Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


PledgeMe awarded equity crowdfunding license

PledgeMe awarded equity crowdfunding license


PledgeMe, New Zealand’s first and biggest crowd-funding site, was awarded one of the first equity crowdfunding licences in New Zealand today.


“We’re delighted to be awarded one of the first ever equity crowdfunding licenses in New Zealand,”PledgeMe co-founder and CEO Anna Guenther said.


“We are already New Zealand’s biggest project crowdfunding platform, helping almost 650 Kiwis raise over $2.5 million in the past two years.


“This new license from the Financial Markets Authority allows us to expand the type of crowdfunding we can offer, helping more kiwis fund things they care about. Specifically it means Kiwi entrepreneurs can now raise capital by selling shares in their companies to investors on the PledgeMe platform.”


The passing of the Financial Markets Conduct Act in April allowed equity crowdfunding in New Zealand. PledgeMe has been working with the Financial Markets Authority to gain a license, submitting hundreds of pages of documents over the past few months.


“Equity crowdfunding means companies can now raise capital more easily, transparently, and interactively than making a public offering of shares or running a private seed round through friends,” Ms Guenther said.


“It is also an easy way for anyone to invest in a company they want to become successful. People in the crowd will have the potential for financial returns. Some companies may also offer some cool immediate rewards.


“PledgeMe has been working with a number of companies ready to start equity crowdfunding. We will be launching their campaigns on the 15th of August with a launch party.


“There has been a lot of interest from companies, supporters and potential investors. We will be working with our crowd of 40,000 loyal followers to make sure we are not just helping companies raise money — but also building a community that will help them grow in the future.”


Read Anna’s blog post about being New Zealand’s first licensed equity crowdfunding platform here.


Facts about PledgeMe
Launched: February 2012
Number of users: 40,000
Money raised to date: $2.5m
Number of projects funded: 640

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news