Tagged: matt vitale

Female Only Rideshare Firm Shebah Tops Aussie Crowdfunding Record, Single Investor Contributes $1 Million

Shebah, a ridesharing service only for women, has raised $3 million on Birchal. The Australian company has claimed the most money raised for the young investment crowdfunding sector. Shebah sought a minimum target of $1 million at a pre-money valuation of $19.4 million. The fully… Read More

Finally! Parliament of Australia Approves Proprietary Firms to Utilize Investment Crowdfunding

Earlier today, the Parliament of Australia finally legalized the ability of “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding. The change in the existing law has been a nagging concern for some time now as the previous law only allowed “unlisted public companies”… Read More

FinTech Australia Tells Aussie Government it is Time to Act on Legislation to Empower Private Company Equity Crowdfunding

Australia enacted new crowdfunding regulation (Crowd-sourced funding) in 2017 but left a gaping shortcoming  in the new rules. For some obtuse reason, only unlisted public companies may crowdfund up to $5 million under current law. The vast majority of SME businesses in Australia are private companies thus… Read More

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