Tagged: snowball effect

August 25, 2014 @ 11:44 am By JD Alois  |  

Equity crowdfunding on Snowball Effect, the first ever offer in New Zealand quickly hit is crowdfunding target of $600,000 and closed at their over-funding target of $700,000 or 117% funded.  Snowball Effect shared the news in a tweet this past Friday;   And we’re done!… Read More

August 22, 2014 @ 8:59 am By JD Alois  |  

The Honorable Craig Foss, a member of Parliament in New Zealand and former banker, has shared his opinion on the benefits of equity crowdfunding and peer to peer lending on Kiwi crowdfunding platform Snowball Effect.  The Financial Markets Conduct Act (FMC Act) legalized both equity… Read More

August 20, 2014 @ 9:24 pm By JD Alois  |  

The very first company in New Zealand to take advantage of the new Kiwi exemption that legalized equity crowdfunding – Renaissance Brewing  – has issued the last call for shares.  The offer has been live on Snowball Effect for just over a week and stands… Read More

August 12, 2014 @ 9:04 am By JD Alois  |  

Snowball Effect is the first equity crowdfunding platform to offer shares in a New Zealand business and they started off with a jump as Renaissance Brewing offered interested investors the chance to own shares in their craft Brewery. Hardy Michel from Snowball Effect said in… Read More

August 10, 2014 @ 8:35 pm By JD Alois  |  

Renaissance Brewing announced they were planning to raise capital via equity crowdfunding way back in April of this year.  Their revelation came right around the time that New Zealand legalized investment crowdfunding.  Renaissance has soft launched their equity crowdfunding campaign and may be the first… Read More

July 30, 2014 @ 5:34 pm By JD Alois  |  

In what may be the very first equity crowdfunding license offered to a funding portal in New Zealand, Snowball effect has announced they received notices from the Financial Market Authority they have been granted their license effective today (July 30, 2014).  The announcement was not… Read More

July 20, 2014 @ 5:50 pm By JD Alois  |  

It appears that New Zealand will have their very first equity crowdfunding campaign on Snowball Effect later this month, at least according to a tweet from Ripper Crowd Loyalty;   Guys! We have a launch date for our #equitycrowdfunding campaign on @snowballnz. 28/07/14. Rippr will… Read More

July 4, 2014 @ 7:13 am By JD Alois  |  

New Zealand based Snowball Effect recently sent a note out to interested parties stating they expect a July launch of their equity crowdfunding platform.  The site is “in the late stages of the licensing process” with indications from regulators the process will be completed soon…. Read More

April 17, 2014 @ 9:01 am By JD Alois  |  

Equity crowdfunding has just been announced in the land of the Kiwi’s, but already companies are gearing up to use the innovative methodology of capital formation. Malborough based Renaissance Brewing has recently announced they are prepping to launch a campaign to raise capital with Auckland… Read More

October 21, 2013 @ 12:06 pm By Charles Luzar  |  

Simeon Burnett and Richard Allen are hoping that when equity crowdfunding becomes legal in New Zealand, which is expected in April of next year, that it will result in a snowball effect of successfully funded small businesses. That is the ethos behind their equity crowdfunding… Read More