The peak body for Australia’s fintech industry has urged Federal Parliament to prioritise a ‘vital new source of funds’ for SMEs by expediting the approval and implementation of private company equity crowdfunding legislation introduced in September 2017. According to FinTech Australia chair Stuart Stoyan, the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 has […]
Seven companies have become the nation’s first crowd-sourced funding (CSF) intermediaries after receiving Australian Financial Services (AFS) licenses from the Australian Securities and Investments Commission (ASIC). Under the CSF framework, which commenced in September 2017, Big Start, Billfolda, Birchal Financial Services, Equitise, Global Funding Partners, IQX Investment Services and On-Market Bookbuilds have been authorised to […]
Changes made to the draft crowdfunding legislation, which will allow private companies to crowdfund equity, will protect investors while reducing costs and red tape for companies, according to advocacy group FinTech Australia The draft crowdfunding legislation was introduced into the Australian Parliament by Treasurer Scott Morrison, yesterday. FinTech Australia expects the legislation to provide a new fund-raising […]
Melbourne-based audio tech startup nura made headlines, last year, when its flagship product – ‘nuraphones’ – attracted US$1.8 million on Kickstarter, making it the most-funded Australian campaign ever. Since then, the company has continued to gather pre-launch support for their headphones, described by one investor – UK music industry veteran Ric Salmon – as a […]
Fed up with conservative investment professionals leaving a trail of broken dreams, a trio from South Australia has launched an online platform to help would-be start-up founders and other entrepreneurs nurture their ideas. Co-founded by Kalif Auditore (CEO), Nick Boniciolli (COO) and Joshua White (CTO), Joey Crowd is being billed as the world’s first crowdfunding […]
If you have a great product or business idea, an option for raising funds to take it to the next level, or to go into production, is crowdfunding. This will involve driving people to the campaign portal. Traditional media can help you in this respect. If you are a start-up founder or entrepreneur and you […]
The government has released a consultation paper on extending crowd-sourced equity funding (CSEF) to small proprietary companies. The consultation is part of the $5.5 billion Growing Jobs and Small Business package outlined in the 2015-16 Budget. The paper sets out the Government’s intended approach to a CSEF framework for public companies and seeks views on […]
Four female social entrepreneurs will pitch their ideas at the Pitch for Good event in Melbourne on the 23rd July for the chance to win $3000 in support of their campaign. Councillor Kevin Louey, Chair of Council’s Economic Development portfolio said “a social enterprise is a business that uses the power of the market place […]
SMEs struggling to obtain finance are the biggest victims of the Government’s restrictions, the ACCI explains in their submission to the Productivity Commission’s Inquiry Into Business Set-up, Transfer and Closure.
Crowdsourcing design platform DesignCrowd has announced it has raised another $6 million in capital, led by new Australian venture capital firm AirTree Ventures.
