Tagged: new zealand

PledgeMe Announces New CEO

Investment crowdfunding platform PledgeMe has announced a new CEO. The platform revealed its intent to select a new Chief Executive in a blog post last September. The platform was founded by Anna Guenther in 2012 and remains the only female-led crowdfunding operating in New Zealand… Read More

SME Platform Xero Integrates Payment Tech Firm Square’s Software in Australia to Enable Instant Payments for Business Invoices

Small and medium-sized enterprise (SME) platform Xero has reportedly made a new technology integration with Square’s software in Australia, in order to allow users to make instant payments of small-business invoices. The new feature will allow small and medium-sized businesses (SMBs) using Square’s platform to… Read More

New Zealand: Snowball Effect Distributes 2019 Recap

Snowball Effect, the top crowdfunding platform operating in New Zealand with about 70% of the market, recently distributed an update on platform progress. A highly curated marketplace, Snowball Effect was the first crowdfunding platform to launch in New  Zealand back in 2014. According to the… Read More

Interest-Free Buy Now, Pay Later Platform Laybuy Partners UK’s WHSmith to Offer Convenient Payment Plans

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

Liquidators File Second Report Regarding Hacked Cryptocurrency Exchange Cryptopia, $7 Million Left

Representatives from Grant Thornton have published their Liquidator’s Second Report regarding collapsed New Zealand cryptocurrency exchange Cryptopia. Just prior to its dissolution in May, Cryptopia had over 2.2 million registered users worldwide and 37 employees, Grant Thornton (GT) claims. Hackers are believed to have stolen… Read More

Global Investment Crowdfunding Platform OurCrowd Wins Tender to Operate Startup Incubator in New Zealand

OurCrowd, as part of an international consortium, has won a tender to operate a startup incubator in New Zealand. The consortium of companies that participated in the bid includes Finistere Ventures, New Zealand’s food giant Fonterra and animal management leader Gallagher. The consortium was selected… Read More

New Zealand Automobile Association Partners Insurtech Firm “Greater Than” to Make Driving Safer

The New Zealand Automobile Association (AA New Zealand) is teaming up with insurance technology (Insurtech) firm Greater Than in order to make driving a lot safer. The partnership will reportedly involve the use of the insurtech company’s artificial intelligence (AI) software Enerfy to offer “real-time… Read More

Ahead of New Zealand’s 2020 Cannabis Referendum, Marijuana Startups Raise Capital on PledgeMe

In advance of a forthcoming referendum on Cannabis, over $6 million has been raised for medicinal marijuana startups in the past 18 months via investment platform PledgeMe. The New Zealand government is poised to determine whether marijuana should be legalized and regulated for recreational use…. Read More

“Lord of the Fries” Seeks $2 Million on PledgeMe

Besides having a very witty name, plant-based fast-food chain, Lord of the Fries, is planning an expansion in New Zealand by raising growth capital on PledgeMe. The company is seeking up to NZ $2 million with a minimal hurdle of $1 million. If the company… Read More

New Zealand’s Online Lending Platform Harmoney Raises $29.6 Million to Expand Company’s Operations

Auckland, New Zealand-based Harmoney, an online lending platform that connects borrowers with lenders, recently raised NZ$25 million ($15.8 million) through a Series C investment round led by two Australasia-based investors. Established in 2014, Harmoney has acquired funding from Australia-based private equity company Kirwood Capital and… Read More

“Sauvignon Blanc of Cannabis” Puro Offers 14.58% Equity Stake on PledgeMe

Medical cannabis company Puro, described as the “Sauvignon Blanc” of marijuana is raising capital on PledgeMe. The Malborogh, NZ based company is seeking NZ $2 million in equity representing a 7.9%% equity stake in the company. The minimum investment has been set at NZ $500…. Read More

Brave New Coin and BTSE Introduce New Index to Track Bitcoin (BTC), Ether (ETH), Litecoin (LTC) Market Performance

New Zealand-based Brave New Coin (BNC), a data and research firm focused on the blockchain and digital equities industry, has partnered with multi-currency futures exchange BTSE in order to release the BNC-BTSE Composite Index (BBCX).  According to a press release shared with Crowdfund Insider, the… Read More

On September 1st, Companies in New Zealand Can Pay Employees in Crypto

Starting September 1,  in New Zealand companies will be able to pay employees in cryptocurrencies. As Crowdfund Insider previously reported, a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, cryptocurrency may be used to pay employees as long as it… Read More

Australian Securities Exchange Partnership With Digital Asset & VMWare For New Distributed Ledger Technology Initiatives

The Australian Securities Exchange (ASX) announced on Monday it has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. ASX reported that under the new partnership it… Read More

Australasia’s Marketplace Lender Harmoney Appoints David Stevens As New CEO

Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More

Fintech Unicorn TransferWise Launches Debit Mastercard in Australia & New Zealand

Fintech Unicorn and stealth bank Transferwise announced on Wednesday it is launching its debit Mastercard services in Australia and New Zealand.  Transferwise reported that its Platinum debit Mastercard has helped more than 250,000 in the UK, the U.S., and Europe avoid hidden bank fees when… Read More

In New Zealand, You Can Pay Employees in Cryptocurrency

New Zealand appears to be the first country to officially approve paying employees in crypto. According to a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, crypto-assets may be used in remuneration as long as it adheres to certain… Read More

Prospa Establish NZ Warehouse Facility, Shares Rise on ASX

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

Auckland-based Brewer, Behemoth Brewing Company, Seeks $3.5 Million

Auckland-based craft brewer, Behemoth Brewing Company, has launched an equity crowdfunding campaign on PledgeMe. Behemoth Brewing Company currently exports to 11 countries and is seeking growth capital. The company seeks to raise a combined total of $3.5 million through the equity offer with $2 million… Read More

Failed Cryptopia Exchange Granted Order Preserving Access to Customer Data

A court in the Southern District of New York has granted provisional relief to defunct New Zealand cryptocurrency exchange Cryptopia as it attempts to maintain access to customers’ trading balance data managed by an Arizona firm claiming the exchange owes it $2 million USD. Cryptopia… Read More

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