CFIRA, CCA and SBE Council Announce Participants for Crowdfunding Technology Showcase and Celebration
WASHINGTON, D.C. (PRWEB) May 12, 2016 -- CrowdFund Intermediary Regulatory Advocates (CFIRA), Crowdfund Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) have announced the list of fintech companies selected to demo at the upcoming Crowdfunding Technology Showcase and Celebration in Washington, D.C.
The event, to be held on Monday, May 16, at 3p.m. in the U.S. