Equity crowdfunding for proprietary companies

The equity crowdfunding market, which was opened up to retail investors this year, has thrown up a wide range of start-up business investment opportunities. They include a gin distiller, a clothing company, a cinema ticket sales site, a start-up bank,…

Crowdfunder adds debt to the mix

Property crowdfunding company DomaCom has completed its first crowdfunded loan, giving users of its platform the flexibility of raising debt and equity. Newcastle financial planner Shartru Wealth Management used the DomaCom platform to acquire a $1.6 million Melbourne property, with…

Equity investors crowdfund a pub, a banking start-up and an energy retailer

Equity crowdfunding platforms Birchal, Equitise and OnMarket have completed fund raising transactions under the new crowd-soured funding rules, and there are plenty of deals in the pipeline. The Sporting Globe, a pub in Plenty Valley on Melbourne’s outskirts, raised $1.2…

First retail equity crowdfunding deal completed

Start-up bank Xinja has raised $2 million of funding on the Equitise crowdfunding platform, marking the completion of the first retail equity crowdfunding deal under the Government’s new crowd-sourced funding regime. Seventy per cent of investors in the Xinja fund…

Equity crowdfunding extended to proprietary companies

Proprietary companies wanting to access equity crowdfunding will no longer have to convert to public company status. Legislation extending Australia’s crowd-sourced funding regime to proprietary companies has passed the House of Representatives and is expected to pass the Senate. The…

Equity crowdfunding market up and running

Australia’s retail equity crowdfunding market is up and running, after the Australian Securities and Investments Commission announced that it had licensed seven companies to operate as intermediaries under new crowd-sourced funding rules. The seven companies are Equitise, Birchal Financial Services,…

Crowd-sourced equity funding launch date looms

The Government hopes to strike the right balance between consumer protection and financial innovation with its new crowd-sourced equity funding (CSF) regime, which kicks off on September 29. While the new scheme frees small companies from a number of compliance…

The case for investing in early-stage growth companies

Persistently low sharemarket returns and higher volatility are forcing many individual investors to rethink their portfolio strategy. From the end of next month, individuals who are not necessarily “sophisticated investors”, from the regulator’s perspective, will be able to invest up…

Equity crowdfunding market prepares for liftoff

Preparations are underway for the launch of Australia’s new equity crowdfunding regime, which has been designed to facilitate access to capital for small companies. The crowd-sourced funding regime, which kicks off on September 29, reduces the regulatory requirements for eligible…

Crowdfunding a blow for ‘investor democracy’

There are many ways to describe crowdfunding, but the one I like best is “investor democracy”. In whatever form a crowdfunding project takes, it presents an opportunity for people who like an idea but have limited capital to participate. On…