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Investec backs crowdfunding business

Tim Stewart
— 1 minute read

Investec Australia has taken a 20 per cent stake in equity crowdfunding business Equitise.

Equitise, which was founded in 2014, can now name Investec Australia as its largest shareholder behind the fintech company's founders.

Other investors in Equitise include H2 Ventures and Tank Stream Ventures.

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A statement by Investec said Equitise has been at the "forefront of bringing equity crowdfunding to the Australian market".

"It has done this in parallel with the regulatory changes the government is undertaking to facilitate this new and readily accessible form of crowdfunding for retail and sophisticated investors.

"Equitise has developed its business model in New Zealand where the regulatory environment is ahead of Australia and equity crowdfunding has a strong track record," said Investec.

Investec Australia chief executive Milton Samios said he was attracted Equitise's 'syndicate' investment platform that will "allow groups of like-minded investors to create their own investor club for new investment opportunities – essentially taking the ‘angel investor’ model online".

Equitise co-founder and managing director Chris Gilbert said: "We are pleased to have the support and backing of credible partner such as Investec Australia.

"We understand their focus on core specialist and investment banking businesses in Australia and their conviction that smart capital intermediation, which is what Equitise does, fits this mandate."

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