The story: Venture capital firm and fund manager OBOR Management has been issued a Fund Management License by the Securities Exchange Commission of Cambodia (SECC).
The background: The Fund Management License is one of several licenses the SECC began issuing since mid-2018 that allow private individuals or entities to act as fund managers in Collective Investment Schemes (CISs). Only those with licenses can raise funds and invest them on behalf of individuals.
The plan: With the new license, OBOR Management is now able to offer small and medium-sized enterprises (SMEs) and startups alternate sources of regulated funding while giving local and international investors the opportunity to invest in fast-growing Cambodian businesses.
