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Jan
24
Equity crowdfunding plugs the bank gap for Revvies Energy Strips
Revvies Energy Strips is one of the first cabs off the rank to try the new equity crowdfunding rules. The rules allow public companies – which are not necessarily listed companies, although they can be – to raise money. Equity crowdfunding also allows many small investors to take an interest in an early stage investment. […]
Jan
23
Australia’s first neobank, Xinja, raises more than $1 million via equity crowdfunding
Xinja, which is building the first independent, Australian 100% digital neobank designed for mobile, has raised over $1 million, a week after opening the nation’s first retail equity crowdfunding campaign through Equitise, the crowdfunding platform. “The investor response has been incredible,” said Xinja CEO and founder Eric Wilson. “We’ve seen extraordinary support from more […]
Jan
22
Birch raises $1 million to help you reap the best credit card rewards
Birch Finance, a TechCrunch Disrupt 2016 Battlefield alum, has raised a $1 million seed round from AGP Miami, Kevin Johnson, the former CEO of Ebates and Frank Azor, founder of Alienware. The plan is to grow Birch Finance’s user base and increase its opportunities for monetization. Birch Finance aims to help people make the most […]
Jan
17
First crowdfund licences granted
Even though the Australian government failed to pass amendments to the equity crowd source funding (CSF) regime before the end of last year, the Australian Securities and Investments Commission (ASIC) has granted seven companies licences to allow them to act as CSF intermediaries under the regime. The first batch of licences has been issued to […]
Jan
16
Lendi taps investors in fresh capital raising call
Online mortgage broker Lendi, which is backed by investors including Macquarie Group, has completed its latest round of capital raising. Street Talk understands Lendi last month ruled off a $25 million capital raise which was oversubscribed and supported by some existing shareholders, sophisticated investors and a number of blue-chip Australian institutions. The company is seeking […]
Jan
15
Launch of new crowdfunding investments
If you feel you missed the cryptocurrency boom, never fear. One of Australia’s financial watchdogs may have just handed you the possibility of picking another winner. The Australian Securities and Investments Commission (ASIC) has launched the crowdfunding market for investing in new companies with the announcement of the licensing of seven companies authorised to provide […]
Jan
12
Milestone for equity crowdfunding in Australian with ASIC licence approval
OnMarket will be one of the first businesses in Australia to raise capital this year through ‘the crowd’, following the Australian Securities and Investments Commission’s approval of its equity crowdfunding licence. Equity crowdfunding brings entrepreneurs and retail investors together for the first time and is only now possible following today’s licence approval. Equity crowdfunding […]
Jan
12
Equitise launches Australia’s first Equity Crowdfunding with Neobank Xinja
Australians will be able to invest as little as $50 in emerging startups and small businesses with the launch of Equitise’s new equity crowdfunding offering. Equitise has secured Australia’s first retail equity crowdfunding licence through ASIC, with neobank Xinja becoming the first company to raise capital from the public. Investors will be able […]
