Is anyone considering crowdfunding? Looks like there will be atleast two providers in NZ with Snowball effect and Pledgeme both applying for a registration.

It sounds like Snowball effect already has a 11 lined up to go from a very diverse range of businesses (I assumed they would all be start up tech companies).


Investor registration is now open
The Snowball Effect website is now open for investor registration!
We invite you to register as an investor at www.snowballeffect.co.nz.
The simple registration process is open now. There is no charge, nor obligation to invest.
Snowball Effect will be licensed and regulated by the Financial Markets Authority. We are currently working through the licensing process, which began on 1 April 2014. We cannot share investment opportunities until this process is complete.
If registered, you will be notified when the first investment opportunities are available. These will range from startups through to established businesses looking for funds to expand. You will need to be registered to see details of each investment opportunity when they are posted to the website.
Investment opportunities
We are actively working with 11 New Zealand companies seeking to raise funds in exchange for equity in 2014.
Two of the businesses are startups. The other nine are established businesses operating across a number of sectors including retail clothing, entertainment, cloud-based software, food & beverage, retail, and wholesale. The 11 companies are part of a group of over 100 Kiwi companies who have expressed interest in raising funds through Snowball Effect.
Whether you are looking to back a Kiwi business, diversify your portfolio, or simply see the opportunities that are available, Snowball Effect will give you access – whatever your budget – to exciting opportunities that were previously only accessible to VC and Angel investment groups or other “eligible” investors.
The businesses are working on their investment propositions, with those closest to launching seeking capital of between $100,000 and up to $1 million. Companies will have up to 60 days to raise their funds.
Snowball Effect helps Kiwi companies to raise funds from their most passionate supporters, customers, users, and interested members of the public. We look forward to sharing exciting investment opportunities with you!
Please register at www.snowballeffect.co.nz and we will update you as soon as the first investment opportunities are available.
NOt sure if this is the best place to post this but it doesn't fit on the NZX or Unlisted boards.