Cleveland, OH (PRWEB) April 24, 2014
Crowdentials, the leading investor verification, Regulation D and equity crowdfunding compliance software provider, announced its partnership with Venture Capital Firm NIN Ventures today.
The partnership comes in response to recent legislative changes which require issuers to verify the accreditation status of their investors if the offerings is made via general solicitation and general advertising, permitted by the JOBS Act and Rule 506(c) under Regulation D of the US Securities Act.
“We plan to make the accreditation process simple and confidential for our investors so they do not have to worry about disclosing their income, asset, and other personal documents to everyone,” said Nin Desai, CEO of NIN Ventures.
The Crowdentials Investor Verification tool allows for quick and easy verification of an investor’s accreditation status in a seamless, cost-effective way while maintaining investor security. The company’s first to market solution uses the principles-based verification preferred by investors and promoted by the Angel Capital Association.
Crowdentials developed a program that goes above and beyond the minimum “reasonable steps” outlined by regulators. “As an entrepreneur, I recognized the inherent obstacles in getting attention and funding for new ventures. We don’t believe that platforms and issuers should be weighed down by legislation that negatively impact the deal flow. Crowdentials relieves the burdensome verification process to give investment platforms and businesses peace of mind in a highly scrutinized regulatory environment,” says Richard Rodman, co-founder and CEO of Crowdentials.
Nin Desai and Richard Rodman will host a webinar at 10:00 AM CST on May 7th to discuss NIN Ventures’ next offering as well as Crowdentials’ Investor Verification solution. Listeners can tune in at https://join.me/303-983-819.
Note: If your computer does not have audio capabilities, Dial in by Phone: +18.104.22.1686 and enter Meeting Code: 303-983-819# You will need to download the Join.me App, if using an iPad or other mobile device.
Crowdentials provides portals, entrepreneurs and investors with compliance solutions to easily navigate and comply with the JOBS Act. They offer streamlined software-as-a-service (SaaS) applications that are as intuitive as they are scalable. Crowdentials’ highly agile in-house team allows them to stay flexible and service customers to the highest standards by providing everything from implementation to ongoing maintenance and troubleshooting.
The Investor Verification solution is a state of the art application developed to ease the compliance headache caused by verifying an investor's accreditation. With bank-level security features and a focus on investor privacy, it is the best in class solution to a growing problem.
About NIN Ventures
NIN Ventures (or NIN.VC) is a first of its kind technology venture capital fund to be raised via World Wide Web. NIN.VC will invest in early / growth stage financial services, education software, internet and digital media, mobile communication, cloud computing, 3D printing, and other path breaking companies. The fund will invest $1,000,000 - $5,000,000 in early / growth stage companies as a part of a syndicate or lead. NIN Venture Technology (QP) Fund is now LIVE and OPEN for investments. NIN.VC is a unique web-based opportunity for "accredited investors" to invest in a venture capital fund with a minimum amount of $100,000.