Category Archives: Crowd Funding
How to buy and sell shares – Moneysmart.gov.au
The most common way to buy and sell shares is by using an online broking service or a full service broker.
When shares are first put on the market, you can buy them via a prospectus. You can also buy through an employee share scheme, or invest indirectly through a managed fund.
Buying shares (stocks, securities or equities) makes you a part-owner of a company. As a shareholder, you can get dividends and other benefits.
You can own shares yourself, or pool your money with others through a managed fund (a collective investment).
If you're new to shares, visit the Australian Securities Exchange (ASX) education centre for information and online seminars.
You can choose to use an online broking service or a full service broker.
Use the Australian Securities Exchange (ASX) find a stockbroker tool to locate a broker that suits your needs.
Initial public offerings (IPO)toggle accordian row
Companies may offer new shares to the market as a way of raising capital. This is called a 'float' or an 'initial public offering' (IPO).
To decide whether to invest in an IPO, read the prospectus. A prospectus contains details about the company and the float. It tells you:
A prospectus must be lodged with ASIC. To check this, see ASIC's OFFERlist database.
Things to look for in a prospectus:
If there's anything in the prospectus you don't understand or are unsure about, talk to a broker or financial adviser before you invest.
Crowd-sourced funding (CSF) enables start-ups and small to medium-sized companies to raise public money to finance their business. This is also known as 'equity crowd funding' or 'crowd-sourced funding of shares'.
Crowd-sourced funding of shares is not the same as:
Employee share schemestoggle accordian row
You may get shares, or the opportunity to buy shares, via an employee share scheme at your workplace. You could get a discount on the market price, and may not have to pay a brokerage fee. Check if there are restrictions on when you can buy, sell or access the shares.
Managed fundtoggle accordian row
When you invest in a managed fund, you buy fund 'units' and pool your money with other investors. A professional fund manager buys a range of shares and other assets on your behalf, diversifying and reducing risk.
This is a convenient way to buy shares, as someone else makes the buy and sell decisions. Depending on the type of fund you choose, fees may be higher than on other indirect investments.
Exchange traded fund (ETF)toggle accordian row
An exchange traded fund (ETF) invests in a group of shares that make up an index, such as the S&P/ASX 200. An ETF allows you to diversify your portfolio without having a lot of money to invest.
You can buy or sell ETFs just like any other share. ETFs generally have lower ongoing fees than managed funds. But if you want to invest small amounts regularly, youll pay a broking fee on each contribution.
Listed investment company (LIC)toggle accordian row
A listed investment company (LIC) uses money from investors to invest in a range of companies and other assets. It pays dividends from earnings.
LICs generally have lower ongoing fees than managed funds. They may not suit you if you want to invest small amounts regularly, as you pay a broking fee on each contribution.
CHESS Depositary Interest (CDI)toggle accordian row
A CHESS Depositary Interest (CDI) allows shares of a foreign company to be traded on Australian markets, such as the ASX.
When you buy a CDI, you get the financial benefit of investing in a foreign company. But the product title is held by a depositary nominee company on your behalf. Generally, you get the same benefits as other shareholders, such as dividends or participation in share offers. Usually, you cannot vote at company meetings, but can direct the depositary nominee to vote on your behalf.
To find out more, see the ASX publication Understanding CHESS Depositary Interests.
Limit ordertoggle accordian row
Used when you want to buy or sell your shares at a specific price, or better. If buying, you set the maximum price youre willing to pay. If selling, you set the minimum price youre willing to accept. A limit order may not execute. It can be placed for the day, or left open until cancelled or expired.
Market ordertoggle accordian row
Used when you want to accept market price for a share at the time you place the order. If buying, you pay the highest asking price. If selling, you accept the highest bid. A market order is more likely to execute. But you effectively pay a transaction cost when you cross the bid-ask spread.
Good til cancelled (GTC) ordertoggle accordian row
Stays open in the market until cancelled, giving you the benefit of order queue priority. The risk is it could expose you to significant price swings, for example due to overnight international news and market moves. So you could experience a loss. The risk is higher during times of greater market volatility, such as COVID-19.
