KoreConX Expands Equity Crowdfunding Services with Major New Partners
Platform Disrupts the Equity Crowdfunding Market by Offering a Free, All-in-One Solution to Help Companies Navigate Process of Raising Equity Capital
Toronto, Canada – November 19, 2015 – KoreConX, the recently launched free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, today announced major new partners that add additional value and resources for their users. These additions greatly expand the scope and usefulness of the platform, allowing companies to have even greater control over their equity crowdfunding.
The integrated tools and services platform, available at www.KoreConX.com, saves companies time and helps reduce legal fees by having all the required corporate documents proactively organized, while allowing organizations to efficiently manage corporate records. KoreConX makes onboarding and dealflow screening for equity crowdfunding portals much easier while ensuring issuers are prepared for due diligence, reporting regularly and managing shareholders properly.
“KoreConX is providing the infrastructure and eco-system for companies to efficiently manage their business while maintaining proper governance, transparency and compliance,” said Oscar Jofre, CEO of KoreConX. “The addition of these new partners is designed to make it even easier for companies seeking equity crowdfunding to have all of the tools, resources and solutions available on the KoreConX platform.”
The new partners, with solutions now directly available via KoreConX, include:
CrowdCheck: CrowdCheck undertakes the due diligence that a reasonable person would do when investing his own funds online, and lets investors see the results of this due diligence in an easy-to-understand Report. This helps entrepreneurs seeking funding too as they can show they are legitimate.
iDisclose: iDisclose is a web-based application that streamlines the legal procedure of raising capital by guiding entrepreneurs through an adaptive process to customize institutional quality disclosure documents, including Private Placement Memorandums (PPMs). Built by a team of experienced securities lawyers iDisclose fuses cutting-edge technology with legal know-how to significantly reduce the time, money and effort traditionally exerted on the disclosure process.
Early IQ: Early IQ is a provider of simple, secure online diligence and compliance solutions for private financial markets. Early IQ will be incorporated into KoreConX to provide companies with the tools necessary to conduct background checks and to help further their due diligence efforts.
AlgoValue: AlgoValue is an online valuation and cap table analysis platform to valuate stage and mature companies and their equity securities, including preferred stock, convertible notes, warrants, stock options, common shares, and others. AlgoValue enables users to simulate consequences of future funding rounds/M&A/IPO in terms of founders and other investor holdings. In addition, AlgoValue is used for financial reporting and US tax compliance (409A) and produces templates that are workpaper-ready, saving hours of time for financial statement auditors. AlgoValue is used by startups, private companies,valuation firms, accounting firms, venture capital firms, law firms, and equity crowdfunding platforms in the US, Israel and
Marketwired: Marketwired provides news distribution and social communication solutions to public relations, investor relations and marketing professionals who represent companies of all sizes, from start-up to Fortune 500. By sharing market-moving, direct-from-source information with media, investors, social networks and consumers anywhere in the world, Marketwired plays a pivotal role in connecting newsmakers with news consumers.
“We look forward to helping KoreConX users expand their visibility and uncover opportunities,” said Bernadette Lee, Marketwired’s Vice President, Global Partners and Media Solutions. ”As the crowdfunding industry multiplies in volume and influence, it’s more important than ever to reach these new communities of investors and decision-makers.”
“Crowdfunding is about taking deals from elite back rooms and making them accessible to everyone,” said Georgia Quinn, CEO of iDisclose. “Transparency is essential to this process, and we are so happy to be working with KoreConX to simplify and streamline the processes for crowdfunding.”
“We are looking forward to making the due diligence process more efficient and faster using the resources of KoreConX”, according to Sara Hanks, CEO of CrowdCheck.
KoreConx also added additional portals to the platform today, so companies can access these portals directly, thus making the process easier, faster and less complicated. The new portals include Folio and Interactive Shares, a new real estate portal.
What KoreConX Provides
The highly secure KoreConX platform provides a suite of tools and services that centralizes and streamlines governance functions, ensuring that corporate information is always up to date while helping companies from start to finish during the process of Pre-During-Post regulated crowdfunding transactions.
Companies can use the KoreConX platform to organize and share their company information with portal operators, through a single point of entry, allowing them to comprehensively manage their equity raise without leaving the platform. Once the capital raising round is complete, KoreConX helps companies manage and communicate with their shareholders, practicing good governance as they grow.
KoreConX is a free all-in-one solution that helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk. The KoreConX eco-system empowers stakeholders (regulated crowdfunding portals, shareholders, board directors, CEO, CFO, corporate secretary, lawyers, auditors, investor relations, members and 3rd party providers) to manage corporate information from a Single Point of Entry within a secure, hosted application that results in efficient and transparent corporate governance. More information is available at www.KoreConX.com.
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