FundKiss Technologies Limited (“FundKiss”) is a domestic company incorporated on 25th August 2016. FundKiss is the first entity to secure the Regulatory Sandbox Licence from the Board of Investment/Economic Development Board to operate in Mauritius. FundKiss shall operate the first licensed crowdlending platform in Mauritius and hence participates in the emergence of the fintech industry in Mauritius. The platform should be attractive to SMEs as they will obtain unsecured loans from lenders at attractive interest rates.
After the successful deployment of the platform, FundKiss will test whether (i) Crowdfunding can be a viable business in Mauritius (ii) SMEs find it attractive to use this medium to seek financing for their projects (iii) the potential lenders have an appetite to fund SMEs’ projects.