On October 7, 2016, Accrelist announced its intention to expand its existing business into the Corporate Accretion Services sector with a focus on the Financial Technology industries, in view of the constant demand for corporate financing and positive industry prospects for long-term growth to broaden the Group’s revenue stream. In addition, the proposed new business will also enable the Group to maximise the growth potential of its current resources for business expansion and increase the value of the Company.

Accrelist expands its business in the Financial Technology sector by (a) providing a securities-based crowdfunding avenue for retail investors to sight projects in various industries that are concurrently supported by the Company, as well as (b) partnering with a foreign-based industry leader to provide local merchants and/or businesses with the technological and structural support to streamline and improve the efficiency of their business process (i.e. e-Wallet).