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Metech raises $2 mil in 20 days through crowdfunded bonds

Fintech

Metech raises $2 mil in 20 days through crowdfunded bonds

Jude Chan Published on Thu, Dec 08, 2016 / 7:27 PM GMT+8

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SINGAPORE (Dec 8): Electronic waste management firm Metech International has raised $2 million through a crowdfunded bonds issuance programme in just 20 days, Singapore-based equity-based and lending crowdfunding platform FundedHere announced on Thursday.

Metech said on Nov 29 said it would issue the bonds through FundedHere to raise $2 million to expand its supply chain business.

The offering gives investors an annual coupon of 8% for two years.

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