Tagged: crowdfundup

Fintech Australia Welcomes Approval of Crowdfunding Legislation

Fintech Australia lauded the Australian Parliament’s vote to support the Corporations Amendment (Crowd-Sourced Funding) Bill of 2016. The advocacy group said the approval of the equity crowdfunding law will provide a major avenue for companies to raise capital and create new jobs. Fintech Australia CEO… Read More

Slow Moving: Australian Investment Crowdfunding Rules Plod Along

  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

ASSOB: “Responsible Crowdfunding Platforms are Vitally Necessary.”

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

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

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”

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

CrowdfundUP Closes First Real Estate Crowdfunding Offer in Australia

CrowdfundUP, a real estate crowdfunding platform, has closed the very first deal in Australia. The offer was for a $500,000 development project listed by Perth based developer Megara. The project will build eight, 2-level, residential units in Doubleview, Perth. Both wholesale and retail investors had… Read More

CrowdfundUp: Australia’s First Real Estate Crowdfunding Platform

Australia was early to the equity crowdfunding game with ASSOB but they are a bit late in real estate crowdfunding – that is until today. CrowdfundUp, a Perth based startup, has launchd Australia’s first real estate crowdfunding platform offering both debt and equity investment  opportunities… Read More