Good til expiry (GTE) ordertoggle accordian row
Stays open in the market until the expiry date, giving you the benefit of order queue priority. Expiry can be a date you nominate, or your brokers default, commonly set at 20 trading days. The risk is it could expose you to significant price swings, for example due to overnight international news and market moves. So you could experience a loss. The risk is higher during times of greater market volatility, such as COVID-19.
Good for day (GFD) ordertoggle accordian row
Stays open in the market for one trading day. The unexecuted portion of the order, if any, is cancelled at end of day. If all or part of your order doesnt execute, you can put it back on the market next trading day. This means your order will avoid exposure to overnight price swings and unexpected loss. But your order will get a new place in the queue, according to price-time priority.
How to sell your sharestoggle accordian row
If you hold shares directly, you can sell them by placing a trade online or contacting your broker. You pay a fee each time you make a trade.
You exchange the legal title of ownership when you sell shares. Settlement for the sale and transfer of ownership happens two business days after the trade (known as T+2). After settlement, the sale proceeds are transferred into your bank account.
If you hold shares indirectly through a managed fund, you can sell them by selling your units in the managed fund. Before you do this, check if there are any withdrawal costs. Keep a copy of the trade confirmation or receipt for tax purposes.
Market volatility and trading haltstoggle accordian row
Be aware that, during times of higher market volatility like COVID-19, share prices may change dramatically. Its very hard to time the market, so stop and think before you trade. If you buy or sell too frequently, youll pay more in transaction costs which may not be worth it.
Sometimes a trading halt is placed on shares. For example, to allow the market to digest new information about a company. In this context, prices could fall and volatility may increase. You may not be able to sell your shares when you want, or at a price you like.
When looking at share performance, look beyond recent events. Markets typically recover over the longer-term.
Share buy-backstoggle accordian row
A company you own shares in may offer to buy back some of its shares. If you receive a buy-back offer, you can choose to accept or decline it. Before you decide, consider:
Unexpected offers to buy your sharestoggle accordian row
You may receive an unexpected letter from someone offering to buy your shares. Before you accept it, check:
It is not illegal to make an unsolicited offer to buy your shares. It is against the law to mislead shareholders into making or accepting an offer. If you get an unexpected offer you believe is misleading, visit the ASIC website or call 1300 300 630 to report it.
Follow this link:
How to buy and sell shares - Moneysmart.gov.au
Ukraine Launches Crowd Funding Drive for $250K Naval Drones
Screenshot from United24 website.
Ukraine has put out an international call to crowd-fund a fleet of 100 domestically built sea drones like the ones used in a late October attack on Russian Navy ships in the Black Sea.
On Friday, President Volodymyr Zelensky lent support to the United24 online campaign to solicit donations to build 100 of the naval drones that cost about $250,000 apiece.
We must defend the waters of our seas and peaceful cities from Russian missiles launched from ships, Zelenskiy wrote on the Telegram messaging app, reported Reuters.
The explosive-laden drones were used in an attack on Russian warships guided-missile Admiral Makarov and mine countermeasures shipIvan Golubets on Oct. 29. Video released from the drones showed one approaching Makarov and another was shown dodging fire from a Russian helicopter. At the time, Ukraine did not confirm or deny its involvement in the attack.
Following the attack, the Russian Black Sea Fleet has been kept mostly in port, USNI News reported on Monday.
During the larger attack on Oct. 29, several of the USVs penetrated the harbor. Drones eye footage released shows them operating near the warship piers deep inside the base. Russian reports that the drones reached Pivdenna Bay suggest that they got close to the submarines. A single Kilo-class submarine was present at the time, USNI News reported.
The United24 campaign outlined additional roles for the sea drones including shepherding grain shipments from Ukraine.
Drones can participate in long-range maritime reconnaissance and coastal surveillance, escorting and supporting the traditional fleet, convoying merchant ships, zoning in artillery fire, defending our bases and countering amphibious operations, reads the website United24.
The United24 campaign released additional details on the drones. The craft are 18 feet long, can carry up to 440 pounds in payload, has a range of about 500 miles and is capable of speeds of up to 50 mph.
The unmanned surface vehicles were first seen publicly on social media in September when one washed ashore near the Russian Navy base on the Crimean Peninsula.
