Soon it will be easier than ever for entrepreneurs to find individuals who are ready, willing, and able to invest in startups
Miami, Florida (PRWEB) May 02, 2014
Accredify.co has announced at the Crowdfunding Conference in Atlanta that 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.
“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.