Bidnow.my, Malaysian Auction Technology platform, successfully raised US$ 1.3 million (RM 5,517,099) in less than two weeks, exceeding its maximum target amount of RM 5.5 million, thanks to 470 investors, which is a MyStartr record.
Bidnow.my recently completed its second-round funding exercise from MyStartr platform, a licensed Crowdfunding Recognized Market Operators by Securities Commission Malaysia.
MyStartr’s Founder and CEO Goh Boon Peng says, “There are many Malaysian companies with very innovative business models, just like Bidnow.my. We are optimistic that they can expand their businesses internationally.”
Bidnow.my serves as a platform for the public to access all public auction property listings in Malaysia.
It’s first equity-based crowdfunding (ECF) project was also facilitated by MyStartr, which was held last year, from 12th December 2020 to 21st December 2020.
A total of RM 2.1 mil was raised from 384 shareholders, at the same time, awarded the Malaysia Books of Record “Highest Investment Amount Received for an Equity Crowdfunding in a day”.
“We believe through the strategic cooperation with these parties, Bidnow will have more variety of products to attract more customers from different interest to visit Bidnow.my to look for valued buy items, therefore we are expecting the active members to grow tremendously in year 2022,” says the Bidnow.my Founder and CEO Frankie Goh Chee Keong.