By: Finbarr Toesland, Kelley Lynch/World Bank It’s no secret that Africa is a continent of entrepreneurs. Not only does Africa have the highest percentage of entrepreneurs of any continent, but also the female entrepreneurship rate is the highest in the world, according to Roland Berger research. Despite there being a…
Wealth Migrate has been approved as a Category 1 Financial Services provider
Shares
Online investing portal, Wealth Migrate South Africa, has been approved as a Category I Financial Services Provider (FSP 47394). This new status will allow the company to provide its crowdfunding offering on an intermediary services basis, using shares as a financial product category.
The announcement marks the completion of a long journey that Wealth Migrate began about a decade ago. CEO Scott Picken commented, “To put this into perspective, we worked with the Financial Sector Conduct Authority (FSCA), formerly known as Financial Services Board for 10 years to allow this to happen, including creating the African Crowdfunding Association [ACFA] in 2015. Wealth Migrate always had the objective to offer our crowdfunding offering to investors within a regulated environment. Obtaining our Category I licensing approval signifies the achievement of this objective.”
Wealth Migrate an African leader in obtaining a licence to offer crowdfunding services to investors
Online investing portal Wealth Migrate SA (Pty) Ltd (https://WealthMigrate.com) has been approved as a Category I Financial Services Provider - FSP 47394, which allows it to provide its crowdfunding offering (when a group of people club together to fund a project or venture) on an intermediary services basis using shares as a financial product category.
This marks the completion of a long journey that Wealth Migrate began about a decade ago. CEO Scott Picken said: “To put this into perspective, we worked with the Financial Sector Conduct Authority or FSCA (formerly known as Financial Services Board) for 10 years to allow this to happen, including creating the African Crowdfunding Association [ACFA] in 2015. Wealth Migrate always had the objective to offer our crowdfunding offering to investors within a regulated environment. Obtaining our Category I licensing approval signifies the