New crowdfunding rules would still put equity raising online out of the reach of investment app Sharesight, says chief Doug Morris.
About 80 per cent of the New Zealand company's tens of thousands of customers (it won't disclose exact figures) are Australian, with the rest mainly in NZ and Canada.
It "crowdfunded" 75 per cent of NZ$2 million ($1.88 million), or roughly $1.5 million, from them earlier in December, cutting out the need to pay for advisers other than a lawyer.
Image: Doug Morris, Sharesight CEO, said: "Limiting crowdfunding to unlisted public companies ... means that a company like Sharesight could not have crowdfunded the raise we just completed." Photo: Supplied
