It has been an exciting week for the local crowdfunding scene. Taking retail investors by storm, Apple product reseller EpiCentre has completed (almost) three tranches of fundraising on crowdfunding platform Moolahsense for close to $1.5 million. This development is significant for a few reasons. The size and the speed notwithstanding, this is the first time a listed company has taken to crowdfunding for funds. It is a small but significant step as crowdfunding moves into heads and hearts of retail investors. Kudos also to Moolahsense for pulling this off. This deal is a significant one for CEO Lawrence Yong and it will no doubt cement their position as the front runner in the fledging crowdfunding space. First up, some background. EpiCentre Pte Ltd, a subsidiary of the Catalist board listed EpiCentre Holdings is looking to raise up to $2mil for the ‘purchase of inventory and general working capital’. They will be offering a nominal interest rate of 13.5% per annum. ......