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Feb
13
Big lending fall shows businesses need to investigate crowdfunding options
A significant drop in lending activity during December has illustrated the need for business owners to investigate other ways raise growth funds, including crowdfunding, according to a major Australian crowdfunding platform. According to Australian Bureau of Statistics (ABS) figures which were released today, the value of lending commitments to businesses fell by 9.7 per cent […]
Feb
12
Fintechs received almost half of $1 billion in startup funding from last quarter
The quarter ending December 2018 saw Australian fintechs receive $508 million in funding. A new report of funding for Australia’s startups and young tech companies by Techboard has found that these companies received an impressive $1.066 billion in funding in the quarter ending December 2018. While this was a small reduction from the $1.085 billion […]
Jan
29
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 […]
Jan
15
Xinja launches second equity crowdfunding campaign on Equitise platform
Pioneer Australian neobank Xinja today gives everyday Australians another chance to join the digital banking revolution by purchasing shares through leading equity crowdfunding platform Equitise. The raise – opened early to existing investors, customers and people who had registered interest – has passed the minimum of $500,000 in less than 9 hours. Xinja, a digital […]
Dec
03
Xinja to launch second equity crowdfunding
Xinja, which is building a 100% digital bank or ‘neobank’ designed for mobile, is inviting potential investors to register their interest in its second equity crowdfunding, which will get underway early in 2019. The offer, through Equitise (with whom they partnered for the first round), is targeting a raise between $500,000 and $5 million. Shares […]
Dec
03
Nod closes $2m funding round to support platform growth
The multi-award-winning artificial intelligence platform, known simply as Nod, has confirmed it has successfully closed its over-subscribed pre-Series A round of AUD$2m. Nod was recently awarded a coveted spot on the KPMG H2 Ventures Fintech100 and has developed a patent pending algorithm that utilises artificial intelligence to create real-time Statements of Advice for Financial Advisers […]
Nov
09
Equity Crowdfunding: A Fintech Story
by Steve Kourabas* Digital Revolution The period following the global financial crisis of 2008 has brought with it massive changes to the digital economy. Almost every human interaction, and almost every organisation, has been impacted by the technology boom, which has brought with it new opportunities for innovation and dynamism. Developments in the area […]
Nov
08
Managed accounts provider enters crowdfunding
ASIC has granted a variation to the AFSL of a managed accounts provider, allowing it to provide an equity crowdfunding service. BIR Financial told shareholders that its securities trading and corporate advisory business, Pulse Markets, was recently granted permission to begin an equity crowdfunding service. Pulse Markets currently offers several model portfolios to clients as […]