The Zagreb Stock Exchange (ZSE) intends to establish with Estonia's Funderbeam Ventures a company that will provide cross-border services to investors and start-ups by creating an alternative platform for funding companies and enabling trading in such investments, the ZSE announced on Thursday.
The ZSE has notified the Croatian Financial Services Supervisory Agency (HANFA) that it intends to acquire a business share in a company which is to be incorporated as Funderbeam South-East Europe, a limited liability company with a registered office in Zagreb.
The share capital of the company would be 20,000 kuna and the ZSE would acquire a 20% stake.
The project is part of the ZSE's long-term strategy to support companies at all stages of development: from start-ups to small and medium-sized enterprises, and finally a regulated market.
The ZSE said it aims to be a major driver in developing long-term sustainable growth of business for the whole of South-East Europe.