Investment crowdfunding platform Snowball Effect will offer platform investors access to OurCrowd’s OC50 Series IV Fund. Snowball Effect has partnered with OurCrowd to give investors in New Zealand a simple way to get access and exposure to global investment opportunities. OurCrowd is one of the… Read More
Max Crowdfund, a blockchain-powered real estate crowdfunding platform, announced on Thursday it has expanded its services to New Zealand. The platform will launch in the country under Max Crowdfund NZ Agency Limited. Max Crowdfund reported that the launch in New Zealand will allow investors to… Read More
Australasia’s peer-to-peer lending marketplace Harmoney announced this week it has exceeded its loan origination forecasts for the six months to 31 December 2020 (on an unaudited basis), delivering total loan originations of NZ$194m for the period, 2% ahead of Prospectus forecasts. The marketplace also revealed… Read More
Equitise, one of the first platforms to receive an Australian retail crowdfunding license back in 2018, has shared some data platforms for platform performance for 2020. As we all know, 2020 was a challenging year as COVID impacted all industries to varying degrees. But like… Read More
Phytotecnia, a New Zealnd-based medicinal cannabis company, launched its equity crowdfunding campaign publicly through PledgeMe on Monday. The investment raised more than $300,000 privately days prior to the launch. Founded in 2019, Phytotecnia was created by Irene López-Ubiria and Álvaro Vidiella-Salaberry, who were also part… Read More
PledgeMe is reporting that over NZ $1.5 million was raised for Covid-19 Vaccine Corporation Limited (CVC) in less than an hour of the securities offering being live on the platform. It appears that the investment was filled from a single individual, according to the offering… Read More
New Zealand’s Financial Markets Authority (FMA) has hired two specialists who are focused on helping the regulator with managing and overseeing Fintech and environmental, social and corporate governance (ESG) projects. Binu Paul, a Fintech entrepreneur, will be serving as Specialist Lead, Fintech. He’ll be reporting… Read More
U.S. fintech Payrix announced on Wednesday it is set to expand its services in Australia and New Zealand, as well as completed its acquisition of Brisbane-based payment service provider, IntegraPay. The expansion efforts come just days after Payrix announced it secured $50 million through its… Read More
Australia-based Fintech firm Credit Clear has reportedly asked investors to value it at around 6x its historical revenue for its planned or upcoming initial public offering (IPO). Bell Potter, the firm’s broker, shared the new terms with clients on August 25, 2020. As first reported… Read More
Australian Stock Exchange (ASX) listed Fintech firm 9Spokes International (ASX:9SP) is reportedly planning to secure new investments. 9Spokes aims to use the funds to grow its customer base, by providing various software-as-a-service (SaaS) solutions.. The Fintech company announced its fundraising plans on August 26, 2020…. Read More
Medical Kiwi, a medical Cannabis firm, quickly raised almost NZ $400,000 on its first day on New Zealand investment crowdfunding platform PledgeMe. According to the offering page, Medical Kiwi has raised just shy of $400,000 from 176 individual investors. The offering is seeking a minimum… Read More
James Fuller, CEO and co-founder at Hnry, a New Zealand based online freelance accountancy company, claims that his firm has seen a significant increase in the number of new customers following the COVID-19 outbreak. In an interview with Channel Life, Fuller notes that since the… Read More
PledgeMe, an investment crowdfunding platform operating in New Zealand, is reporting the first dividends paid from a crowdfunded securities offer. According to PledgeMe, Wellington-based payroll intermediary company, Thankyou Payroll, announced their first dividend payment at their AGM last night. “We understand that we’re not only… Read More
Brave New Coin, a crypto-asset trading, research, and data firm, has agreed to a multi-year partnership with Toronto Futures Options Swaps Exchange or tFOSE, a derivatives exchange and clearinghouse that’s in the process of obtaining regulatory approval in Canada. Brave New Coin will be designing,… Read More
Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More
New Zealand-based Fintech firm Zeeco has partnered with Salt Edge, a company that provides Open Banking solutions, in order to access users’ financial data and automate certain eco-contributions. As mentioned in a blog post published on Salt Edge’s official website: “With [rising] awareness [about] the… Read More
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
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
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
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
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