be shared by WHub and AngelHub from Switzerland-based private equity investor Kharis Capital and TNG, a Hong Kong financial technology provider focused on unbanked people that has been valued at more than $1 billion. TNG, which is backed by Chinese private equity firm NewMargin Capital, is also active in fintech start-up incubation via its recently launched platform called The Wall Street Factory.

WHub positions itself as Hong Kong’s biggest “start-up community and power connector” with more than 3,000 start-ups in its network. Services include talent recruiting, corporate and start-up co-innovation programs, and support to governments building tech innovation ecosystems. It also organizes events and workshops, including a fintech hackathon and an annual conference series co-organized with the Hong Kong government.

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• Topics
• Greater China
• Fundraising
• Early-stage
• Technology
• Venture
• Hong Kong (China)
• Crowdfunding
• Financial Services