Investec has purchased a 20% stake in Equitise, an equity crowdfunding business.
Created in 2014, Equitise has been a forerunner in the Australian equities crowdfunding sector, working alongside regulatory shifts to accommodate this new form of investment.
Investec Australia chief executive Milton Samios said his firm was "attracted to the business model Equitise continues to develop, including the creation of a '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 on-line."
Equitise managing director Chris Gilbert added, "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."
The Centre for International Finance and Regulation (CIFR) released a report in 2015 recommending equity crowdfunding be allowed in the country, proposing a $2 million total investment cap and that crowdfunding businesses be required to hold Australian financial services licenses.
Doctor Rob Nicholls, one of the CIFR report's authors, said at the time, "Instead of being feared, this interest should be nurtured through the promotion of investors' financial education."
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