crowd funding

Sep
18

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 […]

By Reposted by Australian FinTech | FinTech . Investing
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Sep
17

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 […]

By Reposted by Australian FinTech | FinTech . Investing
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Sep
14

Equity crowdfunding extended to private companies

Businesses wishing to raise money from retail investors will no longer have to convert to an unlisted public company structure, after an amendment to 2017’s equity crowdfunding legislation passed federal Parliament. The legislation, which takes effect in 28 days from Wednesday, allows proprietary companies or unlisted public companies with annual turnover or gross assets of up […]

By Reposted by Australian FinTech | FinTech . Investing
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Sep
10

Brutal honesty and collaboration: Life after an equity crowdfund raise

Manrags co-founder Michael Elias has spent the past week preparing to welcome 177 investors on board his business. The Melbourne-based underwear subscription business, which Elias founded with his wife Tina, successfully raised $363,000 two weeks ago through an equity crowdfunding campaign. The raise elevates Manrags into a small cohort of businesses that have successfully closed […]

By Reposted by Australian FinTech | FinTech . Investing
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Aug
29

ASX-listed crowdfunding platform CoAssets hits full profitable year, gaining US$1.32M

Singapore-based ASX-listed company CoAssets, a crowdfunding platform for real-estate and small and medium businesses, has hit its first full profitable year, bringing in S$1.81 million (US$1.32 million) in positive gains — a significant improvement from 2017, when it made a loss of S$6.36 million (US$4.65 million). These results were displayed in an annual report CoAssets filed for […]

By Reposted by Australian FinTech | ASX . FinTech . Investing
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Jul
27

Crowdfunding platform CoAssets offers SME lending fund for accredited investors

AUSTRALIA-LISTED crowdfunding platform CoAssets on Thursday launched the CoAssets Stirling Fort Absolute Return Fund, which will undertake collateralised lending. The fund gives accredited investors a way to invest in the regional SME (small and medium-sized enterprises) lending space. It will engage mainly in SME bridging loans, with loan tenures generally less than 12 months, CoAssets […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending
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Jul
19

Small and mighty: Meet the challenger banks nipping at the heels of the big four

A slew of challenger banks are poised to burst onto the Australian finance scene, in a bid to take on the big four, and change the way that Aussies think about banking. Typically offering cloud-based banking services without a bricks-and-mortar branch in sight, these so-called ‘neobanks’ say they will provide a more personal banking service, […]

By Reposted by Australian FinTech | Banking . FinTech
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Jul
19

Joust taps new Australian crowdfunding rules in bid to raise $2 million

Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Mortgage
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