capital raising

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 of the credit cards in their wallets by telling them which cards will earn them the most points. It works by analyzing your transaction history to identify missed rewards opportunities. Last month, for example, I missed $34.01 in rewards, according to Birch. In the last three months, I missed almost $100 worth of rewards. Its […]

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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 Big Start, Billfolda, Birchal Financial Services, Equitise, Global Funding Partners, IQX Investment Services and On-Market Bookbuilds. “ASIC has been assessing applications as a matter of priority, as suitable intermediaries needed to be licensed before fundraising under the new regime could commence,” said ASIC commissioner John Price. “Intermediaries have an important gatekeeper role which will be […]

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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 to take a bigger slice of the local mortgage market after accounting for about 1 per cent last year. Lendi is 40 per cent owned by founders and employees and its big name minority shareholders include Bailador, Macquarie Group and several sophisticated investors. Early investors included CrownBet boss Matthew Tripp. Although it is unclear if […]

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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 crowdfunding platforms. But remember, investing in new companies is highly risky and not something you should be doing with money you cannot afford to lose. The new crowdfunding market works like this. The platform providers will connect investors with companies that want to raise capital and individuals will be able to get exposure for as […]

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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 enables Australian retail investors to contribute as little as $50, or as much as $10,000 in a business. The new licenses follow federal legislation announced last year.   OnMarket will bring investment opportunities through Australian businesses to ordinary Australians through its online platform and app. Investors will be connected to Australian businesses like Revvies, which […]

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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 to invest as little as $250 in Xinja, with a minimum target of $500,000 through Equitise, as a part of the neobank’s current fund raising round ahead of its 2018 product launch.   Equitise co-founder Chris Gilbert said before now, this early stage investment was only available for high net worth investors or venture capitalists. […]

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Jan
05

Why ICOs are the real deal

As bitcoin and the overall cryptocurrency market exploded in 2017, the appetite for ICOs (Initial Coin Offering) has also risen but without the same mainstream attention. At its most basic level, an ICO is a public crowd fundraising alternative to the traditional IPO (Initial Public Offering). ICOs have quickly become the choice of global visionary companies that have an audacious plan and need capital to quickly execute it. While the general consensus is that participating in ICOs should be taken with great care, which I agree with, there are many success stories in Australia and around the world that buck this notion. ICOs differ from IPOs in a number of […]

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Jan
03

Bitcoin futures trading company XBT Investments heads for the ASX

Investors who are unsure of how to buy or manage their own cryptocurrencies will have an easy way to be exposed to the volatile asset class, with the first bitcoin investment company readying to list on the ASX this quarter. The float of XBT Investments, which has a management agreement with BitFunds, will invest in bitcoin futures rather than own the cryptocurrency outright. This enables it to overcome the ASX’s listing rules which do not permit pure cryptocurrency investment companies. The listing comes as bitcoin starts the new year trading lower for the first time since 2015, having fallen from almost $18,000 to less than $17,300. The slide comes on […]

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