The Founder and Managing Director at Youth Buisness St. Vincent and the Grenadines, is set to launch the region’s first equity crowd-funding startup company late next month.
This announcement follows a journey of extensive efforts by the company’s founder Mr. Kenrick Quashie – who chartered the course for equity crowd funding with the relevant regulators across the Caribbean.
The company, called Global Domination Capital, is set to be the regions’ first fintech startup company, offering equity crowdfunding and peer-to-peer lending solutions to the OECS countries and the CARICOM member states, including Barbados, Jamaica, The Bahamas, Trinidad and Tobago and The Turks and Caicos Islands.
The Vincentian entrepreneur said in a statement, that it can be challenging for new entrants and regulators to adapt novel business models to existing regulations.
Mr. Quashie said they are extremely proud to be pushing this industry forward as we bring a new form of financing to the Caribbean – that makes capital more accessible for small businesses and consumers, while offering a brand new asset class to the Caribbean.”
The company’s equity crowdfunding platform, intends to bridge the gap between investors and startups companies across the Caribbean – seeking to raise capital, by accessing financing both regionally and globally.