Tagged: new zealand

New Zealand-Based Medicinal Cannabis Company Phytotecnia raises over $300,000 Days After Launching Crowdfunding Campaign on PledgeMe

Phytotecnia, a New Zealnd-based medicinal cannabis company, launched its equity crowdfunding campaign publicly through PledgeMe on Monday. The investment raised more than $300,000 privately days prior to the launch.  Founded in 2019, Phytotecnia was created by Irene López-Ubiria and Álvaro Vidiella-Salaberry, who were also part… Read More

COVID-19 Vaccine Firm Raises Over NZ $1.5 Million in One Hour on PledgeMe

PledgeMe is reporting that over NZ $1.5 million was raised for Covid-19 Vaccine Corporation Limited (CVC) in less than an hour of the securities offering being live on the platform. It appears that the investment was filled from a single individual, according to the offering… Read More

New Zealand’s Financial Markets Authority Hires Specialists for Fintech and Environmental, Social, Corporate Governance Projects

New Zealand’s Financial Markets Authority (FMA) has hired two specialists who are focused on helping the regulator with managing and overseeing Fintech and environmental, social and corporate governance (ESG) projects. Binu Paul, a Fintech entrepreneur, will be serving as Specialist Lead, Fintech. He’ll be reporting… Read More

Following Series A Funding Success, U.S. Fintech Payrix Announces Australia & New Zealand Expansion; Completes Acquisition of

U.S. fintech Payrix announced on Wednesday it is set to expand its services in Australia and New Zealand, as well as completed its acquisition of Brisbane-based payment service provider, IntegraPay. The expansion efforts come just days after Payrix announced it secured $50 million through its… Read More

Aussie Fintech Credit Clear Reportedly Asked Investors to Value it 6x its Historical Revenue for its Planned IPO

Australia-based Fintech firm Credit Clear has reportedly asked investors to value it at around 6x its historical revenue for its planned or upcoming initial public offering (IPO). Bell Potter, the firm’s broker, shared the new terms with clients on August 25, 2020. As first reported… Read More

Australian Stock Exchange listed Fintech 9Spokes Reportedly Seeking $10 Million to Grow Customer Base for its Software as a Service Platform

Australian Stock Exchange (ASX) listed Fintech firm 9Spokes International (ASX:9SP) is reportedly planning to secure new investments. 9Spokes aims to use the funds to grow its customer base,  by providing various software-as-a-service (SaaS) solutions.. The Fintech company announced its fundraising plans on August 26, 2020…. Read More

Medical Kiwi, a Medical Cannabis Startup, Raises $400,000 First Day on PledgeMe

Medical Kiwi, a medical Cannabis firm, quickly raised almost NZ $400,000 on its first day on New Zealand investment crowdfunding platform PledgeMe. According to the offering page, Medical Kiwi has raised just shy of $400,000 from 176 individual investors. The offering is seeking a minimum… Read More

New Zealand’s Fintech Sector is Well Placed to Support Consumers with Managing their Finances, Industry Professional Claims

James Fuller, CEO and co-founder at Hnry, a New Zealand based online freelance accountancy company, claims that his firm has seen a significant increase in the number of new customers following the COVID-19 outbreak. In an interview with Channel Life, Fuller notes that since the… Read More

New Zealand: PledgeMe Reports First Dividends Paid from Crowdfunded Issuer

PledgeMe, an investment crowdfunding platform operating in New Zealand, is reporting the first dividends paid from a crowdfunded securities offer. According to PledgeMe, Wellington-based payroll intermediary company, Thankyou Payroll, announced their first dividend payment at their AGM last night. “We understand that we’re not only… Read More

Brave New Coin to Develop Cryptocurrency Indices that Toronto Futures Options Swaps Exchange will Use for Cash-Settled Options Trading

Brave New Coin, a crypto-asset trading, research, and data firm, has agreed to a multi-year partnership with Toronto Futures Options Swaps Exchange or tFOSE, a derivatives exchange and clearinghouse that’s in the process of obtaining regulatory approval in Canada. Brave New Coin will be designing,… Read More

Netherlands’ Digital Banking Solution Provider Backbase to Establish New Offices in Melbourne and Sydney

Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More

New Zealand’s Fintech Zeeco Partners with Salt Edge, an Open Banking Solution Provider, to Access Users’ Bank Data and Automate Eco-contributions

New Zealand-based Fintech firm Zeeco has partnered with Salt Edge, a company that provides Open Banking solutions, in order to access users’ financial data and automate certain eco-contributions. As mentioned in a blog post published on Salt Edge’s official website: “With [rising] awareness [about] the… Read More

New Zealand Financial Markets Authority Adds Karatbar International GmbH, Karabit Foundation, & Associated Companies to Warning List

The New Zealand Financial Markets Authority announced earlier this week it has added Karatbar International GmbH, Karabit Foundation, and Associated Companies to its warning list. As previously reported, Karatbars International GmbH is a German company that has been promoting a digital currency, called KaratGold Coin,… Read More

Hit by Unexpected COVID-19 Pandemic Fashion Brand Ingrid Starnes Looks to Raise Capital Online

The global pandemic has been a total shock to the world. The COVID-19 crisis has devastated many businesses around the world. In New Zealand, popular fashion retailer Ingrid Starnes was planning a significant expansion of its business. Late last year, the company signed a lease… Read More

New Zealand: Snowball Effect Launches New Debt Product

Snowball Effect, a leading investment crowdfunding platform in New Zealand, is launching new debt products as it expands it services to firms looking to move beyond equity capital. Since platform launch, Snowball Effect has helped Kiwi businesses raise over $70 million. By providing online capital… Read More

New Zealand’s Financial Markets Authority Warns Public of Potential “Profit Bitcoin” Scam

New Zealand’s Financial Markets Authority (FMA) announced on Monday it has concerns about the website “Profit Bitcoin” has the hallmarks of being a scam. The organization revealed it was made aware that the digital currency platform is advertising on Facebook by promoting false news about… Read More

Trend: Harmoney Winds Down Peer to Peer Lending Platform to “Free Up Resources”

Harmoney a leading online lender operating in New Zealand is winding down its peer to peer lending business. This means retail investors will no longer be able to invest in loans originated on the platform. The news was revealed earlier this month in a blog… Read More

Reserve Bank of New Zealand Introduces Real-Time Financial Market Infrastructures for Customers in Asia Pacific (APAC) Region

The Reserve Bank of New Zealand, or RBNZ, the nation’s central bank, has introduced real-time financial market infrastructures for its customers in the Asia-Pacific (APAC) region. The solutions have been developed by SIA, an Italian technology company. The solutions include a real-time gross settlement (RTGS)… Read More

PledgeMe Announces New CEO

Investment crowdfunding platform PledgeMe has announced a new CEO. The platform revealed its intent to select a new Chief Executive in a blog post last September. The platform was founded by Anna Guenther in 2012 and remains the only female-led crowdfunding operating in New Zealand… Read More

SME Platform Xero Integrates Payment Tech Firm Square’s Software in Australia to Enable Instant Payments for Business Invoices

Small and medium-sized enterprise (SME) platform Xero has reportedly made a new technology integration with Square’s software in Australia, in order to allow users to make instant payments of small-business invoices. The new feature will allow small and medium-sized businesses (SMBs) using Square’s platform to… Read More

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