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

 

Statistics: Net Annual Migration Passes 71,000

A record 71,300 more migrants arrived in New Zealand than left in the January 2017 year, Statistics New Zealand said today. This surpassed the previous annual record set in December 2016. More>>

ALSO:

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news