H I Sutton Image used with permission
USNI News contributor H I Sutton contributor highlighted other features of the drone, including components from a Sea Doo recreational watercraft with a repurposed contact fuse from a Soviet-era bomb linked to an explosive payload.
In a statement, Zelensky asked for international support to grow the inventory of sea drones.
I am sure that millions of people will support this important area of Ukraines defense,hewrote of the naval drone fundraising campaign. Everyone has already seen how it works.
Related
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Ukraine Launches Crowd Funding Drive for $250K Naval Drones
Crowdfunding for medical treatment: Bombay HC asks govt if children can be displayed in ads by private firms – The Indian Express
The Bombay High Court recently sought to know from the Maharashtra government and Mumbai Police to inform as to whether an online crowdfunding for medical treatments such as cancer and other rare diseases can be done by a private organisation or a company and if the same is permissible, which is the monitoring authority for the same.
The bench sought states response while hearing plea by Impact Guru Technology Ventures, a crowdfunding platform, challenging show-cause notice issued to it by Police under the the Juvenile Justice (Care and Protection of Children) Act, 2000 for displaying child in wrong perspective on its social media advertisements and sought interim relief as it apprehended FIR.
A division bench of Justice Prasanna B Varale and Justice Nitin R Borkar on October 6 was hearing plea by the private firm challenging September 7 show-cause notice issued by the state Special Inspector of General Police, Prevention of Crime Against Women and Children asking the petitioner why crime under section 76 of the JJ Act should not be registered against the firm.
As per Section 76 of JJ Act, whoever employs or uses any child for the purpose of begging or causes any child to beg shall be punishable with imprisonment for a term which may extend to five years and shall also be liable to fine of one lakh rupees.
Advocate Niteen Pradhan for the petitioner submitted that it is a private limited company with a primary objective to manage a technology platform, which enables patients to seek funds/ donations for medical treatment such as cancer, organ transplant and other rare diseases; from friends, relatives and public at large through online fundraising.
He submitted that as per the notice, advertisements prepared by petitioner company, which were circulated through various mediums including You-Tube, Facebook etc. are displaying the child in the wrong perspective.The police had said the advertisements and money collected fall in the category of begging under JJ Act and therefore the firm was indulging in activities inconsistent with the 2000 law.
Pradhan submitted that petitioners activity is permissible under the National Policy for Rare Diseases, 2021, as there are government portals for crowd funding and therefore, the show-cause notice was misconceived and same be set aside.
He added that petitioner apprehended coercive action through an FIR being initiated by the Police and sought an interim order to protect the company.
The Court noted that there were no avertments made by petitioner to show that it was not retaining any amount out of the funds or donation received and if it was retaining some percentage of amount, it has not shown how much was the same.
The bench noted that Clause 10 of the 2021 policy provides the government to create an alternate funding mechanism through a digital platform for voluntary individuals and corporate donors to contribute to the treatment cost of patients of rare diseases, as it would be difficult for government to fully finance high cost treatment for rape diseases.
The gap can however be filled by creating a digital platform for bringing together notified hospitals where such patients are receiving treatment or coming for treatment, on the other hand, and prospective individual or corporate donors willing to support treatment of such patients, the policy states.
The Court perused the policy and observed that it was unable to find any material permitting private organisations or company to display such information about a child on a public platform
The bench then asked the state government and Mumbai Police to file reply to the petition on aspects of which Act or Regulation governs the crowd funding and can the same be done by private companies and if it is permissible, which will be an authority monitoring the same.
After Public Prosecutor Aruna Pai for state on instructions from the concerned police officer submitted that no action/steps will be taken against the petitioner pursuant to the notice till the next hearing, the bench posted the matter to October 19.
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Crowdfunding for medical treatment: Bombay HC asks govt if children can be displayed in ads by private firms - The Indian Express
How crowdfunding can help boost startups in Tanzania – The Citizen
Dar es Salaam. One of the challenges facing those with startups is to fail to get loans from banks and financial institutions due to lack of collateral.As a result of this, many innovations that could have provided solutions in various sectors end up undeveloped.To overcome the challenge, Mzumbe University has come up with a new research project aimed at finding new methods to help the youth in Tanzania access funds for business startups via the Internet known as crowdfunding.According to young people, most of them are walking with ideas because they do not have the money to develop them and they say that if the platform starts being introduced, it would be of great use.
