Tagged: new zealand

November 22, 2016 @ 10:05 am By Samantha Hurst  |  

On Tuesday, Southern Cross Financial Group announced it has received its peer-to-peer license from the New Zealand Financial Markets Authority (FMA). The company, which was established in 1997, provides funding for property secured loans in locations through New Zealand. Sharing details about the lender, CEO of Southern… Read More

November 9, 2016 @ 11:16 am By JD Alois  |  

Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More

November 4, 2016 @ 1:26 pm By Samantha Hurst  |  

New Zealand crowdfunding platform AlphaCrowd announced on Friday it has secured $800,000 for a new investor in China. The website revealed it received $380,000 from Beijing-based Fang Liu and is expected to receive the additional $420,000 after Lai is granted a work visa from New… Read More

October 31, 2016 @ 8:24 am By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, launched its crowdlending campaign on PledgeMe on Monday. The company is seeking a minimum of $300,000 (max $1.2 million) to accelerate its self-proclaimed “World Custard Invasion,”  grow distribution and New Zealand, and start expansion plans in Hong Kong, Singapore, and… Read More

October 14, 2016 @ 12:57 pm By JD Alois  |  

H2Ocean, the Fintech fund that expected to list shares on the ASX, has pushed pause in its public float as funding fell short of goal.  In a letter to prospective investors, Ben and Toby Heap, creators of H2Ocean, explained their challenge; “As you may know,… Read More

October 14, 2016 @ 11:40 am By Samantha Hurst  |  

This week, Kiwibank, along with its partner Creative HQ, announced they have teamed up with Simmonds Stewart, which will reportedly act as legal counsel for Kiwibank’s new fintech accelerator program. As previously reported, Kiwibank announced the launch of its new fintech accelerator in New Zealand…. Read More

October 4, 2016 @ 5:34 am By Erin Hobey  |  

Auckland-based celebrity chef Robert Oliver launched a PledgeMe campaign to equity crowdfund his Pacific-styled fine dining restaurant in Auckland. KP Auckland Limited is seeking to raise between $450,000 and $600,000 which represents 42.9%–50% of the company. Shares are $1 each with a minimum investment of $500…. Read More

September 30, 2016 @ 4:18 pm By Samantha Hurst  |  

On Thursday, New Zealand-based crowdfunding platform PledgeMe announced it was hitting the road again for a new North Island tour. This past spring, the funding portal conducted a “Tour de South Island” to share with orders the concept of equity crowdfunding. The PledgeMe team revealed:… Read More

September 16, 2016 @ 8:10 am By JD Alois  |  

Snowball Effect, the leading equity crowdfunding platform in New Zealand, is celebrating 2 years of operation in the Kiwi nation. In recognition of their anniversary and platform growth, Snowball Effect has shared some platform highlights along with a deck (embedded below). New Zealand, in many… Read More

September 16, 2016 @ 12:10 am By JD Alois  |  

First Publicly Traded Company to Raise Money via Equity Crowdfunding Platform in New Zealand. G3 Group Limited (G3) (NXT:GGL), the first company to list on the new NXT market 15 months ago, is raising up to $3 million in additional capital using equity crowdfunding platform… Read More

September 13, 2016 @ 1:23 pm By JD Alois  |  

Equitise’s First Big Syndicated Transaction. H2Ocean Limited is in the process of doing an initial public offering (IPO) in Australia.  The shares are expected to list on the ASX this coming October. As part of the process, H2Ocean is offering shares via an offer on Equitise –… Read More

September 7, 2016 @ 9:02 am By JD Alois  |  

Harmoney, a New Zealand based peer to peer lending platform, has surpassed $300 million in lending just shy of their 2 year anniversary of consumer lending. According to their website, Harmoney’s bulk of borrowing has been for debt consolidation.  Interest rates start at 9.99% today. Lenders… Read More

August 31, 2016 @ 3:59 pm By Samantha Hurst  |  

Peer to peer lender Harmoney is taking some heat from the New Zealand Commerce Commission as they have filed Fair Trading Act (FTA) charges in the Auckland District Court against against them. The Commission previously revealed six FTA charges that Harmoney faced related to 27 versions of… Read More

August 30, 2016 @ 2:14 pm By Samantha Hurst  |  

On Tuesday, CEO of New Zealand crowdfunding platform PledgeMe, Anna Guenther, introduced a new feature called “PledgeMe.Friends,” which will offer a nice “bonus” for those who inspire companies to use its website. The funding portal first introduced the PledgeMe.Friends concept while updating users on its yearly progress earlier… Read More

August 25, 2016 @ 11:16 pm By JD Alois  |  

1Above, a travel well-being company, is raising capital via equity crowdfunding platform Equitise. The New Zealand based company has created an anti-jet lag concotion that apparently works quite well. We all know the detrimental effects of jet-lag that can undermine quick trips around the globe. 1Above… Read More

August 18, 2016 @ 9:39 am By Samantha Hurst  |  

Thought-Wired announced on Wednesday the launch of its PledgeMe campaign. The New Zealand social enterprise is currently seeking $200,000 through the initiative as it looks to fund the next stage of commercializing its thought sensing software. Launched in 2011, Thought-Wired’s product nous is described as a piece… Read More

August 18, 2016 @ 8:19 am By Samantha Hurst  |  

Squirrel Group, a mortgage broker and peer to peer lender, announced on Thursday the launch of its Secondary Market, which now allows loans to be on-sold to other investors. The lender revealed since its launch in November, the Secondary Market has been notably the most requested… Read More

August 12, 2016 @ 9:51 am By Samantha Hurst  |  

Just two days after its PledgeMe launch, ParrotDog’s highly successful crowdfunding campaign secured over $2 million from over 800 investors. The company decided to close the initiative. ParrotDog, which was founded in 2011 by Matt Stevens, Matt Kristofski, and Matt Warner, is described as one of… Read More

August 11, 2016 @ 11:24 am By Erin Hobey  |  

Beer: uniting the crowd! Campaign and campaign, beer has brewed up millions from global investors. In the first 12 hours of the Wellington-based craft brewers ParrotDog  equity crowdfunding campaign on PledgeMe raised their minimum goal of NZ$1,200,000. Within the day, the brewers raised more than NZ$1.73M… Read More

July 28, 2016 @ 10:48 am By Samantha Hurst  |  

This week, Spark Foundation’s Givealittle announced starting September 1st it is charging a flat 5% fee, inclusive of goods and services tax (GST), on the amount raised by campaigns on its crowdfunding platform. The website declared in an official statement the soul purpose of the fee is to keep… Read More