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Crowd88 is granted a Crowd-Sourced Funding Licence

Monday, July 09, 2018

PrimaryMarkets Limited (PrimaryMarkets) is delighted to announce that its 50% owned subsidiary Crowd88 Pty Ltd (Crowd88) was yesterday granted a Crowd-Sourced Funding Licence by ASIC (CSF Licence).

Crowd88 is located in the PrimaryMarkets offices in Sydney. (www.crowd88.com)

Crowd88’s wholly-owned New Zealand subsidiary Crowd88 Pty Ltd (NZ) has held its own equity crowd funding licence for over 3 years.

Commentary:

Nicholas Capp, MD/CEO of PrimaryMarkets and PrimaryLedger said:

“PrimaryMarkets is delighted that ASIC has now granted the equity crowd funding licence to our subsidiary Crowd88.

This expands our capabilities to offer investment opportunities to Retail Investors and compliments PrimaryMarkets’ current focus on Sophisticated, Institutional, Wholesale, Professional and Accredited Investors”.

Craig Skien, Founder and MD/CEO of Crowd88 said:

“We are thrilled to obtain our Australian Financial Services Licence to facilitate equity crowd funding in Australia and look forward to publishing our first offers shortly.”

 

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