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ARTICLE · 01 NOVEMBER 2017

Crowd-sourced funding (CSF) for small businesses

Metis Law
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Australian companies should read these facts about crowd-sourced funding (CSF), from eligibility to implementation.

AustraliaCorporate/Commercial Law
My-Linh Dang
My-Linh Dang
David Kerr
David Kerr
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The newest way for small businesses to raise capital
Everything you need to know about crowd funding for small business.

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.

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