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Tag Archives: 99Funding

Top 100 Crowdfunding Sites for Equity-based, Rewards-based, Perks-based and Donation-based Fundraising Campaigns

2 Jun

Click Here to Review the 2015 Top 10 Rated Crowdfunding Sites to Help Anyone Launch a Fundraising Campaign to Raise Money to Bring Creative New Business Ideas to Fruition

By Robert Hoskins

Austin, Texas – Thinking about launching a Crowdfunding campaign to raise money to fund your creative business idea and bring it to fruition?  The Crowdfunding Press Center provides regular news reports on new Crowdfunding sites that have opened their doors to help entrepreneurs and small businesses launch fundraising campaigns to help bring their ingenious business ideas to fruition.

Top 10 Crowdfunding Sites for 2014

Top 10 Crowdfunding Sites for 2014

The big question that most crowdfunding campaign managers want to know is what crowdfunding site is the best to launch their fundraising campaign? Kickstarter vs. Indiegogo, which crowdfunding site is better? Or would one of the other crowdfunding sites outlined below be a better match for their precise crowdfunding goals and objectives.

Directory of Recently Launched Crowdfunding Sites: [Click to Tweet]

Directory of the Top Rewards-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Disaster-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Non-Profit-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Music-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Film-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Design-Based Crowdfunding Prototyping Sites[Click to Tweet]

Directory of the Top Sports-Based Crowdfunding Sites:

Directory of the Top Publishing-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Photojournalism-Based Crowdfunding Sites

Directory of the Top Arts & Crafts-Based Crowdfunding Sites:

Directory of the Top International-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Crowdfunding Accelerators, Boot Camps, and Incubators:

Directory of the Top Lending-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Donation-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Equity-Based Crowdfunding Sites[Click to Tweet]

Directory of White-Label Crowdfunding Site Providers[Click to Tweet]

Directory of the Top Securities-Based White-Label Crowdfunding Site Providers: [Click to Tweet]

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BancBox Launches First Automatic Escrow Service Aimed At Crowdfunding Platforms

28 Apr

By Mike Butcher

Last June, BancBox, a payment services platform similar to Stripe, debuted its platform allowing developers to build a lot of different payment services. As cofounder Sanj Goyle claimed at the time, “PayPal could be built on top of our platform.” Now it has launched BancBox Crowd, what is — as far as we can tell — the first independent escrow service aimed at crowdfunding portals that operate on equity, debt or revenue share models.

BancBox Launches ‘First’ Automatic Escrow Service Aimed At Crowd Funding Platforms

BancBox Launches ‘First’ Automatic Escrow Service Aimed At Crowdfunding Platforms

The company is also announcing partnerships with crowd investing services 99Funding, SoMoLend and Localstake.

BancBox Crowd claims to be the only solution on the market that provides online investment portals with an automated escrow solution that can replace the manual paper escrow process. They also say it is compliant with FINCEN, FINRA and SEC requirements.

In essence it means being able to create independent escrow accounts for each crowd-backed project, collect funds from those many investors, and either safely return funds if the project doesn’t work out, or disburse those funds when the project, whatever it is, reaches its funding goal.

Goyle says, “We want to have the payment part of the experience of an investor to be a sticky experience so we make it as easy as possible to pay and go through the process.” He says the business model is based on a set transaction fee to the platform partner.

You could say they know about payments. BancBox manages $100 million in consumer deposits daily in nearly 200,000 individual accounts. Its transaction volume has increased 100 percent to nearly $2 billion annually.

Read more…

Evisor Launches 99Funding Equity-based Crowdfunding Platform in California

20 Mar

By Robert Hoskins

Evisor Inc. launches 99Funding securities crowdfunding platform.  Crowdfunding is already changing the way that startups are funded, and securities crowdfunding is poised to revolutionize private investment markets, according to Craig Goos and Jim Dowd, Managing Directors.  The 99Funding platform offers a secure, transparent, and efficient marketplace for investment crowdfunding.

99Funding Equity Crowdfunding Platform Launches in California

99Funding Equity Crowdfunding Platform Launches in California

The Jumpstart Our Business Startups or JOBS Act signed into law by President Obama in April of 2012 created a new class of exempt private offering —the crowdfunding exemption — that will allow companies to raise up to $1 million through investments from retail investors.  Private offerings have generally been restricted to small numbers of accredited investors.  Investment crowdfunding for the general public is on hold for now, awaiting the promulgation of regulations by the Securities and Exchange Commission (SEC).  So for the time being, only accredited investors will be allowed to invest through the 99Funding platform.

As Wall Street veterans, Goos and Dowd emphasize that investor protection is the predominant focus of the funding platform. “We have been working in regulated financial markets for over 20 years,” said Dowd.  “We are not surprised that developing crowdfunding rules is taking longer than industry participants had hoped because we understand the complexity of the issues the regulators are facing.  Selling securities is not like raising money through donations or product pre-sales. Investor protection has to be the primary issue for the SEC and FINRA, since fraud is always a risk in the securities business.”

The 99Funding platform has been securely engineered to mitigate risk for investors.  First, due diligence on the offerings is handled through a partnership with CrowdCheck, a company that provides transparency and investor protection for crowdfunding and online investments.  Second, each offering must be distributed by a registered broker-dealer, which will vet the issuer and the offering terms before listing.  This role will be handled by affiliate North Capital Private Securities Corporation, member FINRA and SIPC.  Third, BancBox Crowd provides secure payments and escrow services for all investors and issuers.  Investor cash balances and escrow accounts are FDIC-insured.  Finally, Continental Stock Transfer & Trust Company will provide stock transfer agency services to ensure that all transactions are efficiently processed and recorded.

“We have a great team of business partners, all of whom have invested significant time and energy towards development of the investment crowdfunding market,” said Dowd. “It is wonderful to be working with the team at 99Funding.  They have put a huge focus on investor protection and deal transparency, and it shows.  99Funding is showing the way forward for the industry and helping to assuage the concerns of those who are unsure about new investment vehicles,” said Brian Knight, Vice President of CrowdCheck.

“We are pleased to be a partner for the 99Funding platform.  Jim and Craig’s focus on investors is totally consistent with the finest in shareholder services,” said Steven Nelson, President and Chairman of Continental.  Sanj Goyle, CEO of BancBox Crowd said, “Our relationship with the 99Funding team has been very constructive.  We think of Jim and his team as key partners in this developing industry, and our collaboration has no doubt resulted in a more robust BancBox Crowd tool set.”

99Funding has also partnered with Crowdnetic, a leading provider of market data solutions and funding portal platform technology.  Luan Cox, the Founder and Chief Executive Officer of Crowdnetic said, “99Funding was one of our early partners.  Coming from the traditional securities market, they were quick to recognize the value that Crowdnetic brings to the emerging crowdfunding market.”

99Funding is not the first private investment platform that Goos and Dowd have managed.  The two worked together at Bear Stearns to develop the HedgeSelect platform, one of the first open architecture platforms for hedge fund investing.  In 2008, Goos left to run the alternative investment business for UBS Wealth Management, and Dowd left to found North Capital.

Dowd notes, “We believe that crowdfunding will develop like other securities markets, with standardization of terms and eventually, syndication of deals among multiple platforms.  If the market evolves as we expect it to, the opportunity for investors and issuers will be huge.”

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