Snowball Effect, the leading equity crowdfunding platform in New Zealand, is celebrating 2 years of operation in the Kiwi nation. In recognition of their anniversary and platform growth, Snowball Effect has shared some platform highlights along with a deck (embedded below).
New Zealand, in many ways, is a forward thinking nation when it comes to alternative finance. The Cambridge Centre for Alternative Finance stated that the island nation captured the highest alternative finance per capita in the region (outside of China) at USD $59.37 per person. Obviously you need innovative financial platforms to generate this number. The Snowball Effect bullets out their growth:
- Over 10,000 investors have participated on the platform
- Over NZ$ 20 million in funding
- 18 public offers and 6 private offers
- NZ$ 1.02 average raise
- Average investment is $13,814 – a 171% increase from year 1
See the deck below.
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