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Platform feature
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Funding Souq
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Eureeca Platform
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What model of crowdfunding is the platform?
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Debt-based crowdfunding: SMEs borrow money to raise capital. Investors get paid back in monthly installments, with profit.
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Equity crowdfunding: investors fund SMEs in exchange for shares in the company.
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| What types of companies are you investing in? |
You are investing in pre-screened SMEs based in the UAE and Saudi Arabia, providing them with working capital finance to help them grow. |
You are investing in pre-screened early stage companies from around the world seeking equity and investors. |
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Who can invest?
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Funding Souq’s Global platform can onboard nearly all nationalities, allowing almost anyone to invest in UAE-based businesses.
Funding Souq’s KSA platform can onboard only Saudi nationals and residents as per Saudi Central Bank regulation. |
Eureeca does not accept investors from “certain countries,” due to regulatory issues, including from the U.S.
It asks investors to contact the platform if they are in doubt about their country being permitted |
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What is the minimum investment?
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The minimum investment is SAR/AED 1,000, or approximately $270.
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The minimum investment is $100
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What is the maximum investment?
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- In Saudi Arabia
Retail investors can invest up to SAR 250,000 per year and up to 25% of any opportunity’s total requested amount.
- In the UAE
Retail investors can invest up to AED 365,000 per year and AED 36,000 per business.
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Maximums depend on where the company is located.
Malaysia, for example, allows up to 5,000 MYR ($1,188) per SME. Other countries have no limit.
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What returns can investors expect?
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Investors can expect a net yield of up to 15% and an IRR of up to 23% as monthly repayments allow for compound return.
To understand the difference between Yield and IRR read our blog here
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There are no guaranteed returns.
Earnings depend on the company’s growth, profitability, and a successful exit.
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When are investors paid?
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Investors receive monthly principal and profit repayments. This enables compounding as these repayments are returned.
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After a successful exit.
Eureeca does not provide information on how long an exit typically takes. There is no secondary market for sale of shares.
One industry analysis found an average holding period of 2.5 years before an exit or failure of a crowdfunded company.
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What are the fees for investors?
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Zero hidden fees.
The returns displayed on the platform are net of any applicable fees. The presented return is what you should expect to earn.
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You pay a 7.25% fee on any profits earned at the time of selling your shares.
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Are all finance and investment operations sharia-compliant?
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Yes. You can find more
details about our Shariah certification here.
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No
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