Also Read: Why most startups in Tanzania fail - and the way forwardCrowdfunding is the financial model that supports new ventures by using the Internet to solicit and aggregate small monetary contributions from many funders.Fund seekers might target a large audience to which each participant contributes only a small amount of money to develop the project.According to the Tanzania Startup Association (TSA), 82 percent of them in Tanzania are underfunded.
ResearchA project coordinator, Dr Nsubili Mwalukasa, said the research started in 2019 with the aim of creating the awareness of Crowdfunding Youth Entrepreneurs in Tanzania (C4YET) if they knew about the way to get a loan.Explaining how the youth can get funds, Dr Mwalukasa said there are people who are in a crowdfunding network willing to help startups, therefore, if anyone has a good innovative idea, they should send it to the stakeholders who may donate money to develop it.The kind of financing is different from banks because the collateral is the financial intermediary who brought the idea to the crowdfunding so the fund would be given under a small interest rate and conditions.So the financial intermediary will receive the funds on behalf of applicants and make all the surveys on the project as well as make a follow-up, therefore, this would help many young people to develop their creativities by using that finance method, she stressed.During the research findings, most of the entrepreneurs, who accounted for 60.7 percent, have already participated in fundraising activities. That implies that they can easily learn about fundraising methods.About 52.7 percent of entrepreneurs are not aware of crowdfunding and 47.2 percent are aware of the practice. Of those who are aware, most 42.0 percent heard of crowdfunding from family and friends, 32 percent through social media, 16.0 percent through financial institutions, and 8.0 percent through training about alternative sources of funding, such as crowdfunding.Only a few of those, who have heard about crowdfunding, have some ideas on what it is, what is involved, and how it works. 80.9 percent of respondents have never been involved in crowdfunding, only 19.1 percent who have previously participated, she said.The next project is to train the youth on how best to use the finance method before the introduction of the platform in the country.On the other hand, senior project coordinator Dr Daudi Ndaki said the project started in February 2019 and has planned to implement 17 activities from which 12 are expected to be accomplished by January 2024.Dr Ndaki added that for the period up to September 2021, five activities have been implemented, six are in various implementation stages and five have not taken off.The project consortium includes Mzumbe University, Small Industries Development Organization in Tanzania and Copenhagen Business School from Denmark.Several challenges still hinder the performance of youth entrepreneurship, with lack of finance cited as the leading obstacle. The overall objective of C4YET is to promote the sustainability of youthled businesses and start- ups through increased access to crowdfunding, he said.If we get crowd funding kick-started in Tanzania, we can help the youth create self-employment. More than fifty per cent of the total population in Tanzania are young people who can work, yet most struggle to get employment, he stressed.The crowd funding project for youth entrepreneurship in Tanzania (C4YET) is a timely study that seeks to remove barriers for youth accessing funds from the Internet.
Youths commentsA founder of Taotic Innovation Company, Mr Kiko Kiwanga, said lack of funding is a very critical challenge to startups, adding that only few are supported by their families to implement their projects. He said those with no ideas end up on the way without being developed.For SMEs, they can manage to develop their ideas because most of them do part-time jobs or are employed somewhere else, but for startups you find most of the time they develop ideas while they dont have other means of revenue, he said.Innovator James Marandu said the traditional method of acquiring funds is hindering many youth from developing their ideas due to failing criteria as business must have begun, guarantors among others.We believe if innovation is introduced, a number of youths will come up with constructive ideas based on solutions in various sectors: health, agriculture, communication, finance among others, he insisted.
Continued here:
How crowdfunding can help boost startups in Tanzania - The Citizen
Dream Machine helps you fall asleep faster and monitors your sleep patterns – Geeky Gadgets
If you find it hard to fall asleep at the end of a busy day you may be interested in a new device called the Dream Machine specifically designed to provide a modern sleep solution that not only helps you fall asleep faster but also monitors your sleep patterns. Launched via Kickstarter the system has already lasted past its required pledge goal thanks to over 150 backers with still 24 days remaining.
