CrowdfundUP

Early movers in the fast-growing crowdfunding sector want to ensure the legitimacy of their business model is maintained.

Startup studio Atomic Sky has named the nine businesses selected for the first edition of the new Fusion Founder startup program, which will be operating in the Tech Hub co-working space in Northbridge.

Singapore-founded property crowdfunding business CoAssets wrapped up its first day of trading on the Newcastle-based National Stock Exchange of Australia today, with its shares closing flat at 10 cents each.

Perth venture capital firms have welcomed government measures today that will allow small businesses to raise money by crowd-sourcing, but criticised them for not going far enough.

A timely dose of regulatory assistance is benefiting Australian financial technology startups, according to CrowdfundUP founder and managing director Jack Quigley.

Local fintech CrowdfundUP tops this fortnight's Techboard ranking, having closed a $2.1 million capital raising led by Sydney-based Positive Investment Enterprise.

SPECIAL REPORT: Small and mid-sized businesses will soon have a new option for raising capital when crowd-sourced funding legislation takes effect. 

A new capital markets platform that has backers from accounting firm BDO, law firm Steinepreis Paganin, and property group CrowdfundUP plans to target both traditional capital raising deals and the new field of equity crowdfunding.