A group of entrepreneurs in the Malaysia were interested in setting up a crowd funding website and tasked Mosaic International to prospect possible joint venture partnership with an existing crowdfunding website operator in the UK.
We spoke to a number of such operators and two were shortlisted.
We made arrangements to introduce parties and hosted various meetings to assist both parties in their dealings. The client then appointed one of the shortlisted operators and agreed to work together with them to enter the market in Malaysia. An application was made for a licence to the central bank in the name of the UK operator with the entrepreneurs named as local partners.
Unfortunately, the application was not approved but parties remain in talks on other ongoing projects. Throughout the whole process, we were privy to their discussion and acted as an enabler to ensure that cultural and language idiosyncrasies were aligned.