How Blockchain crowdfunding could soon kill off the ICO
The words Blockchain and ICO might go together like sausage and mash but there’s a good reason, it generated nearly $8 billion in funds raised in 2018. Impressive but still only a tiny fraction of the global crowdfunding industry and already this year we’re seeing a sharp decline. Whereas in the traditional crowdfunding arena the odds are better, the industry is expected to hit $300 billion by 2025, with over $34 billion raised to date. Besides the staggering money raised, crowdfunding promotes product innovation, provides access to capital to founders, and leads to job creation. However, there are downsides in the industry. It is reported that nearly 78% of all crowdfunding campaigns fail to […]
Five Steps to Being a Confident and Smart Bitcoin Investor
The crypto-economy may seem like a dangerous place with little to no guarantees and many traps one can potentially fall into, but that’s actually not true at all. Everyone can choose what kind of investor they want to be and how much risk they’re willing to accept. In this article, we explain how you can become a confident and smart Bitcoin investor in just a few simple steps to give you an early start on your cryptocurrency journey. To read all about it, please click on the link below… Source: Digital Surge – Five Steps to Being a Confident and Smart Bitcoin Investor
What is micro-investing and is it worth exploring?
Back in the day, if you were looking to save up your spare change, you’d look to the ol’ faithful piggy bank. But, nowadays, as cash is slowly becoming obsolete, some are turning to micro-investing as the modern-day answer to the piggy bank. And with micro-investing apps, not only can you save up your chump change but you can invest it. How does micro-investing work? Micro-investing is about making small and irregular investments from everyday transactions. Micro-investing apps round-up your purchases to invest your spare change. For example, a large cappuccino at $4.50 will be rounded-up to $5 and the 50 cents would then be invested. Depending on how frequently […]
OpenSparkz completes second capital raising, attracts local and Asian investors
OpenSparkz, an Australian fintech which has developed a global platform that removes the need for loyalty cards, offer codes and coupons, today said its second capital raising has closed oversubscribed. The latest seed raising of AUD$1.5 million attracted new regional and local investors alongside further commitments from the founders and original backers. New investors include Louise Daley, the Singapore-based Deputy Chief Executive of Accor Hotels Asia Pacific. Ms Daley will join the OpenSparkz board, which currently includes Andrew Lo, the founder and CEO of Hong Kong-based EFT Payments. “I am excited to be taking up an investment opportunity in such a dynamic player. This is a rapidly evolving industry and […]
Is it time Australian investors bought into the fintech story?
By George Lucas, MD/CEO, Raiz Invest Tell Australian investors that a hole in the ground could prove to be the next El Dorado and they will fall over themselves to push a one-cent share into the stratosphere. But tell them about an exciting high-tech venture that is disrupting the market and you can hear the audible yawns. Raiz Invest’s former parent company, the privately-owned US company Acorns, recently raised $US105 million ($A145million) to continue to fund its operation. The Wall Street Journal reports this gives Acorns a $US860 million ($A1.186 billion) valuation. CNBC reports that Acorns US has more than 4.5 million sign-ups, 2.1 million investment accounts and circa $US1.2 […]
First Growth Funds to emerge as force in crypto and digital assets investment
Diversified investment company, First Growth Funds (ASX:FGF), generated $160,584 in new income in the December quarter, with over half of new revenue generated from fees. The make up of new revenue breaks down as $86,000 in fees, $26,000 in dividends and interest and the balance in trading revenue. The numbers are indicative of First Growth Funds’ steady growth, along with its strict fiscal policy and its cryptocurrency and digital asset investment strategy. FGF invests across a broad range of asset classes and industry verticals, and is the only ASX-listed company that invests in the crypto and digital assets sector. The company leads the field in Australia with regard to crypto […]
Crowdfunding success for Australian brewers
Gold Coast brewery Black Hops has hit its fundraising target of $400,000 just six days after opening its offer to the public. Matt Vitale from equity crowdfunding platform Birchal said he was delighted with the result. “Black Hops offer was fully subscribed last night, reaching its maximum target in just six days,” Vitale said. “We are thrilled with the result, as is the Black Hops team.” The $400,000 is earmarked for finishing Black Hops’ second brewery and taproom located 30 minutes north of its current site in Burleigh Heads. Investors could invest for as little as $50 to receive ordinary shares in the company. Depending on the value of their […]
Collection House acquires $8.5m stake in Volt Bank
A pathway set up by regulators to incentivise new entrants in the banking sector is starting to gather momentum, with Volt Bank receiving an $8.5 million investment from listed company Collection House (ASX: CLH). The Australian Prudential Regulation Authority (APRA) yesterday granted Volt a licence to operate as an authorised deposit-taking institution (ADI) without restrictions, as part of a framework set up in May 2018 to assist small firms with limited financial resources. At the time, APRA chairman Wayne Byrnes said making it easier for aspiring ADIs to enter the market would help enhance competition and potentially innovate new business models, while the scheme would also maintain safety and stability […]
