Tagged: new zealand

May 6, 2020 @ 2:34 pm By Samantha Hurst  |  

The New Zealand Financial Markets Authority announced earlier this week it has added Karatbar International GmbH, Karabit Foundation, and Associated Companies to its warning list. As previously reported, Karatbars International GmbH is a German company that has been promoting a digital currency, called KaratGold Coin,… Read More

April 29, 2020 @ 10:18 pm By JD Alois  |  

The global pandemic has been a total shock to the world. The COVID-19 crisis has devastated many businesses around the world. In New Zealand, popular fashion retailer Ingrid Starnes was planning a significant expansion of its business. Late last year, the company signed a lease… Read More

April 10, 2020 @ 4:55 pm By JD Alois  |  

Snowball Effect, a leading investment crowdfunding platform in New Zealand, is launching new debt products as it expands it services to firms looking to move beyond equity capital. Since platform launch, Snowball Effect has helped Kiwi businesses raise over $70 million. By providing online capital… Read More

April 7, 2020 @ 10:02 am By Samantha Hurst  |  

New Zealand’s Financial Markets Authority (FMA) announced on Monday it has concerns about the website “Profit Bitcoin” has the hallmarks of being a scam. The organization revealed it was made aware that the digital currency platform is advertising on Facebook by promoting false news about… Read More

February 29, 2020 @ 10:49 am By JD Alois  |  

Harmoney a leading online lender operating in New Zealand is winding down its peer to peer lending business. This means retail investors will no longer be able to invest in loans originated on the platform. The news was revealed earlier this month in a blog… Read More

February 27, 2020 @ 11:29 pm By Omar Faridi  |  

The Reserve Bank of New Zealand, or RBNZ, the nation’s central bank, has introduced real-time financial market infrastructures for its customers in the Asia-Pacific (APAC) region. The solutions have been developed by SIA, an Italian technology company. The solutions include a real-time gross settlement (RTGS)… Read More

February 12, 2020 @ 11:43 pm By JD Alois  |  

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

February 12, 2020 @ 8:40 pm By Omar Faridi  |  

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

February 9, 2020 @ 2:05 pm By JD Alois  |  

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

February 6, 2020 @ 1:20 pm By Omar Faridi  |  

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

December 16, 2019 @ 11:46 am By Cali Haan  |  

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

December 16, 2019 @ 10:57 am By JD Alois  |  

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

December 12, 2019 @ 9:32 pm By Omar Faridi  |  

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

November 26, 2019 @ 9:47 pm By JD Alois  |  

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

November 18, 2019 @ 7:20 pm By JD Alois  |  

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

November 8, 2019 @ 12:16 pm By Omar Faridi  |  

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

November 7, 2019 @ 8:29 am By JD Alois  |  

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

October 30, 2019 @ 8:01 am By Omar Faridi  |  

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

August 29, 2019 @ 8:16 am By JD Alois  |  

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

August 26, 2019 @ 3:55 pm By Samantha Hurst  |  

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