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


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news