GreenPro A.I. Accounting Raises Funds on Ata Plus, Offering Investors a Clear Exit
Kuala Lumpur, 18th November 2020 - GreenPro Capital Village Sdn. Bhd. (GreenPro A.I.) is offering investors a clear and early exit at the launch of its equity crowdfunding (ECF) campaign with Ata Plus, a regulated Equity Crowdfunding platform by the Securities Commission. In this ECF round, GreenPro A.I. is raising RM300,000 in exchange for redeemable preference shares. According to a survey by Clutch, many small businesses believe they lack the budget necessary to employ accounting staff and as a result employ minimal accounting staff, potentially causing their financial records to suffer. However, with technology evolving and automation making its way into accounting, firms and companies now have the option to keep up with their accounting and finance responsibilities while maintaining low overhead costs. Thomson Reuters reports that 78% of finance professionals predict that all the future accounting methods will be automated.
In a post-COVID-19 world, where finance will be contending with the need to reduce costs amid declining revenues and to upskill employees who want the opportunity to focus on more value-added, analytical work, CK Lee and Samson Chow are utilising their combined 30 years of experience in the accounting and finance industry to address this critical business challenge. Starting in 2005, the GreenPro A.I. team has committed eight years of research and development to deliver its revolutionary, cloud-based A.I. accounting solution. Since its 2013 launch in Hong Kong under the brand name ‘City A.I. Accounting’, the platform has amassed over 500 users and was also awarded ‘Leader of Innovation 2019’ awarded by Hong Kong Corp Hub for its outstanding performance.
The company is now raising funds to shift its operations to Malaysia and for the marketing and commercialisation of its A.I. accounting solution to Malaysian SMEs. The company is offering its ECF investors the opportunity to exit their investment through an acquisition by GreenPro Capital Corp., a NASDAQ-listed (Nasdaq: GRNQ) multinational conglomerate with a portfolio of businesses in finance and technology. Investors participating in this ECF stage would have an opportunity to realise the value of this investment through a redemption in the form of NASDAQ-listed stock issued by GreenPro Capital Corp at a value of 120% of their initial investment, which is anticipated to occur within the subsequent 12 months following the ECF campaign.
“SMEs need to ensure they have a strong accounting and record keeping infrastructure in place in order to support the increasingly difficult financial decisions that have arisen from the pandemic. We offer an accessible, reliable cost-effective solution that we believe will decrease the accounting costs of Malaysia’s SMEs by up to 90%,” said CK Lee, founder and CEO of GreenPro Capital Village. “We want to invite investors to join us on this journey and offer the ordinary person the opportunity to benefit financially by investing at this early stage and be able to exit early,” CK added.
“We are excited to have GreenPro A.I. on our crowdfunding platform, not only for the potential fantastic returns they aim to offer investors, but in the timely entrance of their solution to the Malaysian market as SMEs are making the shift to digitalisation,” said Elain Lockman, Co-Founder and Director of Ata Plus.
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About Ata Plus Sdn Bhd
Ata Plus Sdn Bhd is an Equity Crowdfunding (ECF) online platform, matching businesses seeking growth and funding with investors interested in building sustainable world-class companies. As a Registered Recognised Market Operator with the Securities Commission Malaysia (SC) since June 2015, Ata Plus actively seeks to leverage on technology tools to facilitate and promote transparency and good governance in investing and fundraising. The platform delivers extensive services from qualifying companies to list and marketing their ECF Campaigns; to educating investors on ways to evaluate their investment opportunities. Ata Plus aims to:
- Provide an efficient and innovative channel of fundraising to SMEs and start-up
- Offer a pool of quality, high potential and legitimate deal flow to the investor community
- Operate a transparent and professional ECF platform that balances risk management
and compliance through swift processes
GreenPro Capital Village Sdn Bhd
GreenPro A.I. Accounting is providing a Revolutionary Accounting Solution to SME, leveraging on A.I. Technology and IBM Cloud to provide a one-stop accounting service that is simple, quick, and cost saving. Since its 2013 launch in Hong Kong, the company serves over 500 clients and has expanded its operations to Malaysia in 2020.
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Ata Plus Sdn Bhd
Email : firstname.lastname@example.org
HP : +6012-209 5378
GreenPro Capital Village Sdn Bhd
Email : ps.tham@GreenProcapital.com
HP : +6013-337 7810