KoreConX has launched a new equity Crowdfunding solution in a bid to help disrupt the market and help companies and firms facilitate more efficient equity funding processes, according to a KoreConX statement.
The newly launched platform will help streamline a number of crowdfunding tasks for companies whilst reducing fees necessitated by corporate documentation. KoreConX is also targeting onboarding for equity crowdfunding, placing more of an emphasis on managing shareholders.
Per the recent legislation under the US Securities and Exchange Commission’s (SEC) Title III, crowdfunding is poised to take a bigger role in Q4 2015 and beyond. Title III’s approval should also herald more deals, shareholders, and with it a greater need for risk and shareholder management as the number of companies investing could swell.
Under Title III, individuals making under $200,000 a year in income or possessing a net worth less than $1 million, excluding the primary residence, will be granted the opportunity to invest in startup companies for the first time in eighty years.
KoreConX will be providing the comprehensive infrastructure and ecosystem for companies to help manage their business whilst ensuring proper governance and transparency. Companies utilizing the KoreConX platform can also organize and share their respective information with portal operators via a single point of entry, allowing them to grapple and manage their equity without leaving the platform.
According to Oscar A Jofre, Founder, President/CEO of KoreConX, in a recent statement on the launch, “The equity crowdfunding process is broken and needs a radical overhaul to make it more accessible to organizations of all sizes.”
“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.”
