Equity crowdfunding is broken. The system does not work for many companies because of the complicated process, the enormous legal fees and the extreme importance of doing everything required to meet regulatory requirements.
There has never been a simple, secure, cost-effective and legally sound solution – until now. KoreConX today introduced a powerful and free all-in-one solution that will disrupt the market by helping companies navigate the equity funding process, while simplifying shareholder communication to reduce risk.
Companies that have stayed on the sidelines because of the challenging and detailed process of equity crowdfunding can now move forward with confidence that they will be in compliance with all steps in the process, while utilizing KoreConX’s free platform. The future of equity crowdfunding starts today.
Under Title III, the number of potential new investors goes from 8.5 million to 233.7 million. It means more deals, more new shareholders, and that strict due diligence becomes even more time consuming for equity crowdfunding portals and making shareholder management even more important. Companies need something that will allow them to manage the increased number of shareholders, and portals need a tool to help them perform due diligence. KoreConX is both.
“The equity crowdfunding process is broken and needs a radical overhaul to make it more accessible to organizations of all sizes,” said Oscar A Jofre, Founder, President/CEO of KoreConX. “The new KoreConX platform changes the status quo in the marketplace by, for the first time ever, standardizing the process of gathering and conveying all needed information for equity funding. By making it easier, and far less expensive, KoreConX is poised to reshape the industry and reshape the face of crowdfunding.”
Why Companies Need KoreConX
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.
Why Equity Portals Need KoreConX
Portals are responsible for conducting due diligence on each company that wants to list on their portal. Doing this to the highest standards is where they get the edge and the reputation they need to succeed. This is a major undertaking, and time consuming when companies come unprepared and in large numbers. Portals serve the company and the investor, and protect the best interests of both with good due diligence. The investor will remain with the portal long after the company has raised its money, therefore the portal operators want to make sure their investors are being well taken care of by the companies they have just helped in raising their capital. We help save equity crowdfunding portals time, increase deal flow, and make regulatory compliance easy.
What KoreConX Provides
KoreConX provides the infrastructure and eco-system for companies to efficiently manage their business while maintaining proper governance, transparency and compliance. The highly secure 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.
How to Get Started
Initially, companies go through a simple, one time setup. This provides a perfect starting point for companies seeking to raise capital via capital markets or crowdfunding. This single point of entry allows for easy application to several different portals, as companies input data once and the information is then in the KoreConX system. KoreConX has integrated the collective skill sets of a wide range of partners, including iDisclose, EarlyIQ, AlgoValue, CrowdCheck, and others into the platform.
KoreConX is built with due diligence and current compliance requirements in mind, making reporting easy with a secure offsite data center presence that cross-links information, and ensures that the right people have access to all the right information when they need it. KoreConX is certified by VeriSign. With KoreConX, all parties will be able to see and edit documents in real time, making version control easier and reducing legal fees. KoreConX is perfect for companies that prefer to focus on running their business rather than being distracted by the process of complying with ever-changing regulatory obligations.