Jeff Broun's firm did not apply for a licence. Photo: Attila Csaszar

Crowdfunding available for startups

UPDATED: Australian startups will now be able to raise capital via crowdfunding sources after the corporate watchdog today approved the first batch of licences allowing companies to act as intermediaries in the process.


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What happened to WA-based Sharequity, as reported by Mark Beyer in November 2017 in BN? They were going to be a crowdfunding platform and were applying for one of the licences.

In response to Charlie Gunningham; Sharequity is a Corporate Authorised Representative of Big Start Pty Ltd, ASIC AFSL No. 474 592. Big Start Pty Ltd received ASIC AFSl variation approval on January 11 2018 approving Sharequity as an Australian equity crowdfunding platform operator.

Thanks for the update, Geoff. The original article did not mention that and said no WA organisations applied for licences. All the best with the rollout of Big Start (better name).

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