Social Enterprises making the most of Equity Crowdfunding
Equity crowdfunding has been labelled the way of the future for social enterprise, with one community-owned renewable energy retailer raising over $300,000 to expand across Australia. Enova Community Energy’s equity crowdfunding campaign on Crowd88 has raised $348,649 two days before it’s due to wrap up on 4 October. While it has fallen short of its […]
iSignthis completes $10m institutional placement
ASX-listed iSignthis Ltd has today successfully secured an institutional placement of 68,965,517 ordinary shares in the Company to a number of sophisticated and wholesale investors at a price of A$0.145 per share, raising A$10m before costs. The Placement was jointly led and managed by Merchant Corporate Advisory and Petra Capital. The new shares to be […]
Xero backs itself with $413m convertible notes
Cloud-based accounting company Xero has backed itself to continue growing strongly, raising $US300 million ($413 million) in five-year convertible notes with an exercise price 70 per cent above its share price on Thursday. Capital raising via the issue of convertible notes is relatively commonplace among US technology companies – NASDAQ-listed Atlassian raised $US850 million this […]
Brave fintech MoneyMe to test the market
Trying to list a financial services company while a royal commission into banking is going on is not for the faint-hearted, but it does not appear to be preventing small financial technology lender MoneyMe from attempting the move. Moneyme.com.au offers personal loans, cash loans, short-term loans and fast cash advances and is attempting to launch […]
What’s the deal with equity crowdfunding, and should I do it?
What’s changed? The updated legislation passed on September 12, including an amendment from Labor which means it will come into effect in 28 days. Equity crowdfunding will now be available to private companies, but there are still some restrictions. Companies must have less than $25 million in turnover and gross assets, and funds raised will […]
Are ICOs here to stay? Despite plunging crypto prices and faltering companies, blockchain startups stay bullish
It’s official: the more than 80% decline in cryptocurrency prices over the past eight months has officially trumped the dot-com bust of the early 2000s. Back in the year 2000, the Nasdaq Composite Index’s plunge came in at 78% from peak to trough as share prices for tech companies collapsed. Cryptocurrency poster child Ethereum’s crash […]
Step-by-Step Guide: How to Create Your Own Cryptocurrency
Introduction Did you know, there are different forms of money? Not just real and counterfeit. Those categories were relevant in the 20th century. Now we have Cash money, digital money or money that can be accessed through online mediums, and plastic money which refers credit cards and debit cards. But in the last decade, the […]
Crowdfunding reforms bolster investment pool for Aussie businesses
“It’s almost creating Shark Tank for the public, or be your own Shark Tank, which is phenomenal from an innovation perspective in Australia,” says Crowdfunding.com.au founder Chaz Prezident. Private Australian businesses will soon no longer need to become public companies if they want to access crowdfunding to raise equity, following reforms to the Corporations Act […]
