Tagged: new zealand

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

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