Just one month into the new year, Snowball Effect announced that 2016 was a recording breaking year for the Kiwi equity crowdfunding platform and is looking to expand its team.
“2016 was a record year for Snowball Effect with increasing investment activity, dealflow and the launch of several new products and services such as private offers for wholesale investors. Because of this growth we are expanding our team in several areas. We’re on a mission to simplify investment into high growth Kiwi companies. We want to make the capital markets work much more efficiently for growth companies, so they can focus on selling their products to the world. We want to provide investors with a simple way to gain exposure to interesting investment opportunities – facilitating the flow of national savings into wealth-creating assets.”
While discussing their growth and development, the Snowball Effect team also stated:
“We’re driven by the significant positive impact we can make by building a thriving marketplace to connect growth companies with the capital they need. Along the way we hope to develop the general financial literacy of the New Zealand public, and bring far more meaning, engagement, and excitement to investing. The entire team at Snowball is motivated by this mission.”
The crew also noted that they are focusing on different areas, which includes venture sourcing, operations, investor relations, platform development, and marking. In regards to this year’s growth, they went on to add that they are actively hiring in venture sourcing and developing.