Source: medium.com --- Monday, October 02, 2017
The first intake of small businesses trialling Australia’s first equity crowdfunding hope for a financial shot in the arm. Friday 29 September 2017 was a watershed moment for capital raising in Australia. The new crowd-sourced funding regime in Australia, which started on Friday, will: expand the investment universe; change the way small and medium-sized businesses raise capital and interact with investors; and make it easier for Australians to start great businesses, or get involved in them. Birchal was launched as a spin-off platform of Pozible last month after a bill recently passed by the senate to allow unlisted public companies to seek up to $5 million in funds per year from so called ‘mum and dad investors’. Birchal co-founer Alan Crabbe has confirmed that Sample Brew and recent Shark Tank participants Over the Moo and Sleeping Duck are among the first group of small businesses to trial equity crowdfunding in Australia. The platform enables unlisted public companies with annual turnover and gross assets up to $25 million to issue shares to the public, opening up new opportunities for ‘mum and dad’ investors to take equity in small businesses. Investors are limited to no more than $10,000 investment per company each year. Crabbe says the platform will provide a much-needed shot in the arm for small businesses looking to achieve that next level of growth. “Unlike other equity platforms, Birchal provides a company profile and ...
from Australia http://ift.tt/2yku7Mp
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