Tagged: new zealand

Software As-A-Service Startup Noted Limited Raises More Than $500,000 Through Private Equity Crowdfunding Campaign on PledgeMe

New Zealand-based software as a service start-up Noted Limited raised over $500,000 through a private crowdfunding campaign on PledgeMe over the weekend. The company’s offering launched on August 29th, with a minimum goal of $100,000. It hit their maximum goal of $500,000 in less than two weeks… Read More

PledgeMe Plans Expansion into Australia as Equity Crowdfunding Rules Improve

PledgeMe, a New Zealand based crowdfunding platform, has announced an expansion into Australia just as equity crowdfunding regulations are scheduled to change. Australia has been slow to improve their regulatory environment for raising capital online but improved rules will be in place soon. “Australia is… Read More

Snowball Effect Three Year Update: $29 Million Raised for 35 Successful Issuers

  Snowball Effect received the very first equity crowdfunding license offered to a funding portal in New Zealand three years ago. The Financial Market Authority granted a license that became effective on July 30, 2014.  The event ushered in a new era of online investment in New… Read More

Equitise is Self Crowdfunding A$1.25 Million

Investment crowdfunding platform Equitise has launched a self-crowdfunding round on its own platform. Opened only for wholesale and sophisticated investors, during the next four weeks Equitise is seeking A$ 1.25 million for platform growth. The company states that A$250,000 is already being underwritten by an… Read More

Module Project Limited Launches Second PledgeMe Campaign to Fund Next Stage of Commercializing Mobile Wireless Speaker

Auckland-based social enterprise The Module Project Limited has launched its second equity crowdfunding campaign on PledgeMe to fund the next stage of commercializing its long-lasting and upgradeable mobile wireless speaker, Decibel. The company was founded in 2015 by co-founders Vince Lovrich and Ketzal Sterling. It… Read More

After Three Years of Operation, Equity Crowdfunding Platform Snowball Effect Reports First Profit

Here is something we do not read too often. New Zealand based equity crowdfunding platform Snowball Effect has recorded a profit for the year ending March 2017. According to multiple reports, Snowball Effect posted net earnings of $12,404 versus a loss of $76,428 for the… Read More

New Zealand Online Lender Harmoney Achieves $500 Million Milestone in Under Three Years of Operation

New Zealand-based peer-to-peer lending marketplace Harmoney announced on Friday it has officially achieved $500 million transaction milestone in just under three years of operation. The online lender reported that 30,000 Kiwis have joined its community and have two challenger NZ owned banks, TSB and Heartland,… Read More

P2P Fashion Marketplace Designer Wardrobe Raises $1.7 Million on Snowball Effect

Designer Wardrobe, a New Zealand based fashion marketplace, has successfully raised $1.7 million through online private equity marketplace Snowball Effect. The raise attracted investment from several prominent investors, including Stephen Tindall’s K1W1 fund and venture capital investor Aaron Bhatnagar, as well as solid interest from over 150… Read More

Peer-to-Peer Car Rental Platform MyCarYourRental Seeks $300,000 on PledgeMe to Continue Growing Car Sharing Community

New Zealand-based peer-to-peer rental platform, MyCarYourRental, has launched an equity crowdfunding campaign on PledgeMe. The company is seeking $300,000 (max $800,000), which will go towards growing its car sharing community. MyCarYourRental is described as a safe and secure online service that allows Kiwis to rent… Read More

PledgeMe Launches Lending Month of May: Seeks to Help Kiwis Learn More About Crowdlending

On Monday, New Zealand’s crowdfunding platform PledgeMe announced it was dedicating the month of May to lending related goodness. While sharing details about the initiative, the PledgeMe team stated that throughout the month they will be connecting with Kiwis who are interested and curious about crowdlending…. Read More

Equitise Pivot: Crowdfunding Portal Launches New Syndicate Platform to Connect VC’s & Angels with Retail Investors

Crowdfunding platform Equitise has launched a new “Syndicate” platform to connect Australian VCs and Angel Investors with retail investors. The shift was described as a bit of a pivot for the Australian / New Zealand – funding platform. Equitise said it was frustrated by the… Read More

Armed with $200M in Lending Capital, Harmoney Launches in Australia

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

Here is Equitise’s Comment on the Australian Crowdfunding Legislation

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

UK’s Department for International Trade Selects Eleven Fintech Companies to Visit Australia & New Zealand Next Month

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

New Zealand Tech Industry Association Launches Fintech Organization “FinTechNZ”

New Zealand Tech Industry Association, along with Ministry of Business, Innovation, and Employment, has teamed up with several New Zealand financial businesses to launch a new fintech organization called FinTechNZ. According to the New Zealand Tech Industry Association, FinTechNZ will bring together innovative companies in the financial services… Read More

China-New Zealand Payments Service Latipay Raises $3M

Latipay is an online payments service between China and New Zealand, and it has raised $3 million in Series A funding from Jubilee Capital Management, a Singaporean VC firm.  New Zealand VC firms Tuhua Fund and Zino Fund also participated, according to e27. The company intends to… Read More

Online Lender Spotcap Launches New Zealand Operations & Announces Heartland Bank Partnership

European-based lending platform Spotcap announced on Monday the launch of its New Zealand operations in Auckland. The lender also revealed it formed a partnership with Heartland, the bank that is providing Spotcap’s Australian operations with A$20million of funding. Speaking about the expansion, Lachlan Heussler, Managing Director of Spotcap Australia… Read More

Sushi Ninja Closes PledgeMe Funding Round With Over $250,000 Invested

New Plymouth restaurant, Sushi Ninja, recently closed its equity crowdfunding campaign on PledgeMe. The company was seeking $150,000 for its new Kaizen sushi convey-belt style diner at Centre City shopping center. The initiative was successful and raised $250,000 from 32 investors. As previously reported, wife/husband co-owners… Read More

Denheath Desserts Closes PledgeMe Crowdlending Campaign With Nearly $370,000 in Funds

Denheath Desserts, a custard square brand from South Canterbury, has officially closed its crowdlending campaign, which raised nearly $369,001 from 161 investors, on PledgeMe. Denheath Desserts currently produces 10,000 custard squares per day from its Timaru factor.  The company’s previously revealed “From a small sleepy family-owned cafe to an iconic… Read More

P2P Lender Harmoney Gets Hit with $292,000 Fine

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More