Ex-Hong Kong Exchange CEO Charles Li Micro Connect Raised $458 Million in Series C Funding from Global Investors, Investors Include Long-Only Investment Managers, Private Equity, Venture Funds, University Endowments, Internet Platforms & Consumer Retail Groups
4th August 2023 | Hong Kong
Micro Connect, founded by former-Hong Kong Exchange CEO Charles Li, has raised $458 million in Series C funding from global investors, with investors including long-only investment managers, private equity, venture funds, university endowments, internet platforms & consumer retail groups. Micro Connect: “Micro Connect (Macao) Financial Assets Exchange (MCEX), the first licensed global exchange for DROs and related products, is slated to launch in August 2023. The strong shareholder base and the new capital raised will support Micro Connect’s effort to enhance MCEX’s market structure and develop the world’s largest financial market for micro and small business investing. Goldman Sachs served as financial advisor on the transaction. Freshfields Bruckhaus Deringer served as legal advisor.” In March 2022, Micro Connect founder & Chairman Charles Li announced to have raised $120 million for Micro Connect Macao Financial Assets Exchange. By November 2022, Micro Connect has collaborated with more than 170 brands and chains to invest in nearly 1,800 stores in retail, food & beverage, services, and culture & sports across more than 140 cities in 31 Chinese provinces / municipalities.
“ Ex-Hong Kong Exchange CEO Charles Li Micro Connect Raised $458 Million in Series C Funding from Global Investors, Investors Include Long-Only Investment Managers, Private Equity, Venture Funds, University Endowments, Internet Platforms & Consumer Retail Groups “
Micro Connect is an exchange group that has leveraged financial technology to connect global capital with China’s micro and small businesses. Through its innovative revenue sharing investment and financing model, stores in the sectors of Food & Beverage, Retail, Services, and Culture & Sports can raise convenient and affordable long-term capital by listing on the Micro Connect (Macao) Financial Assets Exchange (MCEX), the world’s first exchange to trade revenue shares. The group’s proprietary revenue sharing asset class, Daily Revenue Obligations (DROs), gives investors direct and diversified exposure to the daily and transparent cash flows of millions of stores in China’s vibrant consumer economy, while making capital more accessible and affordable to business owners. With a fund platform, structured product solutions, and a licensed exchange, Micro Connect offers efficiency and liquidity in small business investing for global professional investors and a new alternative to impact investing.
Former Hong Kong Exchange CEO Charles Li Launches Exchange in Macao, Micro Connect Financial Assets Exchange Allows Global Investors to Invest in Daily Revenue Contract Certificates of China Small Businesses
9th December 2022 – Former Hong Kong Exchange (HKEX) CEO Charles Li has launched an exchange in Macao (Micro Connect Macao Financial Assets Exchange), allowing global investors to invest in daily revenue of China small businesses (Daily Revenue Contract Certificates). The Daily Revenue Contract Certificates (DRCCs) allows global investors to share daily revenue of China small businesses, while China small businesses are able to access financing from global investors. Interested global investors include asset managers, insurers and wealth managers. In March 2022, Founder & Chairman Charles Li announced to have raised $120 million for Micro Connect Macao Financial Assets Exchange. The Micro Connect (Macao) Financial Assets Exchange is expected to begin operations in 2023 Q1. By November 2022, Micro Connect has collaborated with more than 170 brands and chains to invest in nearly 1,800 stores in retail, food & beverage, services, and culture & sports across more than 140 cities in 31 Chinese provinces / municipalities.
Charles Li, Founder and Chairman of Micro Connect: “We are excited about launching this new exchange and developing a more inclusive and sustainable financial market. The Exchange will be at the core of our Micro Connect market ecosystem – a platform that will offer liquidity and price discovery for a new asset class, to enable investors to deploy capital more efficiently.”
Former HKEX CEO Charles Li, Founder & Chairman of Micro Connect
Micro Connect focuses on the development of a new financial market platform to offer global investors unprecedented access to China’s real economy with a new asset class – Daily Revenue Contract Certificates, or “DRCCs”. DRCCs represent entitlements to daily revenue shares from micro and small businesses in China’s brick-and-mortar consumer economy. The Exchange will provide a highly efficient and transparent market platform that connects China’s micro economy with global capital while offering new investment opportunities to global investors. In due course, the Exchange plans to provide services related to the trading of other financial assets and economic entitlements in the private markets.
About Micro Connect
Micro Connect is a new financial market platform connecting global capital with China’s micro and small businesses. The company has created Daily Revenue Contracts (DRCs) as a new asset class for direct and diversified exposure to the daily, transparent cash flows from millions of stores in China’s vibrant consumer economy, while making capital more accessible and affordable to business owners. Investment returns are collected securely via Automated Repayment Mechanisms, a network of digital infrastructure Micro Connect operates in partnerships with brands / franchises, financial institutions, and SaaS companies nationwide. With a fund platform, structured product solutions, and an exchange platform in the planning, Micro Connect offers efficiency and liquidity in small business investing for global professional investors and offers a new alternative to impact investing. For more information, please visit www.microconnect.com
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