Colonel Lawrence Lim Teng Chye. (Photo: CoAssets)
CoAssets, a homegrown crowdfunding company, has named Colonel Lawrence Lim Teng Chye, Singapore’s Ex-Chief of Artillery, as its Chief Operating Officer, with effect from 4 May 2016.
In a statement, the Australian-listed company said that Lim will help to drive CoAssets’ day-to-day operations, while Chief Executive Officer Getty Goh will focus on implementing the company’s operational strategy.
Lim has extensive experience in human resource matters and managing large-scale complex operations. Previously, he also served as Commander Personnel Command, as well as Head Joint Operations Planning and Head Control of Operations Group for the Singapore Armed Forces (SAF).
Commenting, Lim said: “I have worked with Getty before and what ultimately made me join CoAssets is the fact that as a company, they are breaking new ground in the crowdfunding and financial technology space.”
Launched in 2013, CoAssets has since extended its business into the SME sector, with deals amounting to more than $44 million to date. The crowdfunding platform currently has more than 40,000 registered users.
Moving forward, it is looking to expand into Australia, via its Australian subsidiary.
“The Australian government has set a big focus on financial innovation, including crowdfunding, and given our success throughout the region, the time is right for us to expand our offering in Australia,” shared Goh.
CoAssets recently announced that revenue for the first six months of its fiscal year was over $1.9 million, up 367 percent from a year ago. “We are encouraged by the results and this will set the stage for our transition onto the Australian mainboard sometime this year,” added Goh.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
