In 2015, the global crowd funding industry raised a whopping $34.4 billion. These funds – offered willingly by members of the public to back everything from temperature-controlled beer coolers to innovative beehives – has given bold ideas a chance.
But up until now, small and medium-sized Australian businesses have missed out on a piece of the pie due to tough information disclosure requirements.
The great news is, that’s about to change.
From 29 September 2017, some Aussie companies can start offering securities to the general public, sidestepping banks, loans and audits to raise capital, fast.
If that sounds beneficial for your business, you’ll want to read our five facts about the new crowd-sourced funding (CSF) scheme, covering everything from eligibility to implementation.