equity funding

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
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Oct
01

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 […]

By Australian FinTech | ASX . FinTech . Investing
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Sep
28

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 […]

By Reposted by Australian FinTech | FinTech . Investing
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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
11

Arctic Intelligence reels in $2.8m to fuel global expansion

Arctic Intelligence, a provider of cloud-based audit, risk and compliance platforms, has raised $2.8m in fresh funding. The capital came from high-profile angel investors, comprising of experienced leaders in their field and includes entrepreneurs, career bankers, professional investors, venture capitalists and two ex-CEOs from publicly listed companies. It will allow the RegTech to fast-track its […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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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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