Equity Crowdfunding

Oct
03

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 […]

By Reposted by Australian FinTech | FinTech . Investing
DETAIL
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
DETAIL
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 […]

By Reposted by Australian FinTech | FinTech . Investing
DETAIL