Equipped with artificial intelligence the Dream Machine offers a smarter way to sleep and will adjust its methods according to your sleep patterns. The more you sleep the smarter the Dream Machine becomes say it is creators and its companion application allows you to quickly expand its features and content even more as new updates are released. Specially priced early bird pledges are now available for the interesting project from roughly $149 or 130 (depending on current exchange rates).
This is our 4th Kickstarter and weve learned a lot about how to create realistic timelinesand how those timelines can be smashed to pieces after doing everything we can. Our manufacturers are world class & extremely experienced. They make some of the worlds most incredible products and even though we have everything in place theres always a risk working to build a new product. Weve made tens of thousands of products and have hired an experienced manufacturing/quality control team to ensure quality and to keep us on our timeline. Our manufacturers will everything possible to make sure we delivered backer rewards promptly.
Assuming that the Dream Machine funding campaign successfully raises its required pledge goal and the project completion progresses smoothly, worldwide shipping is expected to take place sometime around September 2023. To learn more about the Dream Machine designed to help you fall asleep faster watch the promotional video below.
Were passionate about creating amazing products and Kickstarter is a way for us to launch our brand. As youve read, Kickstarter isnt a store and rewards are a thanks for supporting the project which is why we cannot offer refunds or returns. Your pledge means so much and we take it very seriously. We will do anything we can to make sure that this exchange leaves with good vibes for everyone involved.
We only used premium products and offer a lifetime warranty. We will repair or replace any device that somehow dont hold up to do what the device was designed to be used for. We do not offer refunds or returns on device that were received as a Kickstarter reward.
For a complete list of all available early bird pledges, stretch goals, extra media and more features for the helps you fall asleep faster, jump over to the official Dream Machine crowd funding campaign page by checking out the link below.
Source : Kickstarter
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Dream Machine helps you fall asleep faster and monitors your sleep patterns - Geeky Gadgets
Borrow A Boat smashes crowd funding targets – Global Banking And Finance Review
Disclaimer:This article isSponsoredFeature Presented by Discover Media. The opinion expressed here is not investment advice it is provided for informational purposes only. It does not necessarily reflect the views or opinion of Global Banking & Finance Review and in no way an endorsement or recommendation. All investments and trading involve risk, users of the GBAF Website must consult a suitably qualified professional adviser for advice and perform their own research. Accordingly, we will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the GBAF Website and within GBAF Content.
Whether its the influence of shows like Below Deck or the trend towards luxury holidays, or even a combination of the two, one things for sure renting boats and booking charters are more popular than ever. The market is set to be worth an incredible $25 billion by 2027, and many different companies and brands are looking to get a piece of the space.
As a result the boat rental marketplace and charter industry are becoming hyper-competitive, with only those who can offer interesting solutions or something extra special coming out on top. A company who are definitely making a name for themselves in this saturated industry are Borrow A Boat.
Colloquially known as the Airbnb of boats, Borrow A Boat is one of the leading yacht charter and boat rental marketplace, with an amazing 35,000 boat listing hosted across more than 65 countries around the world. The top destinations include the UK, the Mediterranean, the Caribbean, North America and South East Asia. Reviewed highly in places like The Guardian, Boat International, Yachting World and Superyacht News, Borrow A Boat is definitely becoming one of the key players in the industry and continue to make big moves to the top.
Whats their story?
British company Borrow A Boat was launched back in 2017 by founder Matt Ovenden. A long time lover of boats and sailing, Matt is a successful serial entrepreneur as well as being a Fellow of the Institution of Mechanics and a Chartered Mechanical Engineer.
Having an MSc in Innovation and Design for Sustainability, Matt created Bright Green Shoots back in 2009 a energy and sustainability company that works to help businesses and organisations embrace green and sustainable innovation.
Through Bright Green Shoots Matt created two other companies. In 2011 he launched Free Wind ltd, a UK wind development company, and in 2014 he launched Free Island Energy, which works with remote renewables, microgrid and eco-island projects.
