FMA Issues Crowdcube New Zealand its Crowdfunding License

Financial Market Authority issued an equity crowdfunding license offered to a funding portal Crowdcube New Crowdcube Updated Logo Transparent BackgroundZealand today. The announcement was not unexpected as the investment crowdfunding was recently legalized in New Zealand  and Wellington-based Armillary Private Capital partnered with Crowdcube earlier this year to offer equity crowdfunding to investors in New Zealand.

The FMA has published a guideline of minimum standards a funding portal must adhere to receive a license. Companies in New Zealand may raise up to $2 million in any 12 months using crowdfunding.  Issuing companies do not have to issue an investment statement nor prospectus creating a lighter touch regulatory approach.



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