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CoAssets Announces 536 per cent increase in revenue First Half of the 2018 Financial Year. An increase of 89 per cent in total comprehensive income from S$431,697 in FY 2018 H1 to S$817,467 in FY 2019 H1 and a total of 39 per cent increase in operating expenses.

CoAssets is a leading fintech platform that’s revolutionising the facilitation of corporate lending and from entry-level retail investors to high-net-worth individuals looking for quality investment opportunities as well as, institutions wanting to grow shareholder value through prudent fiscal enhancement.

“Our clients are able to harness the best of what regional debt markets have to offer with a positive and innovative consumer journey,” Co-Founder and Chairman, Getty Goh said.

CoAssets enjoys a good 2 per cent investor conversion rate and a healthy $$80,000 per average investment amount in Singapore and the Group aims to replicate this success in other regions.

 “The potential market for Singapore alone is estimated to be as much as S$480 million and we intent to tap into a wide demographics cross-section from entry level retail investors to high-net-worth individuals wanting to grow shareholder value. If we factor the other regions that we are in, the potential market for CoAssets is much bigger,” Co-Founder and Chairman, Getty Goh said.

Apart from serving investors, corporate lending is the other focus at CoAssets. The company aims to further develop and increase the financial results by introducing financial technology advisory and corporate cash management systems.

With an increase of 536% in revenue, for the first half of the Financial Year of 2018, CoAssets’ fintech advisory arm leverages on opportunities to work with external partners to undertake joint fintech projects.

 “Working on technical development of block chain exchange as well as online corporate cash management systems has seen user funding of S$33.72 million,” Co-Founder and Chairman, Getty Goh said.

CA8 by the numbers
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