International bank Investec buys into local crowd funder Equitise

Mon, 08 Feb 2016

By Sophie Boot Feb. 9 (BusinessDesk) - International banking group Investec Australia has taken a 20 percent stake in Equitise, the only trans-Tasman equity crowd funder, as it looks to participate in growth in the sector. The stake was sold for an undisclosed sum, but Equitise's co-founder and New Zealand manager Will Mahon-Heap said the firm made a significant cornerstone investment, and is now the largest shareholder after Equitise's founders. "We look at it as a very strategic investment," Mahon-Heap said. "Even in the last three...

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