Tagged: australia

March 11, 2016 @ 9:15 am By Samantha Hurst  |  

On Friday, CoAssets (NSX code: CAX), a Singapore-based crowdfunding platform, announced it was kicking off its Australia operations. The company will commence, through its Australian subsidiary, business crowdfunding in the June quarter, in addition to real estate crowdfunding. CoAssets revealed that while it has already been able… Read More

March 7, 2016 @ 9:33 pm By JD Alois  |  

International Financial firm Investec, a publicly traded company, has invested in H2 Ventures, a fintech accelerator based in Australia.  In a blog post on the H2 site the company explained; “At risk of blowing our own trumpet, we are delighted to announce today an investment… Read More

March 4, 2016 @ 11:42 am By Samantha Hurst  |  

On Thursday, Aussie-based small business lender, Kikka Capital, announced it has signed a new deal with Qantas‘ SME rewards program, Acquire. Kikka will reportedly be joining more than 35 existing Acquire partners including telecommunications and hotel firms. Sharing details about the deal, Kikka Capital CEO Milko Radotic stated: “We… Read More

February 28, 2016 @ 10:58 am By JD Alois  |  

The Australian Senate referred the provisions of the Corporations Amendment Bill 2015 (or Crowd-sourced Funding as it is called)  to the Economics Legislation Committee for inquiry and report by February 22nd, which was then extended until February 29th. The proposed bill has come under pointed criticism… Read More

February 26, 2016 @ 8:29 am By Midori Yoshimura  |  

Estate Baron, an Australian real estate crowdfunding platform, now has no limit on the number of investors that can participate, which has allowed the company to bring the minimum investment down to $2,000. Founder Moresh Kokane explains this means Estate Baron has made one of the first… Read More

February 23, 2016 @ 11:47 am By JD Alois  |  

New regulations designed to facilitate investment crowdfunding are weaving their way through the rule making process in Australia. Recently proposed rules have engendered both support and criticism. This past December, the Aussie Senate referred the updated proposal of the “Crowd-Sourced Funding Bill” to the Economics… Read More

February 23, 2016 @ 6:40 am By Erin Hobey  |  

Consumer fintech firm, MoneyMe, has announced a $30 million AUS capital raise after just two years in operation, signaling increasing confidence by the investment community in fintech who demonstrate an ability to achieve their growth projections and deliver true consumer value. The $30 million capital… Read More

February 21, 2016 @ 10:29 pm By Nathan Rose  |  

  The recent changes in the retail equity crowdfunding regulatory environment make this a useful time to take stock of the international landscape and compare regimes between countries. Some countries have moved faster than others, and different countries have taken different approaches to regulation, ranging… Read More

February 19, 2016 @ 3:18 pm By Samantha Hurst  |  

Australian marketplace lender, DirectMoney, announced that it has sold a total of $5 million of personal loans to Macquarie Group (Macquarie), a provider of financial, advisory, investment and funds management services. According to DirectMoney’s most recent quarterly report the platform held $8.49 million in loans at… Read More

February 15, 2016 @ 9:26 am By Samantha Hurst  |  

Global sportswear brand, SKINS, announced on Monday it has launched an equity crowdfunding campaign in the UK, Europe, Australia and New Zealand. The Aussie company and inventors of sports compression is working with Seedrs and  Equitise to raise £2 million out of a 10 million global fundraising… Read More

February 13, 2016 @ 4:38 pm By JD Alois  |  

Harmoney, the first peer to peer lender in New Zealand, is readying for it’s jump over to Australia.  While an exact date has yet to be set, Scoop reports that an invite-only beta launch will happen in the next few weeks so Harmoney can work… Read More

February 11, 2016 @ 11:14 pm By JD Alois  |  

  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

February 8, 2016 @ 5:41 pm By JD Alois  |  

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

January 30, 2016 @ 9:26 am By JD Alois  |  

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

January 19, 2016 @ 12:01 pm By Samantha Hurst  |  

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

January 12, 2016 @ 7:56 pm By JD Alois  |  

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

January 6, 2016 @ 10:35 am By Samantha Hurst  |  

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

January 3, 2016 @ 9:38 pm By JD Alois  |  

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

December 22, 2015 @ 9:22 am By Erin Hobey  |  

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

December 20, 2015 @ 7:29 pm By JD Alois  |  

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