Tagged: new zealand

February 21, 2017 @ 8:03 am By Erin Hobey  |  

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

February 13, 2017 @ 4:02 pm By JD Alois  |  

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

February 6, 2017 @ 4:50 pm By Samantha Hurst  |  

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

February 3, 2017 @ 4:32 pm By Samantha Hurst  |  

New Zealand Tech Industry Association, along with Ministry of Business, Innovation, and Employment, has teamed up with several New Zealand financial businesses to launch a new fintech organization called FinTechNZ. According to the New Zealand Tech Industry Association, FinTechNZ will bring together innovative companies in the financial services… Read More

February 3, 2017 @ 12:29 am By Jessica Pham  |  

Latipay is an online payments service between China and New Zealand, and it has raised $3 million in Series A funding from Jubilee Capital Management, a Singaporean VC firm.  New Zealand VC firms Tuhua Fund and Zino Fund also participated, according to e27. The company intends to… Read More

January 30, 2017 @ 3:03 pm By Samantha Hurst  |  

European-based lending platform Spotcap announced on Monday the launch of its New Zealand operations in Auckland. The lender also revealed it formed a partnership with Heartland, the bank that is providing Spotcap’s Australian operations with A$20million of funding. Speaking about the expansion, Lachlan Heussler, Managing Director of Spotcap Australia… Read More

December 31, 2016 @ 12:43 pm By Samantha Hurst  |  

New Plymouth restaurant, Sushi Ninja, recently closed its equity crowdfunding campaign on PledgeMe. The company was seeking $150,000 for its new Kaizen sushi convey-belt style diner at Centre City shopping center. The initiative was successful and raised $250,000 from 32 investors. As previously reported, wife/husband co-owners… Read More

December 14, 2016 @ 3:43 pm By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, has officially closed its crowdlending campaign, which raised nearly $369,001 from 161 investors, on PledgeMe. Denheath Desserts currently produces 10,000 custard squares per day from its Timaru factor.  The company’s previously revealed “From a small sleepy family-owned cafe to an iconic… Read More

December 5, 2016 @ 11:25 am By JD Alois  |  

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More

December 5, 2016 @ 9:00 am By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, has successfully secured its initial $300,000 funding target through its crowdlending campaign on PledgeMe. The company launched the initiative in late October, seeking a max of $1.2 million to accelerate its self-proclaimed “World Custard Invasion,” grow distribution in New… Read More

December 2, 2016 @ 9:14 am By Samantha Hurst  |  

Sushi Ninja, a New Plymouth-based restaurant, has launched an equity crowdfunding campaign on PledgeMe with a mission to raise a minimum of $150,000 (max $250,000) for the fit-out of its new kaiten sushi conveyor-belt style diner at Centre City shopping center. Wife/husband co-owners of Sushi Ninja,… Read More

November 22, 2016 @ 10:05 am By Samantha Hurst  |  

On Tuesday, Southern Cross Financial Group announced it has received its peer-to-peer license from the New Zealand Financial Markets Authority (FMA). The company, which was established in 1997, provides funding for property secured loans in locations through New Zealand. Sharing details about the lender, CEO of Southern… Read More

November 9, 2016 @ 11:16 am By JD Alois  |  

Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More

November 4, 2016 @ 1:26 pm By Samantha Hurst  |  

New Zealand crowdfunding platform AlphaCrowd announced on Friday it has secured $800,000 for a new investor in China. The website revealed it received $380,000 from Beijing-based Fang Liu and is expected to receive the additional $420,000 after Lai is granted a work visa from New… Read More

October 31, 2016 @ 8:24 am By Samantha Hurst  |  

Denheath Desserts, a custard square brand from South Canterbury, launched its crowdlending campaign on PledgeMe on Monday. The company is seeking a minimum of $300,000 (max $1.2 million) to accelerate its self-proclaimed “World Custard Invasion,”  grow distribution and New Zealand, and start expansion plans in Hong Kong, Singapore, and… Read More

October 14, 2016 @ 12:57 pm By JD Alois  |  

H2Ocean, the Fintech fund that expected to list shares on the ASX, has pushed pause in its public float as funding fell short of goal.  In a letter to prospective investors, Ben and Toby Heap, creators of H2Ocean, explained their challenge; “As you may know,… Read More

October 14, 2016 @ 11:40 am By Samantha Hurst  |  

This week, Kiwibank, along with its partner Creative HQ, announced they have teamed up with Simmonds Stewart, which will reportedly act as legal counsel for Kiwibank’s new fintech accelerator program. As previously reported, Kiwibank announced the launch of its new fintech accelerator in New Zealand…. Read More

October 4, 2016 @ 5:34 am By Erin Hobey  |  

Auckland-based celebrity chef Robert Oliver launched a PledgeMe campaign to equity crowdfund his Pacific-styled fine dining restaurant in Auckland. KP Auckland Limited is seeking to raise between $450,000 and $600,000 which represents 42.9%–50% of the company. Shares are $1 each with a minimum investment of $500…. Read More

September 30, 2016 @ 4:18 pm By Samantha Hurst  |  

On Thursday, New Zealand-based crowdfunding platform PledgeMe announced it was hitting the road again for a new North Island tour. This past spring, the funding portal conducted a “Tour de South Island” to share with orders the concept of equity crowdfunding. The PledgeMe team revealed:… Read More

September 16, 2016 @ 8:10 am By JD Alois  |  

Snowball Effect, the leading equity crowdfunding platform in New Zealand, is celebrating 2 years of operation in the Kiwi nation. In recognition of their anniversary and platform growth, Snowball Effect has shared some platform highlights along with a deck (embedded below). New Zealand, in many… Read More