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

 

Neighbourly Founder Launches Centralised Company And Stakeholder Management Hub Orchestra

The Kiwi tech start-up veteran instrumental to the success of Neighbourly and GrabOne, Casey Eden, has come together with leading private equity marketplace, Snowball Effect, to launch Orchestra - a centralised company and stakeholder management platform.

Uniquely positioned as the intersection between private companies, their investors and business advisors, Orchestra’s all-in-one platform provides a completely new way for companies of all sizes to manage a range of compliance tasks. It also offers a user-friendly hub for investors to view and interact with their private investments.

Features include a fully compliant share registry digitally integrated with the NZ Companies Office, as well as services for company compliance, document storage, stakeholder engagement and employee stock ownership plans (ESOP). Orchestra can also integrate with secondary markets, allowing investors to partake in secondary trading events.

In New Zealand alone there are over 630,000 companies, all of whom are legally required to meet certain compliance tasks, including having a share registry. Orchestra provides the ultimate tool to meet these obligations whilst building stronger connections with private investors.

Co-founder and managing director, Casey Eden, says, “There are thousands of Kiwi business owners that aren’t aware of, or know how to manage company compliance requirements and investor correspondence efficiently. We know from experience that investors who are more engaged with their portfolios and receive regular communications usually invest more. Companies that act on this are better placed to take full advantage of the benefits that come with private investment.”

Investors can also use the platform to manage their private company portfolios, track share transactions, as well as easily access and engage with important correspondence or documents from companies on the platform.

As a foundation investor, Shane Bradley believes Orchestra solves the problems that thousands of companies and investors come up against every year.

“Casey and I have worked together for many years and he was instrumental in GrabOne’s and Neighbourly’s success. I know him well, trust him explicitly and it was always my intention to back him in his next venture. As a regular investor into private companies in New Zealand, I’ve experienced first-hand the challenges that come alongside the absence of a comprehensive platform like this. Personally, I’m really excited to be able to use Orchestra to manage my own investment companies.”

In addition to companies and investors, business advisors such as accountants and lawyers are able to use Orchestra to manage their clients’ equity and Companies Office obligations, via the platform’s built-in compliance checks and simplified workflows.

Snowball Effect co-founder and CEO, Simeon Burnett says, “Just like Snowball Effect, Orchestra has been developed to help simplify the world of investing for Kiwi investors and companies alike. We’re looking forward to working together with Casey and the team to continue to introduce New Zealand and other countries to more modern, simple ways of investing.”

With an international market in mind, Orchestra plans to begin expanding within the APAC region by early 2021, and has begun discussions with investors about a future capital raise to support this.

Eden concludes, “We believe that investing in private companies is incredibly beneficial for New Zealand, especially during a time like this. More importantly, we want to give investors the confidence to get involved with our economy in a new, innovative way. We’ve got big plans for Orchestra, so watch this space.”

To learn more, please see the introduction video: https://www.orchestra.co.nz/orchestra-intro.html

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: