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Tag Archives: JOBS Act

Legion M Closes Over-Subscribed, Record-Setting $1 Million Equity Crowdfunding Campaign on Wefunder Portal

16 Aug

World’s first fan-owned entertainment studio leads the JOBS Act field with 3,000+ investors and significant demand above and beyond the $1 million cap allowed by the SEC’s JOBS Act Regulation CF

 By Robert Hoskins

Silicon Valley, CA – Legion M, the world’s first crowdfunded and now fan-owned entertainment company, announced they have raised one million dollars via their Title III crowdfunding offering on Wefunder. The Company raised the funds in less than three months from a record breaking 3,000+ investors, making it the most popular Reg CF company in the short history of Title III of the JOBS Act. At the time of closing, Legion M was also the number one company in terms of total investment interest and demand, with significantly more demand above and beyond the $1 million dollar funding cap allowed by the SEC, which leaves outstanding appetite for Legion M stock even after the round is closed.

Legion M Closes Oversubscribed, Record-Setting $1 Million Equity Crowdfunding Round on Wefunder

Legion M Closes Oversubscribed, Record-Setting $1 Million Equity Crowdfunding Round on Wefunder

“Legion M shareholders worldwide are celebrating this significant milestone we achieved together. We are truly inspired by their energy, passion and unbridled support. This Legion of dedicated fans have rallied behind us and our movement to make our mark entertainment industry,” said Paul Scanlan, CEO and co-founder of Legion M. “We are grateful to the JOBS Act for the innovative reforms that make this possible. Today we made history, and this is only the beginning.”

 Legion M’s creative partners currently include Stoopid Buddy Stoodios, the team behind Robot Chicken, 42 Entertainment, Meltdown Comics and Alamo Drafthouse.

 “I was impressed with how Legion M’s fans rallied to help them hit the one million dollar milestone eight days early,” said Nick Tommarello, CEO and co-founder of Wefunder. “We designed Wefunder for companies looking to build a stronger relationship with their most passionate customers, who are eager to help their favorite companies succeed. It was great to see how well it worked with Legion M’s well over three thousand investors.”

 “With more than three times the number of investors as any other Reg CF offering, Legion M has set the bar for Title III,” says Sara Hanks, a definitive authority on the JOBS Act and CEO of equity crowdfunding specialists CrowdCheck. “The real power of equity crowdfunding is having an investor base that can increase the value of your company, and Legion M is one of the best illustrations of that so far.”

“Having raised in excess of $100 million from VCs and angel investors for previous companies, we can attest that equity crowdfunding is a game changer,” said Jeff Annison, Legion M president and co-founder. “It’s not just a way to raise money–it’s a whole new paradigm for building a company.”

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Crowdfund.co Expands Customers’ Options for Debt & Equity Crowdfunding Real Estate Investment Banking

11 Jan

The company continues to have an interest in and the education of how investment crowdfunding will ultimately impact their customers’ ability to raise funding, including offering Reg D 506(c) alongside the new Regulation A+ offerings

Seattle, Washington – Crowdfund.co announces a service expansion of the company’s debt and equity crowdfunding into the real estate investment banking market. The move comes after several clients operating in commercial real estate expressed interest in combining institutional capital raises with individual, accredited investors. Luckily the company has maintained an interest in and the education of how investment crowdfunding will ultimately impact their client’s business, including offering Reg D 506(c) alongside the new Regulation A+ offerings.

Crowdfund Equity and Debt Crowdfunding for Real Estate Industry

Crowdfund Equity and Debt Crowdfunding for Real Estate Investment Banking

Real estate investment banking—facilitated through both debt and equity crowdfunding—is likely to continue to be one of the faster growing segments in the crowdfunding market. Crowdfund.co is fully-equipped to facilitate commercial real estate transactions involving both accredited and institutional investors. “At the end of the day, it does not really matter how we fill out the capital stack,” says Craig Dickens, CEO. “All that matters is that we run a successful, clean and legitimate process and that we are able to meet the needs of our clients looking to raise capital.”

“We consider ourselves a traditional private investment bank,” says Nate Nead, Director, “but the latest legislative changes are creating demand for offerings that are structured much differently than traditional investment banks operate. We are simply going with the flow and providing our clients the flexibility in raising the capital they desire through the methods that make the most sense for their particular raise,” Nead says.

While the company sees the changes brought about by the JOBS Act as revolutionary, they do not expect their business to be significantly altered. “Each deal still requires someone to drive it to the bank,” says Nead. “That is true regardless of whether you are sourcing capital for real estate or for a private stock transaction. Just because a deal is posted on an equity crowdfunding site, does not ensure the company will be funded.” Crowdfund.co and its affiliates maintain that while crowdfunding will have a significant impact on investment banking and traditional finance, there remains more upside opportunities, particularly as clients become more educated as securities issuers.

“We still spend a great deal of time talking clients out of one form of capital formation or another, Nead says. “Not everyone is a good candidate for Regulation A+, for instance. There is certainly significant opportunity in debt and equity crowdfunding, but too many issuers are trying to put square pegs in round holes. With our business and real estate clients, we are helping to consult them down the proper path for capital formation.” That path could include Regulation D 506(c), Regulation A+ or perhaps, eventually Title III of the JOBS Act, when it becomes available in May.

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Robert Hoskins, a seasoned Front Page PR veteran provides more than twenty-five years of external communications, media relations, digital social media and SEO skills to Front Page PR’s crowdfunding PR and media relations service portfolio.
(512) 627-6622
@Crowdfunding_PR


Mr. Hoskins is a seasoned marketing veteran with a proven track record of helping entrepreneurs, startups, small businesses as well as Fortune 500 corporations launch successful marketing communications campaigns to gain market traction for a wide variety of products and services.
Hoskins is one of the crowdfunding industry’s foremost crowdfunding advocates and has amassed a huge social media following that is dedicated to supporting donation-, rewards- and equity-based crowdfunding campaigns. Due to the overwhelming demand from the general public for crowdfunding information, he empowers entrepreneurs with some of the internet’s most affordable ($20) online crowdfunding training classes, which provide insight to startups around the world on a 24 x 7 basis.
Hoskins adamantly believes that the crowdfunding industry will empower everyone in the United States to rediscover the possibility of living the American dream with a little hard work, a great business idea and the dedication to researching, planning and launching a well-thought-out crowdfunding campaign. He consults on a regular basis with crowdfunding campaign managers as well as crowdfunding sites, portals and platforms to deliver successful crowdfunding marketing campaigns.

SEC’s Title III Equity Crowdfunding Rules for Non-Accredited Investors Go into Effect May 16, 2016

31 Oct

The new SEC rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with the necessary protections

Chairman Mary Jo White Keeps Her Promise to Crowdfunding Industry, SEC Approves Title III Crowdfunding

Chairman Mary Jo White Keeps Her Promise to Crowdfunding Industry

By Robert Hoskins

Washington D.C. — The Securities and Exchange Commission adopted the final Title III rules to permit companies to offer and sell securities through crowdfunding.  The Commission also voted to propose amendments to existing Securities Act rules to facilitate intrastate and regional securities offerings.  The new rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with additional protections.

Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects.  Title III of the JOBS Act created a federal exemption under the securities laws so that this type of funding method can be used to offer and sell securities.

“There is a great deal of enthusiasm in the marketplace for crowdfunding, and I believe these rules and proposed amendments provide smaller companies with innovative ways to raise capital and give investors the protections they need,” said SEC Chair Mary Jo White. “With these rules, the Commission has completed all of the major rulemaking mandated under the JOBS Act.”

The final rules, Regulation Crowdfunding, permit individuals to invest in securities-based crowdfunding transactions subject to certain investment limits.  The rules also limit the amount of money an issuer can raise using the crowdfunding exemption, impose disclosure requirements on issuers for certain information about their business and securities offering, and create a regulatory framework for the broker-dealers and funding portals that facilitate the crowdfunding transactions.

The new crowdfunding rules and forms will be effective 180 days after they are published in the Federal Register. The forms enabling funding portals to register with the Commission will be effective Jan. 29, 2016. Final rules become effective May 16, 2016.

The Commission also proposed amendments to existing Securities Act Rule 147 to modernize the rule for intrastate offerings to further facilitate capital formation, including through intrastate crowdfunding provisions.  The proposal also would amend Securities Act Rule 504 to increase the aggregate amount of money that may be offered and sold pursuant to the rule from $1 million to $5 million and apply bad actor disqualifications to Rule 504 offerings to provide additional investor protection.

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Fundamental Interactions Announces Title IV, Reg A+ White Label Crowdfunding Portal and Secondary Trading Software Solution

25 Jun

Fundamental Interactions Inc. has built out its core Nano Exchange platform to bring together the vanguard participants in crowdfunding and venture exchange on a new breed of stock exchange focused on initial public offerings and secondary trading

By Robert Hoskins

New York, New York – In March of 2015 the SEC adopted final Reg. A+ rules associated with Title IV of JOBS Act, bringing into effect a sweeping set of reforms that will allow small companies to offer their equity out for sale to the public. By exempting small companies from prohibitive state by state registration, reporting and accredited investor requirements, the rules pave the way for a whole new category of initial public offering and secondary market stock trading. Fundamental Interactions empowers the emerging crowd funding and venture market with an end to end Wall Street grade exchange platform to deliver the inherent benefits of this new market.

Fundamental Interactions Inc. has built out its core Nano Exchange platform to bring together the vanguard participants in crowd funding and venture exchange on a new breed of stock exchange

Fundamental Interactions Inc. has built out its core Nano Exchange platform to bring together the vanguard participants in crowd funding and venture exchange on a new breed of stock exchange

Fundamental Interactions’ Nano Exchange allows venture exchange and crowd funding companies to customize and deploy their very own exchanges where administrators can easily create and define new securities and conduct initial public offerings.

The system supports a variety of auction types and allows continuous securities trading in ongoing price-time, price-size order books. Unlike other institutional-grade exchange platforms, Nano exchange is accessible over a web and mobile friendly architecture driving flexibility and control over trading and administration and seamless presentation alongside other related service offerings.

The JOBS Act has spawned thousands of upstart crowdfunding sites seeking to participate in the coming wave of small business capital formation. “The Nano Exchange enables firms to leapfrog the field of new entrants in this space, with an advanced electronic marketplace for trading these new securities” says Julian Jacobson, President of Fundamental Interactions. “We operate multiple market centers, and our platform is deployed at over 50 institutional trading firms across three continents. We are excited to be at the forefront of this important new development in the American economy, and to put our technology to work for bringing capital where it’s most critically needed.”

Rising to challenges and opportunities posed by regulation, technology and market structure – Fundamental Interactions Inc. engineers global, multi-asset trading appliances which deliver targeted business solutions to exchanges, broker dealers and buy side trading firms. The company’s products fall into three primary categories: Trading Appliance, Nano Exchange and FastProxy.

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EquityNet Crowdfunding Site Surpasses $300 Million Raised by Equity Crowdfunding Entrepreneurs

11 Jun

EquityNet platform now includes over 16,000 listed companies and 120,000 entrepreneurs and investors, making EquityNet one of the industry’s leading business crowdfunding platforms

By Robert Hoskins

Fayetteville, Arkansas –  EquityNet announced that its  equity crowdfunding platform has surpassed $300 million in funding raised by thousands of entrepreneur members. The pioneering EquityNet platform now includes over 16,000 listed companies and 120,000 entrepreneurs and investors, making EquityNet one of the industry’s leading business crowdfunding platforms.

EquityNet Equity Crowdfunding Platform for Accredited Investors

EquityNet Equity Crowdfunding Platform for Accredited Investors

“Once again, we’re very proud to announce the continuing growth of our platform and are delighted that so many companies have achieved funding success through EquityNet,” stated Judd Hollas, founder and CEO of EquityNet. “As our membership and the crowdfunding industry as a whole continue to grow, we will continue to streamline the funding process for entrepreneurs and the due diligence process for investors. Our goal is to create a superb experience for investors and a higher funding success rate for entrepreneurs.”

EquityNet was founded in 2005 and was one of the first operating crowdfunding platforms in the world. Since its inception, it has allowed entrepreneurs from all industry sectors to connect with accredited investors to raise capital for their startups and small businesses.

Using EquityNet, these entrepreneurs have raised one of the largest amounts of equity, debt, and royalty-based business capital in the industry. Companies like Mine Shaft Brewing based in Park City, Utah, have taken full advantage of the capabilities that EquityNet has to offer.

“EquityNet’s platform provides a high-quality investor population and awesome support from their staff. We were able to raise over $650,000 within several months. When it comes to crowdfunding, EquityNet is where you need to be,” said Tim Nemeckay, CEO of Mine Shaft Brewing.

Crowdfunding has been shown to improve the capitalization of young businesses, often considered to be the most limiting factor in modern capitalism. The US JOBS Act, signed into law by President Obama in 2012, focuses on the growth of privately-held companies in the United States. In September 2013, EquityNet was the first crowdfunding platform to enable Title II of the US JOBS Act, which allows businesses to publicly advertise their need for equity funding online and take advantage of the lifting of the eighty year-old ban on general solicitation in the United States.

In addition to the ability for entrepreneurs to publicly advertise their need for funding, EquityNet provides entrepreneurs and investors the most advanced crowdfunding technologies in the global industry. EquityNet currently holds five granted crowdfunding patents and additional pending patents in the United States, covering multiple distinct inventions.

This leading technology provides innovative campaign creation and distribution abilities for entrepreneurs and is combined with the industry’s most advanced screening and due diligence technology for investors.

David Mandel, Chairman and Co-Founder of Bitvore stated, “Our success with EquityNet has been excellent. We have found investors who have provided our company with new connections, industry experience, and other strategic values.”

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Phoenix Firm, StartCapital, Announces New Equity Crowdfunding Platform for Title IV, Reg A+ Securities Offerings

10 Jun

StartCapital exclusive investment group has deep-pocketed individuals and institutions willing to pay for the legal and accounting costs incident to a Regulation A+ crowdfunded offering

By Robert Hoskins

Phoenix, Arizona – StartCapital.com announces the launch of its new website to source alternative startup financing for pre-growth companies in Series A and B offerings. The launch of the new website coincides with the new Regulation A+ crowdfunding regulation slated to take effect in several weeks.

StartCapital Reg A+ Equity Crowdfunding Platform in Phoenix

StartCapital Plans to Offer Reg A+ Equity Crowdfunding Offerings in Phoenix, Arizona

“We’re seeing great interest in sourcing capital through Reg A+ and we expect this demand will only grow,” says Jake Durrant, Managing Director.

StartCapital.com intends on assisting with capital raising opportunities for startups, but also hopes to source funds for residential and commercial real estate with Regulation A+ crowdfunding. Startups represent an important market, but investors are typically more driven toward investment products that include very solid collateral. Real estate fits this bill very nicely.

“While startups are often very sexy, it can be difficult to sell investors on the idea that their investment is safe, particularly if nothing exists except for some intellectual property and potential in a group of entrepreneurs,” Durrant says. “It’s one of the reasons we’re seeing such a big uptick in real estate related crowdfunding transactions.”

In addition to crowdfunding, the company also provides alternative financing for small companies looking to source capital for their businesses from other non-bank sources. For instance, the company provides debt financing through partners allowing for SBA, line of credit and asset-based lending. In addition, alternative equity options are also offered through things like self-directed retirement accounts, including IRAs and 401(k)s.

Finally, Start Capital is partnered with other equity investors that can assist in writing checks of up to $1,000,000 for the right venture and team. “Our investors are looking for those diamonds in the rough,” says Durrant.

When sourcing the right deals, the Start Capital exclusive investment group also has deep-pocketed individuals and institutions willing to pay for the legal and accounting costs incident to a Regulation A+ crowdfunded offering.

“We’re most excited about our partnership with the right investment groups who’re greatly interested in sourcing and paying for the costs of Reg A+,” Durrant says. “Since June 19th marks the beginning of Reg A+, we wanted to be ready when demand for mini-IPOs really opens up.”

Start Capital is a owned and operated by Deal Capital Partners, an M&A advisory firm with partners scattered across the United States. The firm offers an interesting mix of financial advisory services, from growth capital to mergers and acquisitions. The company is positioning itself for implementation and use of some of the latest options available thanks to the JOBS Act.

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SEC and SBA Announcements Lay the Foundation for Training Small Businesses on How to Use Crowdfunding in the United States

19 Sep

SBA Partners with SEC to Offer Nationwide Jumpstart Our Business Startups (Jobs) Act Training Programs to Help Small Businesses Learn How to Raise Startup Capital

By Robert Hoskins

Washington, DC – The U.S. Small Business Administration (SBA) announced that it will join the Securities Exchange Commission (SEC) in co-hosting a series of events around the country to help small business owners learn about new opportunities to raise capital under the Jumpstart Our Business Startups (JOBS) Act.  The first event will be hosted by the University of Baltimore’s Merrick School of Business on Sept. 25 from 2 p.m.to 4 p.m. EST.

SBA Partners with SEC on Offer Nationwide Jumpstart Our Business Startups (Jobs) Act Training Programs Events to Help Small Businesses Learn How to Raise Startup Capital

SBA Partners with SEC on Offer Nationwide Jumpstart Our Business Startups (Jobs) Act Training Programs to Help Small Businesses Learn How to Raise Startup Capital

“We believe that any new, inclusive and innovative paths that help small businesses gain access to the capital they need are good things, but these paths should be implemented with prudence and care,” said Javier Saade, Associate Administrator for SBA’s Office of Investment and Innovation. “We’re happy to join forces with the SEC to have these important, interactive discussions with small businesses around the country about existing and pending capital raising options under the JOBS Act.”

The JOBS Act events are intended for existing and aspiring small businesses, including minority-owned, women-owned and veteran-owned small businesses to learn about opportunities to raise capital under the JOBS Act.  One change already in place under the JOBS Act allows firms to advertise certain private offerings and another pending change allows firms to offer and sell securities through crowdfunding.

Representatives from SBA’s Offices of Investment and Innovation and Entrepreneurial Development, will join representatives from SEC’s Offices of Small Business Policy, Investor Education and Advocacy and Minority Women Inclusion to cohost the events highlighting additional ways for small businesses to raise funds under current and proposed SEC rules.

The events are designed for existing and aspiring small businesses, including those that are minority-owned, women-owned, and veteran-owned, and will discuss the JOBS Act, which expands the options that businesses may use to raise capital.  One change already in place gives firms the ability to advertise certain private offerings; a second that is pending will allow firms to offer and sell securities through crowdfunding. The SEC is actively developing rules to implement JOBS Act provisions.

Representatives from the SEC’s Office of Small Business Policy in the Division of Corporation Finance, the Office of Investor Education and Advocacy, and the Office of Minority and Women Inclusion will co-host the events with the SBA’s Office of Investment and Innovation and the SBA’s Office of Entrepreneurial Development.

The events will highlight additional ways small businesses may seek to raise funds under current and proposed SEC rules.  The events will also give small business owners an opportunity to ask questions of the SEC and SBA staff.

The events are free and will give small business owners the opportunity to ask questions of SBA and SEC staff members.  Those interested in registering for the Sept. 25 event at the University of Baltimore may do so: here.

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506 Docs Charts Course to Help New Start Ups Prepare Legal Documentation for 506 Reg. D Private Placement Offerings

10 Jul

506 Docs launches IndieGoGo Crowdfunding Campaign to fund new website that will provide 506 Reg. D FAQ sheets, tutorials, blogs and templates

By Robert Hoskins

Temple, Texas – The Texas-based Encite Financial Group announced a new business unit called 506 Docs, which will help small business owners who want to take advantage of  the SEC’s Regulation D during the private equity investment capital raising process.  To fund the new division, 506 Docs management team has launched an IndieGoGo Crowdfunding Campaign to raise the funding needed to educate the general public on the Rule 506 exemption, which allows an issuer to raise an unlimited amount of capital from an unlimited number of “accredited investors” and up to 35 non-accredited investors.

506 Docs Blog for Regulation D advertising campaigns

Regulation D 506 Equity Crowdfunding Campaigns

The website’s goal is to  provide tutorialseducational blog postsFAQ SheetsPrivate Placement Memorandum (PPM) templates and everything else  that a small business owner needs to file the right legal paperwork to conduct a small capital raise using the Reg. D rule.

A new portion of the Reg. D 506(c), which was passed on Oct. 23, 2014, now allows small business owners to market private equity investments opportunities using the SEC’s new General Solicitation rules, which allow broker/dealers to use advertising, PR, social media and other types of marketing campaigns to target only accredited investors.

According to the 506 Docs blog, Facebook and Twitter both got started raising capital using Regulation D. It might be hard to believe but Facebook’s first capital raise yielded just $6,750, but now has a market cap of $172 Billion that was developed in only 10 years. For people curious about researching their Reg. D paper trail, the 506 Docs blog contains links to Facebook’s first few SEC filings.

Reg. D is relatively unknown in the world of small business finance. While doing their research the 506 Docs management team discovered that finding real-time information from knowledgeable industry experts in the crowding in the industry was tough.

As a result the 506 Docs management team’s primary research, they determined that over $1 Trillion was raised using Regulation D during the period between 2010 to 2012, and then the industry saw a dramatic spike during 2013, when the SEC finally released the formal rules governing Regulation D investments.

 

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Equity Crowdfunding Site, ReturnonChange.com, Raises $1 Million to Finance Solar Rooftop Installations

18 May

Geostellar, a leading online solar rooftop marketplace successfully raises $1 million round of funding on Return on Change, an online investment platform based in New York

By Robert Hoskins

New York, NY – Noted as the “KAYAK of solar rooftop installations,” Geostellar helps homeowners secure the best deals on solar rooftop panels by comparing and tailoring a variety of installation and financing plans. The majority of the capital raised will be used to further develop Geostellar’s platform to facilitate interactions between solar sales agents and homeowners, and an API for integration with third-party Web sites and mobile tools.

Return on Change was particularly helpful in finding the right investors for us. They had all the information in front of them, and pushing the ‘Invest’ button was a simple way to express their interest in participating. It was easy for me to update the site, rather than circulating new documents…Raising capital online since the JOBS Act makes it much easier to spread the word, get potential investors engaged and provide information,” the CEO of Geostellar, David Levine stated.

Geostellar set the terms for their raise on Return on Change. Howard Teich, an investor of Geostellar stated, “The ease of Return on Change’s investment program allowed me to invest in one of the most important companies on the planet Geostellar. Without Return on Change we would not have been able to show up and take action to participate…”

“We believe Geostellar is a clear example of a business that has profit potential for investors and long term sustainable value. Our team had a great time working alongside Geostellar’s team, collaborating on sharing the opportunity with potential investors to reach the $1 million goal. Additionally, Geostellar’s proactive strategy in attracting investments was paramount to their successful fundraise. We’re excited to form a long term relationship with Geostellar and see how we can continue to be of value to their growth,” Sang H. Lee, CEO of Return on Change shared.

Return on Change’s platform provides startups with the tools to efficiently connect with accredited investors online. Its centralized capital raise management tools allow entrepreneurs to easily disseminate information, handle investor accreditation, and access investors outside of an entrepreneur’s direct network. Partnering with CrowdCheck and WealthForge Holdings, Return on Change will continue to provide useful tools and networks to enable investors and startups to thrive in the equity crowdfunding space.

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Accredify Offers High Net Worth Individuals an Easy Way to Invest in Private Equity Crowdfunding Investments

16 May

Universal Verification Solution streamlines the entire process with the benefit of technology making it a superior cost-effective standalone solution

By Robert Hoskins

Miami, FL  – Accredify.co has announced it has released Accredify Connect, a universal log-in and accredited investor verification tool that makes investing online simple and safe. Accredify Connect integrates easily into crowdfunding websites to make equity-based online investing possible. The service works in the same manner as Facebook Connect, where Accredify members sign in to portals to instantly qualify as an investor.

New Verification Service Announces Universal Verification Solution

New Crowdfunding Accredited Investor Verification Service Announces Universal Solution

“The landscape for investing is changing in a very big way,” said Herwig Konings, CEO of Accredify, “Thanks to the JOBS Act, private businesses can now raise funds online from professional investors and soon from the American people as well in exchange for equity.” Konings illustrates the crowdfunding phenomenon by referencing the popular ABC TV show, Shark Tank. “With the JOBS Act, anyone who qualifies can now effectively become a shark with their own money. Entrepreneurs aren’t presenting to just five sharks in a room, but to a vast online audience of anyone and everyone who has the desire and ability to invest in that idea’s success. We believe this enablement of consumer power will lead to radical increases in innovation, jobs, and to an overall healthier economy.”

“One thing we recognized as a major bottleneck in this industry was the need for a compliance solution that was simple enough to be adopted by the industry but comprehensive enough to be secure, confidential, and efficient for investors,” said Will Silverman, CFO and co-founder, “Investors should control who gets access to their information. As investment opportunities become more prevalent, investors would otherwise be forced to hand over sensitive financial information to multiple parties in order to meet compliance and pay potentially hundreds of dollars to an attorney.

Accredify streamlines the entire process with the benefit of technology making it a superior cost-effective standalone solution. It’s simple and secure to verify your financials in confidence and, once verified, you receive a certificate that can be printed for offline deals or used online through Accredify Connect, supported by the industry’s leading platforms.

What distinguishes Accredify from other service providers is its relentless focus on making the crowdfunding process better for investors. Unlike competitors who bundle their verification service with other compliance tools for issuers, Accredify’s customer are able to take back control of the verification process and easily invest online with trusted platforms. Issuers benefit from a free-to-use API and an efficient solution for verifying the high net worth status of potential investors over the Internet.

The SEC recently heard from the Investor Advisory Committee (IAC) on this matter of verification with respect to equity-based crowdfunding for the masses. At an April 10th meeting, the IAC’s Barbara Roper said “…if someone comes along and creates the technological solution… it would be expected portals move on to that system.” The IAC reasonably expects a market innovation will be the answer. “You can imagine the solution that would be developed, but it doesn’t exist.”

Thankfully, a solution DOES exist and it’s called Accredify. Konings added, “The JOBS Act is one of the most citizen-empowering pieces of legislation we’ve seen in a long time. Soon it will be easier than ever for entrepreneurs to find individuals who are ready, willing, and able to invest in startups and Accredify is on a mission to empower that vision with compelling solutions that make it possible for Americans to invest in one another to change the world.”

Accredify, LLC is a Miami-based technology company dedicated to providing independent third-party investor verifications for crowdfunding portals, private equity exchanges, broker-dealer portals, and compliant entrepreneurs seeking to raise equity capital through Rule 506(c) filings. Accredify makes investing easier by innovating the verification process for Accredited & Non-Accredited investors who are otherwise asked to repeatedly submit the same financial information again and again to confirm their status, while serving the needs of equity issuers, who are required by law to verify their investors.

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