Armillary, Crowdcube granted crowd funding licence by FMA

Tue, 18 Nov 2014

By Suze Metherell Nov. 18 (BusinessDesk) - The Financial Markets Authority has licensed Armillary Capital's equity crowd funding platform, Crowdcube, adding competition to the new capital raising scene. The Wellington-based investment bank is the third equity crowd funding platform to be licensed by the markets watchdog under the new Financial Markets Conduct Act. Its online platform is in partnership with UK-based crowd funder, Crowdcube. Under the licence companies can tap investors, or the "crowd", for up to $2 million in capital, i...

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