Global Domination Capital, a Vincentian owned company is set to be the regions’ first fintech startup company, offering equity crowd funding and peer-to-peer lending solutions to the OECS countries and the CARICOM member states.
This includes Barbados, Jamaica, The Bahamas, Trinidad and Tobago and The Turks and Caicos Islands.
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.
“Over the last couple of months, I have been engaging the securities regulatory commissions in the region, to create a space for an equity crowd funding platform to operate. They have embraced the platform following a demonstration and are working actively to create and regulate this space. However, until the legal regulations permit non accredited investors to invest, we will work within the existing legal framework to facilitate private placements on our platform” stated Mr. Quashie.
The company’s equity crowd funding 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.
Global Domination Capital crowd funding platform will allow for both accredited and non-accredited investors. While the peer-to-peer lending platform will offer a quick and easy application process to businesses and consumers seeking loans with a lower interest rate, by connecting them with investors who would like a better return on their investments.
The three initial loan products will be consumer, business and auto loans.
Global Domination Capital is expected go live and accept both new investors and borrowers to the platform by late September.
