Based on information contained within the Crowd Sourced Funding Intermediaries’ websites we have prepared the following scorecard as at 19 June 2019:
Link to Crowd Sourced Funding Equity Raising Intermediary’s Scorecard
Sample of business activities of companies which have raised capital include:
100% digital bank
All-female rideshare company
Craft beer manufacturers
Companies need to have their “House in Order” - Andrew Geddes Chair of Greencross Ltd for 11 years (former ASX top 200 company) and a consultant to the Australian Accounting Industry for the last 30 years.
“To raise capital SMEs have to go through all the disciplines of getting their “house in order” before investors will even consider supporting them, and in many ways that is a...
Crowd Sourced Funding Equity Raising is not the same as “Crowdfunding”.
Crowd Sourced Funding Equity Raising is governed by the Australian Government’s “Corporations Act” which specifies strict legal requirements for the company to abide by.
The company has to appoint an Intermediary from the businesses which have been appointed Crowd Sourced Funding Intermediaries by ASIC....
When the then Australian Prime Minister, Malcolm Turnbull announced the Coalition Government’s Innovation Policy in December 2015 he indicated that two new types of corporate entities would be established.
These entities were:
Early Stage Innovation Company which required amendments to be made to the Income Tax Act
Crowd Sourced Funding Equity Raising which required amendments to be made...
Crowd Sourced Funding Equity Raising represents the biggest improvement in business financing for small businesses and medium sized enterprises in the last 35 years!
Australia is playing catch up – Crowd Sourced Funding Equity Raising is already proven in overseas countries
United States of America
have had Crowd Sourced Funding Equity...
In the Beginning……….
The original amendments to the Corporations Act required a Crowd Sourced Funding Equity Raising Company to be an unlisted public company.
The legislation was changed from 19 October 2018 to enable “propriety limited companies” as well as “unlisted public companies” that meet the eligibility requirements to be able to raise capital direct from the...
Former public company director, Andrew Geddes, is hopeful the recent $3-million capital-raise by the women’s ride-sharing company, Shebah, will encourage more female-owned companies to begin using Crowd Sourced Funding Equity Raising for their growth capital.
Mr Geddes, the former Chair of Greencross Limited, believes Crowd Sourced Funding is likely to become the preferred way for the small...
Are you missing out on the capital on which your successful small or medium sized business needs to grow?
There’s no real reason you should be, if you run a SME that meets the requirements for an all-new capital-raising process.
Crowd Sourced Funding Equity Raising (CSF) has seen a rapid uptake amongst those companies, who have been first to market, since the process was legalized for small...
Sounds great doesn’t it? Would you like to be in this position?
Already in Australia over $23.1 million has been raised by 27 companies since Crowd Sourced Funding Equity Raising was given the “green light” just 4 months ago.
This change represents the biggest change in business finance for small and medium-sized businesses in the last 35 years.
Crowd Sourced Funding Equity...
So, you want to grow your business.
What is it they say?
If you’re standing still while others around you are moving forward, then you’re sliding backwards.
Everything is relative and that applies to the growth of small and medium-sized businesses as well.
If you’re planning to buy out a competitor to grow your market share, or you want to build that new factory or warehouse, you’ve...
Holidays at the beach in January.
Starts you thinking, doesn’t it?
You look in the mirror and you say to yourself “wouldn’t it be great to be able to relax like this all day, every day?”
After all, you’ve put in 30 or so years of hard work.
So, you start thinking about retirement, but, you own and operate a small or medium-sized business.
That business has been good to you, but...
How often do you have people telling you how lucky you are that you own your own business?
If only they knew the half of it!
Most small and medium sized businesses these days are heavily supported by bank loans or overdrafts.
Then, there are always those times, when being in business feels like you’re living inside a pressure cooker.
You know what it’s like.
Customers put the squeeze...
A recent report by the Australian government’s Small Business Ombudsman, Kate Carnell, indicated that more than 25% of small and medium enterprise loans are being funded by the parents of small and medium enterprise owners.
The “Bank of Mum and Dad” is being forced to fund a significant amount of the loans to small and medium enterprises because of the credit crunch which has been...
Are you a naturally sceptical person?
Most of us are a little, I guess, especially when we hear about new ideas involving access to money.
Well, Crowd Sourced Funding Equity Raising isn’t a scam or a ‘get rich quick’ scheme, and it’s not ‘crowdfunding’ that we hear so much about on social media.
'Crowdfunding' is when people are asked to donate money to a worthy cause, like a...
Doesn’t it really‘frost your cookies’ that medium-sized business always seems to get left out of the most important decisions?
Well, as it turns out, the sector has finally scored a big win!
Many medium-sized companies will be perfect candidates for a concept that’s going to revolutionise capital raising for Australian business and it’s already underway.
This is not a...
Every so often, a new concept comes along that completely revolutionises the way we do things in small/medium enterprise businesses.
This... is one of those times.
As of now, Crowd Sourced Funding Equity Raising for Small Proprietary Companies (group turnover under $25 million per annum, group gross asset value under $25 million, not listed on a stock exchange anywhere in the world) is legal...