Journal article

Equity Crowdfunding in Australia and New Zealand

Steve Kourabas, Ian Ramsay

International Company and Commercial Law Review | Sweet and Maxwell | Published : 2018


Equity crowdfunding allows small and medium-sized enterprises to raise funds from investors (usually contributing small amounts of money) through an internet platform operated by a third-party intermediary. A key advantage of the process is that it provides access to equity for companies that would otherwise find it difficult to raise funds from the public or borrow from the traditional financial sector. However, the process raises a number of challenges, including the risk of financial losses for vulnerable retail investors. This article analyses the approaches to equity crowdfunding adopted in Australia and New Zealand in light of the potential for cross-jurisdictional use of the framework..

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University of Melbourne Researchers