When Matt launched Borrow A Boat he was looking to solve a new challenge: how to get those who have been averse to yachting in the past, either because of its complexity in booking or the constraints that seven-day charters can have. In its first iteration as a peer-to-peer business, it became known as the Airbnb for yachting. Having quickly realised there were other opportunities, Matt and his team pivoted the business to also include traditional yachting suppliers which contributed to its explosive growth. At a similar time, Matt decided to also access the superyacht sector to appeal to the ultra elite or those who want the best in luxury yachting when it comes to their boating experience.
(Board discussing targets)
How have they grown so far?
Borrow A Boat have started their summer out well. In late June, the leading boat rental and yacht charter marketplace in the UK closed their most successful crowdfunding round ever, having raised and incredible 3,017,030 from over 650 investors.
This new raise brings the total of the business lifetime crowdfunding to over 7.8 million impressive for a company that launched in 2017 and faced some challenges due to disruptions in global travel over the 2020 period. The largest ever crowdfund for Borrow A Boat, it exceeded its funding target by 402% and has reinforced their position as one of the best in the business when it comes to the yachting and boating rental industry.
Borrow A Boat already had an incredibly successful year during 2022 when it came to growth in revenues. They expanded in a few other countries as part of this. They also acquired three competitors over the past twelve months. The first of these, Helm, allows users to build their perfect yachting holiday. Barqo, the second, seeks to make sailing a truly accessible experience by allowing its users to rent (and rent out) their boats. And beds on board is truly the Airbnb of boating, enabling users to rent beds on board of boats across the UK. These acquisitions go to show just how expansive and dominant across the industry that Borrow A Boat is planning to get.
What does this mean for Borrow A Boat and the industry?
The successful crowdfunding round shows just how well Borrow A Boat has been doing over the past few years and the support theyve received from stakeholders shows the belief that many people have that the company will continue to thrive and succeed.
Its success is important for consumers too; more people than ever will be able to access its services and enjoy the experience of renting a boat or chartering a yacht. Its very likely that Borrow A Boat will continue to dominate and expand their offering as the industry continues to skyrocket and hit new heights all the way into 2027. It may be that we see new competitors rise up but from the looks of things, Borrow A Boat is here to stay.
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Borrow A Boat smashes crowd funding targets - Global Banking And Finance Review
Vinyl record turntable and ultrasonic cleaner – Geeky Gadgets
Vinyl record enthusiasts looking for both a turntable and ultrasonic cleaner to keep their records in tiptop condition may be interested in the VinylSonic bundle. Offering either or both a vinyl record cleaner and player at a discounted price. Early bird pledges are now available for the novel project from roughly $139 or 117 (depending on current exchange rates), offering a considerable discount of approximately 40% off the retail price, while the Kickstarter crowd funding is under way.
Vinyl records are well known for their ability to accurately reproduce sound. Less well known, is their hidden skill as dirt magnets. Vinyl records attract grease, grime, dust, powder, skin cells, and who knows what else. There are two main causes of this: handling records with bare hands and the static electricity that naturally occurs on the surface of records. As such, every responsible vinyl lover will at some point need to confront the question: how do I clean my records?
With the assumption that the VinylSonic crowd funding campaign successfully raises its required pledge goal and the project completion progresses smoothly, worldwide shipping is expected to take place sometime around December 2022. To learn more about the VinylSonic vinyl record turntable and cleaner project review the promotional video below.
To keep your records sounding great and maintain the condition of your stylus, keeping them clean is essential. Now, with VinylSonic, cleaning your records can be as effortless and enjoyable as listening to them. Simply add distilled water and insert your record and click a button the rest is automated. VinylSonic automatically deep cleans and dries the record from top to bottom with a complete ultrasonic cleaning system built-in.
With VinylSonic, no cleaning agent is required. Instead, it cleans with 40kHz ultrasonic waves and pure distilled water. The system safely removes dirt and dust from the record while eliminating mold that accumulates in the grooves. This technique also reduces the buildup of static electricity for better sound quality. Resurrect all your favorite albums with VinylSonic and enjoy them like the first time with perfect detail and depth of sound.
For a complete list of all available campaign pledges, stretch goals, extra media and engineering specifications for the vinyl record turntable and cleaner, jump over to the official VinylSonic crowd funding campaign page by following the link below.
