Tagged: australia

Slow Moving: Australian Investment Crowdfunding Rules Plod Along

Australia Money

  In Australia, the process to update the regulatory environment to facilitate equity crowdfunding has been a long journey. Back in 2014,  proposed rules by the Corporations and Markets Advisory Committee (CAMAC) were criticized by one industry leader as “totally unworkable”. No need to say more. At… Read More

Investec Australia Purchases 20% of Equity Crowdfunding Platform Equitise

Investec Zebrajpg

Equitise has a new shareholder.  Investec Australia, a publicly traded company, announced today that it had purchased a 20% stake in the equity crowdfunding platform making it the single largest shareholder behind the Equitise co-founders.  Investec was joined in the funding round by H2 Ventures and… Read More

DirectMoney Updates Shareholders on Q2 Performance

DirectMoney

Australian marketplace lending platform DirectMoney (ASX:DM1) has posted its Q2 results for the period ending December 21st, 2015.  DirectMoney listed its shares on the ASX just last year in mid-July. The IPO priced out at $0.20/share. The company was launched in 2006 but created a… Read More

Legion Music Fest 2016 Cancelled; Relaunches Pozible Campaign For 2017 Event

Legion Music Festival 1

Following its unsuccessful crowdfunding campaign on Pozible (which secured $324,511 out of its $3,275,000 goal), Australia’s Legion Music Festival has decided to cancel this year’s event.  The organizers stated: “We had hoped to let all our Pozible supporters know 24 hours before everyone else so that they had a… Read More

Equitise Year in Review (Infographic)

Equitise Co-founders

Equitise, a “Trans-Tasman” equity crowdfunding platform has shared a few of the high-points from 2015. Originally queued up to launch in Australia, Equitise first set up shop in New Zealand as the regulatory regime moved a bit quicker in facilitating the new form of internet finance…. Read More

Indiegogo Success Flow Hive Teams Up With Filmmaker Amy Browne For “Bee Collective” Documentary (Video)

Flow Hive 1

Last month, Australian filmmaker Amy Browne debuted her recent project called Bee Collective. The film featured Indiegogo-success, Flow Hive. Flow Hive is the beekeeping and honey making system that has captured the backing of thousands. It received $12,487,629 last summer through the global crowdfunding platform. The documentary’s description reads:… Read More

ASSOB: “Responsible Crowdfunding Platforms are Vitally Necessary.”

Will Leitch

ASSOB‘s new CEO Will Leitch took to the pages of the Australian to laud the new investment crowdfunding rules (or Crowd-sourced funding as they call it down under). ASSOB is perhaps the oldest crowdfunding platform in the world and a trailblazer in the space.  Leitch… Read More

EY FinTech Adoption Survey: More Millennials Tapping P2P, Online Payments and Investments; Fintech Is Here to Stay

FinTech and Money

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

Open for Business: Lending Crowd Enters P2P Lending Sector in New Zealand

open sign

Lending Crowd received FMA approval last Fall and today the peer to peer lending platform has unlocked the doors and announced it is open for business providing access to capital for New Zealand SMEs and consumers. According to information provided by the company, Lending Crowd… Read More

Brief: Australian Bank Auswide Offers Up $60M to P2P lender MoneyPlace & Takes 20% Stake

stuart-stoyan

On Thursday, Queensland-based Auswide Bank announced it has offered $60 million in funding to peer-to-peer lender, MoneyPlace. MoneyPlace, which was launched in October, provides loans of $5000 to $35,000 through its P2P platform. The new partnership between Auswide and MoneyPlace will have a 5-year deal to fund up… Read More

Australian Fintech Brief: First State Super Partners with H2 Ventures

Australia 100 Dollars Money

First State Super will invest tens of millions of dollars into fintech start-ups over the coming years, in partnership with H2 Ventures, a specialist fintech VC fund, according to the Sydney Morning Herald‘s James Eyers.  The launch of the First State Super-H2 partnership was attended by Prime… Read More

Crowd Funding Institute of Australia: What’s Up Down Under with the Corporations Amendment (Crowd-sourced Funding) Bill 2015

Australia

After much anticipation from key crowdfunding leaders, including Jon Medved, today marked the landmark occasion for small businesses throughout Australia, according to Crowd Funding Institute of Australia. With support from a burgeoning crowdfunding industry, the first steps have been taken to introduce legislative changes that tackle… Read More

CrowdfundUp Calls Australian Crowdfunding Laws a “Missed Opportunity”

Jack Quigley

Legislation is a Positive Step But Includes Unnecessary Costs. According to real estate crowdfunding platform CrowdfundUp, Australia has “missed an opportunity” as released crowdfunding law falls short of ambitions.  Following many months of discussion, the Australian government published its “Crowd-sourced Funding” bill allowing eligible companies… Read More

Australia: “Crowd-Sourced Funding” Bill (Document)

Kelly ODwyer

The Australian Parliament has revealed the expected legislation regarding the regulatory structure of investment crowdfunding.  The bill, along with an explanatory memorandum, is embedded below.  The government had previously stated final rules were a priority for completion before the end of the year. “Crowd-sourced funding”… Read More

Brief: AltFi Announces Details For The Inaugural Australasia Summit 2016

AltFi

AltFi, a media outlet for alternative finance, announced this week details about the inaugural AltFi Australasian Summit 2016 in Sydney, which is set to be held next February 29th in Sydney. This event will provide attendees with a deep dive into the inner workings of… Read More

Brave New Coin & Smartbit Partner to Create BNC Bitcoin Liquid Index

Bitcoin

New Zealand based Brave New Coin and Australia based Smartbit have formed a partnership to create a new cryptocurrency index. The duo have launched the BNC Bitcoin Liquid Index (BNC-BLX) in an attempt to create the “first provable index” for financial markets. According to information provided… Read More

Jack + Bill Provides Pro-Bono Assistance to Pozible Crowdfunding Campaigns

Jack + Bill team photo

Porter Novelli, an Australian based marketing firm, has once again assisted several crowdfunding campaigns raise funding on Pozible. This is the second year the company has partnered with Pozible to aid several projects. Using their “pop-up” public relations creation, jack + bill, the group has… Read More

ThinCats Australia Nears $2 Million in Lending After One Year of Operations

ThinCats Logo

ThinCats Australia has posted an update on their progress and according to the platform after one year of operations the peer to peer lending platform has arranged approximately $2 million in loans. Interest rates have ranged from 11.5% to 14.5% from a group of “diverse”… Read More

CEO Jon Medved Discusses Australian Regulations, Innovation Finance and OurCrowd’s Unique “Tasty Blend” of Crowdfunding

jon medved

Jon Medved, the prominent globetrotting entrepreneur and charismatic founder of OurCrowd, caught up with ABC’s Business Correspondent Ticky Fullerton as part of a segment on new reforms on crowdfunding for small businesses and startups in Australia. Complimenting PM Malcom Turnbull’s deep understanding of tech and innovation… Read More

Small Business Minister Kelly O’Dwyer Talks Crowdfunding in Australia

Kelly ODwyer

In Australia today, start-ups and small businesses cannot practically access retail investors due to significant upfront and ongoing compliance costs and red tape. This is according to Kelly O’Dwyer, the Minister for Small Business and Assistant Treasury. O’Dwyer delivered this statement to the Financial Services… Read More