PrimaryMarkets offers liquidity for local unicorns
As the ASX continues to face heat for hosting some questionable tech IPOs, one Australian firm is looking to capitalise by encouraging local companies to stay private for longer. PrimaryMarkets is a platform for delivering liquidity to unlisted securities and investments, matching buyers and sellers in a secure, tightly controlled environment. It specialises in assets […]
Fintech and Property: What You Need to Know
Using Fintech in the property industry Australians embrace technology in everyday life and they expect it to be part of everything they do. For the last three years, Fintech has been one of the fastest growing industries in Australia, with the number of registered companies growing from around 100 in 2015 to 600 in 2018. […]
Crowdfund laws delayed, again
Legislation extending equity crowdfunding to private companies has been delayed again despite enjoying bipartisan support, meaning the new regime won’t come into effect until at least September, a year after the bill was first introduced to Parliament. The amendments to the Corporations Act allowing private Australian companies to undertake an equity crowdfunding round were passed […]
Equitise finalises Australia’s first equity crowdfunding with Xinja raising more than $2 million
Equitise is finalising Australia’s first equity crowdfunding offer, with aspiring neobank Xinja raising more than $2 million as it prepares to launch products designed to transform the banking experience for Australians. One-in-four investors have committed the minimum $250 for Xinja’s crowdfunding raise. Almost 7-in-10 have committed less than $1000, highlighting the accessibility of equity crowdfunding […]
Australia’s first equity crowdfunding deal closes successfully
Equity crowdfunding platform OnMarket has successfully closed Australia’s first equity crowdfunding offer. Revvies Energy Strips Limited (Revvies) has become the first company in Australia to raise capital by utilising the government’s new equity crowdfunding legislation. Equity crowdfunding is the new way for everyday investors, mums and dads, and the millennial generation to invest in early-stage […]
Aussie blockchain company Power Ledger is consulting with the ATO to shape how ICO proceeds are taxed
Australian crypto sector darling Power Ledger has revealed it’s in consultation with the Australian Taxation Office (ATO) to develop a proposition on how initial coin offerings (ICOs) should be treated in Australia. Power Ledger, which completed a $34 million ICO in October last year, has long been an advocate for heightened transparency and caution around […]
Scale Investors and VentureCrowd introduce new female board members
Female-focused angel investor network, Scale Investors today announced a strategic partnership with alternative assets crowdfunding platform VentureCrowd, as well as the appointment of three new members to the Scale Investors board – Catherine Robson, Judith Smith and Lynda Coker who have joined the board, effective from 1 March. The Scale Investors and VentureCrowd collaboration has […]
Broker raises money through crowdfunding
Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the […]
