Birchal is an Australian
equity crowdfunding
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets. Because equity crowdfunding involves investment into a commercial enterprise, it is ...
platform which captured AU$94 million of the AU$146.6 million raised in the Australian retail equity crowdfunding market during 2018 to 2021.
Birchal is licensed by the
Australian Securities & Investments Commission
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to pro ...
to facilitate offers of equity in eligible unlisted public or private companies to both retail and wholesale investors under the crowdsourced funding regime of the
Corporations Act
The ''Corporations Act 2001'' (Cth) is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in the Commonwealth of Australia. The company is the Act's primary focus, but other entities, such as partners ...
, which was introduced in 2017. It was part of the first group of seven such intermediaries issued a license in early January 2018.
Birchal offered its own shares on its platform in April 2022, reaching the maximum funding target of AU$3 million in slightly over an hour, with almost 600 investors participating.
History
Birchal was founded in 2017 as a sister platform to
Pozible
Pozible is an Australia-based crowdfunding platform and community-building tool for creative projects and ideas. It was developed to help people raise funds.
Model
Pozible is a crowdfunding platform and creative community. Projects are launc ...
, a
reward-based crowdfunding platform, by its mutual founders. The firm commenced by targeting Pozible's user base to capitalise on new
Australian equity crowdfunding regulations enacted in 2018.
References
Further reading
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External links
Official website
Australian companies established in 2017
Equity crowdfunding platforms
Financial services companies established in 2017
Investment companies of Australia
Online financial services companies of Australia
Privately held companies of Australia
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