Struggling to raise funds via traditional methods?
As public accountants and registered ASIC agents, we can arrange the setup of your new venture, and make changes to the company whenever your ASIC register needs to be updated.
Once we get your structure compliant, we will assist with the listing of your venture on one of the many crowdfunding websites which are also known as crowdfunding intermediaries.
Crowdfunding advantages
Low upfront fees
There are often minimal upfront fees or costs, and you may be able to negotiate a portion of your fees as success based (ask us).
Low financial risks
There is little financial risk with almost no start up debt (you will be losing some equity however).
Quick funds
Money can be raised quickly with the right idea and plan, and great campaigns can go viral.
Social media friendly
Social networks, websites, and online platforms can result in speedy and widespread exposure.
The litmus test
You can use the crowdfunding campaign to gauge public perception, generate interest, and obtain feedback.
Personal involvement
Investors and donors can become personally invested in campaigns and this will help you build loyalty programs and interest in your idea.
Crowdfunding may be suitable for you if:
You are an ambitious, fast-growing enterprise that wants to scale up or acquire a complimentary business.
You are struggling to raise funds via traditional methods, or the terms don’t suit you.
You don’t qualify for Early-Stage Innovation Company Capital Raising because of the company’s age, turnover or expenditure being higher than the allowed amounts.
You are a company with debts that the director(s) would like to repay (perhaps a Div7a debt), save interest and enable the security that has probably been supplied by someone else, to be released.
You are a company with a succession problem that an injection of new capital would assist in sorting out!
A typical offer
What you get with Accountants Direct
Business Plan
Preparation of business plan, budgets and cashflow forecast.
Business Valuation
Company valuation and share price determination.
Governance Advice
Company directors’ mentoring advice relative to corporate governance.
Virtual CFO Option
Virtual Chief Financial Officer service.
Crowdfunding may be suitable for you if:
Got a burning question? Let us help.
What Is crowdfunding?
Crowdfunding is a process of raising money for a start up or high growth business, generally from a large number of investors that invest small amounts of money. Unlike traditional methods of raising finance, crowdfunding is innovative and based on the concept of raising funding via ‘crowds’ of people. Most ‘crowdfunders’ view their funding contribution as an investment into the business venture. In return, they will be rewarded with a return on their investment and or equity in the business. Crowdfunding is becoming very popular because it’s a great alternative way of raising money quickly especially if you are struggling to get investors, or the right terms.
How crowdfunding works?
Crowdfunding enables start up or high growth business to attract investors by raising sums of money from a crowd of people who are willing to invest in the business. In order to start a crowdfunding campaign, there needs to be a specific business idea or concept, and a specific capital goal amount in place. Businesses and entrepreneurs can then ask or invite a number of people to donate various sums of money (small and large) until the crowdfunding goal is achieved. Crowdfunding happens online on via one of the many crowd-funding websites which are also known as Crowd Funding Intermediaries and ‘offers’ are generally communicated via social media so they can be widely shared and marketed at relatively low cost.
Top 5 Australian business crowdfunding platforms for businesses?
Some of the most popular business crowdfunding platforms include:
Birchel – https://www.birchal.com/
Equitise – https://equitise.com/
Onmarket – https://www.onmarket.com.au/
Venturecrowd – https://www.venturecrowd.com.au/
PrimaryMarkets – https://www.primarymarkets.com/