Tagged: new zealand

Eagle Brewing NZ Seeks $750,000 on PledgeMe to Fund New Kaiapoi Brewpub

  Christchurch craft brewery, Eagle Brewing NZ, has launched an equity crowdfunding campaign on PledgeMe to raise up to $750,000 to fund the fit-out of their new Kaiapoi brewpub, The Port & Eagle. According to Eagle Brewing, the Port & Eagle is the brewery’s new brewpub… Read More

FinTech Scotland Announces Partnership With FinTechNZ

Last week, FinTech Scotland announced its first partnership with New Zealand fintech hub, FinTechNZ. According to the Scotland hub, FinTechNZ is The New Zealand Financial Innovation & Technology Association. It is a working group focused on delivering economic growth in New Zealand through financial innovation. Slightly… Read More

ClearFoundation Wants to Raise NZD $1 Billion in 5 Year Token Issuance

New Zealand-based ClearFoundation, and its commercialization partner Utah-based ClearCenter, have announced an NZD $1 billion (or about USD $730 million) initial coin offering of ClearFoundation’s tokens known as CLEAR Tokens. So who is the ClearFoundation? The ClearFoundation was formed in 2009 in New Zealand as an… Read More

Game Changer: 7 Approved Platforms to Provide “Crowd-Sourced Funding” in Australia, Equitise Immediately Lists First Equity Crowdfund Offer

The Australian Securities and Investment Commission (ASIC) announced yesterday it had approved the licensing of the first seven “crowd-sourced funding” platforms. Due to a recent change in Australia’s security regulations, these investment crowdfunding platforms may allow businesses to raise up to $5 million – all… Read More

Harmoney Reports Increase in Kiwi SMEs That Are Tapping into P2P Lending for Business Cashflow

Earlier this week, Harmoney announced there has been an increase in Kiwi SMEs that are tapping into peer-to-peer (P2P) lending for business cashflow. The New Zealand online lender stated it estimates $100 million will be loaned to business accounts through its lending platform within the… Read More

Financial Markets Authority Publishes First Statistical Report on Peer-to-Peer Lending & Crowdfunding in New Zealand

On Monday,  Financial Markets Authority (FMA) today published its first statistical report on peer-to-peer lending (P2P) and crowdfunding in New Zealand. The organization described the report as a snapshot of P2P and crowdfunding activity in New Zealand for the year ended June 30, 2017. It was revealed: “The… Read More

OCHO Chocolate Factory Secures $2 Million Just 30 Hours After PledgeMe Launch

Just 30 hours after launching its crowdfunding campaign on PledgeMe, Dunedin-based OCHO Chocolate Factory secured $2 million funding target from more than 3550 investors. Ocho, which is short for Otago Chocolate, was started by artist and former journalist, Liz Rowe. It described itself s a craft bean-to-bar… Read More

New Zealand Clarifies Stance on ICOs, Cryptocurrencies as FMA Publishes Commentary: “All tokens or cryptocurrencies are securities under the FMC Act”

The New Zealand Financial Markets Authority (FMA) is out with a statement on both cryptocurrencies and Initial Coin Offerings (ICO). New Zealand, a relatively small country that has been fairly supportive of Fintech, stated it wants to “facilitate responsible innovation, and ensure that the regulatory… Read More

OurCrowd Builds Innovation Bridge Between Israel, Australia & New Zealand

OurCrowd, a global investment crowdfunding platform, has created an innovation bridge connecting Israel and Australia / New Zealand. The comments come during the 100th anniversary of the liberation of Be’er Sheva by the Australia New Zealand Army Corp (ANZAC), and a visit to Israel by… Read More

New Zealand & Australia Recommit to Collaborate on Fintech

The Financial Markets Authority (FMA) in New Zealand and the Australian Securities and Investments Commission (ASIC) have re-affirmed their collaboration on the expanding opportunities in Fintech innovation. The two agencies originally entered into a Memorandum of Understanding (MOU) back in 2012. Since that time, much… Read More

Urban Farm Cultivate Christchurch to Sell “Broccoli Bonds” to Crowd on PledgeMe

Christchurch based urban farm Cultivate Christchurch is looking to raise up to $200,000 on crowdfunding platform PledgeMe to expand their composting service by issuing Broccoli Bonds to its crowd of investors. The company, which was launched in 2015 by landscape ecologist Bailey Peryman and youth… Read More

Update: Ethique Raises Maximum $500,000 Funding Target in Less Than 24 Hours on PledgeMe

Less than 24 hours after launching its second equity crowdfunding campaign on PledgeMe, New Zealand based social enterprise Ethique has raised its maximum funding target of $500,000 from 275 investors. As previously reported,  Ethique was founded by CEO Brianne West and is an early adopter of equity crowdfunding… Read More

Ethique Preps for Second Equity Crowdfunding Campaign on PledgeMe

New Zealand based social enterprise Ethique is preparing to launch their second equity crowdfunding campaign on PledgeMe to raise growth capital to fuel their global expansion. Founded by CEO Brianne West, Ethique was an early adopter of equity crowdfunding having raised capital on PledgeMe back… Read More

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