SINGAPORE - 24 January 2018 - Crowd Genie Financial Services Pte Ltd (“Crowd Genie”), an operator of a Peer-to-Peer (“P2P”) lending platform licensed by the Monetary Authority of Singapore (“MAS”), looking to build an Asia-wide exchange of financial assets through its related entity CGSPV Pte. Ltd., today announced the appointment of a new board of advisors ahead of its Initial Coin Offering (“ICO”) public sale on 1 February 2018.
Joining the Crowd Genie advisory board is David Drake, Founder and Chairman of LDJ Capital, who is also a global pioneer in the cryptocurrency industry and has written for more than 100 publications on innovative investing. Also joining the board is serial entrepreneur Petter Sehlin, who is a Founding Partner of global angel fund True Global Ventures and founder of the Polarchain blockchain. The founders of one of the world’s most comprehensive online cryptocurrency databases and information resources, AllCoinWiki, Anders Larsson and Joakim Holmer have also joined the board.
Founder and Chief Executive Officer of Crowd Genie, Mr Akshay Mehra said, “As Crowd Genie’s ICO moves towards the launch of its public sale, we have seen strong interest from investors in Crowd Genie’s coins, which is a testament to the unique strengths of Crowd Genie, having a strong operational track record and growth vision. The addition of such an esteemed panel of advisors including cryptocurrency heavyweights like David Drake and Petter Sehlin, as well as experts like the team behind AllCoinWiki, is a significant endorsement to the Crowd Genie business as well as the investment merits of Crowd Genie’s coins. I am confident that the credibility, expertise and network they lend to Crowd Genie will make the ICO a success.”
Mr David Drake said, “Over the years, I have witnessed the growth of the cryptocurrency industry and assessed numerous company profiles through their ICOs. Crowd Genie’s ICO has the competitive advantage of addressing a significantly huge market in P2P lending in Asia and having a positive operational track record of close to 20 months. This sets it apart from many ICOs and I am confident my partnership with Crowd Genie will be a fruitful and rewarding one.”
Crowd Genie is offering 60 million Crowd Genie Coins (“CGCOIN”) for sale under its ICO. Aiming for a soft cap of of US$5 million, the public sale is from 1 February to 28 February. Pre-sale of CGCOINs has already started in late November 2017. Upon completion, the CGCOIN will be listed on several coin exchanges. Purchase CGCOIN can be made via the Crowd Genie ICO website at www.genieico.net. Purchases made during the Pre-sale period are entitled to a 50% bonus.
Founded by Akshay Mehra, an experienced consultant in new growth advisory, seed investing and start-ups for over 17 years, and Bikash Saha, former Chief Operating Officer of Standard Chartered Capital Korea, Crowd Genie is a licensed and fully operational P2P lending platform that is focussed on giving Small and Medium-sized Enterprises (“SMEs”) access to loans from individuals and companies instead of financial institutions, which require longer approval processes. It was granted a “Dealing in Securities” license by the MAS in March 2017 and is one of a limited number of P2P lenders in Singapore with this license. The platform has been operational for approximately 20 months. Crowd Genie has a track record of full repayments with no