Source : Kickstarter
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Vinyl record turntable and ultrasonic cleaner - Geeky Gadgets
African businesses can raise up to R10m on this crowd funding platform Heres who qualifies – Business Insider South Africa
African businesses that seek to grow but are struggling to get funding can secure investment between R1.5 million and R10 million on crowd funding platform GoGetta, in exchange for stakes in the business.
The platform, powered by Grovest, anadministrators in the small cap investment space, allows local and international venture capital investors to invest from as little as R1,000 into emerging African businesses.
The platform seeks to solve two investment problems. The one, is setting up a way for up & coming businesses to access capital. The other, is an easy but secure way for investors to put money into these types of ventures.
Quality African businesses are struggling to raise capital using traditional financiers such as banks. Crowdfunding is a billion-dollar global industry and its time for Africa to weigh in. GoGetta is a solution to these funding issues and unlocks the potential of Africas entrepreneurs,"said co-founder of GoGetta Sthembiso Zwane.
Africa is an exciting growth story for investors and our platform showcases some of the best investment opportunities from across the continent,Zwane adds.
GoGetta is looking for businesses within various sectors to list on the platform. Listed businesses have the opportunity to raise investment between R1.5 million and R10 million in exchanges for stakes in the company.
GoGetta is regulated by the Financial Sector Conduct Authority (FSCA), giving investors confidence in our top-notch compliance and governance capability. Africas go getters will also benefit from guidance in formalising their businesses with a smarter way to access capital to fund growth while retaining control, said GoGetta co-founder and CEO Jeff Miller.
Heres who qualifies
Qualifying businesses include those within the following sectors: fintech, agriculture, consumer, energy, enterprise, healthcare, retail and more.
We have already signed up qualifying businesses in South Africa and we are seeing significant interest from businesses on the African continent which are ready for investment, said GoGetta co-founder Leat Sacharowitz.
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African businesses can raise up to R10m on this crowd funding platform Heres who qualifies - Business Insider South Africa
SwithBin Announces First Regulation Crowdfunding on StartEngine – openPR
Overland Park, KS, July 20, 2022 --(PR.com)--SwitchBin, Inc., the automated retail store-in-a-box for smartphones and other connected devices announced they have been selected by StartEngine Capital LLC to kick off their first Regulation Crowdfunding raise on the StartEngine equity crowdfunding platform. StartEngine was founded by Howard Marks, the co-founder of Activision and was joined by the respected businessman and Shark Tank Television judge Kevin OLeary as StartEngines Strategic Advisor and Investor. After being accepted onto the StartEngine platform, SwitchBin, Inc. is now filed with the SEC.
You can see the crowdfunding offering here along with a video of the process: http://www.startengine.com/switchbin
SwitchBin is a technology startup which plans to automate the process of buying and trading in mobile devices with its revolutionary software powered kiosk to both deliver a new device and take back the old, in under 10 minutes. Buying a new phone should not feel like visiting the DMV, and with SwitchBin, the upgrade process has been designed to be simple, fast, and secure. Wireless carriers and retailers need an answer to the labor crisis and SwitchBin believes their automated solution is it. The current product is capable of both delivering a new phone and handling a trade-in without activation. Future development is anticipated to take six months after funding and will allow for the fully designed experience including the app-based solution.
The SwitchBin team and Advisors include an experienced group of tech and retail executives who come from senior roles with major wireless carriers, national retailers, and global supply chain & reverse logistics organizations. Bob Kilinski, CEO, a former head of wireless merchandising and marketing in national retail, has brought in a strong Advisor Board including Glenn Lurie, former CEO of AT&T Mobility, Sally Lange, a former VP at Sprint and T-Mobile, and Mark Anderson, former VP of Enterprise at Ericsson.
Were excited the StartEngine team selected us as a partner on their crowd funding platform, said Bob Kilinski, CEO of SwitchBin. The proceeds from this first funding round will give us the capital to build the full end to end experience, build more machines for market trials, and bring on the resources we need to lead deployments.
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SwithBin Announces First Regulation Crowdfunding on StartEngine - openPR