Tagged: new zealand

August 28, 2017 @ 11:07 pm By JD Alois  |  

  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

August 27, 2017 @ 6:00 pm By JD Alois  |  

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

August 7, 2017 @ 8:24 am By Samantha Hurst  |  

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

August 6, 2017 @ 8:51 am By JD Alois  |  

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

June 23, 2017 @ 1:51 pm By Samantha Hurst  |  

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

May 24, 2017 @ 1:27 am By JD Alois  |  

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

May 5, 2017 @ 9:31 am By Samantha Hurst  |  

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

May 1, 2017 @ 3:24 pm By Samantha Hurst  |  

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

March 8, 2017 @ 9:26 pm By JD Alois  |  

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

February 21, 2017 @ 8:03 am By Erin Hobey  |  

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

February 13, 2017 @ 4:02 pm By JD Alois  |  

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

February 6, 2017 @ 4:50 pm By Samantha Hurst  |  

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

February 3, 2017 @ 4:32 pm By Samantha Hurst  |  

New Zealand Tech Industry Association, along with Ministry of Business, Innovation, and Employment, has teamed up with several New Zealand financial businesses to launch a new fintech organization called FinTechNZ. According to the New Zealand Tech Industry Association, FinTechNZ will bring together innovative companies in the financial services… Read More

February 3, 2017 @ 12:29 am By Jessica Pham  |  

Latipay is an online payments service between China and New Zealand, and it has raised $3 million in Series A funding from Jubilee Capital Management, a Singaporean VC firm.  New Zealand VC firms Tuhua Fund and Zino Fund also participated, according to e27. The company intends to… Read More

January 30, 2017 @ 3:03 pm By Samantha Hurst  |  

European-based lending platform Spotcap announced on Monday the launch of its New Zealand operations in Auckland. The lender also revealed it formed a partnership with Heartland, the bank that is providing Spotcap’s Australian operations with A$20million of funding. Speaking about the expansion, Lachlan Heussler, Managing Director of Spotcap Australia… Read More

December 31, 2016 @ 12:43 pm By Samantha Hurst  |  

New Plymouth restaurant, Sushi Ninja, recently closed its equity crowdfunding campaign on PledgeMe. The company was seeking $150,000 for its new Kaizen sushi convey-belt style diner at Centre City shopping center. The initiative was successful and raised $250,000 from 32 investors. As previously reported, wife/husband co-owners… Read More

December 14, 2016 @ 3:43 pm By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, has officially closed its crowdlending campaign, which raised nearly $369,001 from 161 investors, on PledgeMe. Denheath Desserts currently produces 10,000 custard squares per day from its Timaru factor.  The company’s previously revealed “From a small sleepy family-owned cafe to an iconic… Read More

December 5, 2016 @ 11:25 am By JD Alois  |  

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More

December 5, 2016 @ 9:00 am By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, has successfully secured its initial $300,000 funding target through its crowdlending campaign on PledgeMe. The company launched the initiative in late October, seeking a max of $1.2 million to accelerate its self-proclaimed “World Custard Invasion,” grow distribution in New… Read More

December 2, 2016 @ 9:14 am By Samantha Hurst  |  

Sushi Ninja, a New Plymouth-based restaurant, has launched an equity crowdfunding campaign on PledgeMe with a mission to raise a minimum of $150,000 (max $250,000) for the fit-out of its new kaiten sushi conveyor-belt style diner at Centre City shopping center. Wife/husband co-owners of Sushi Ninja,… Read More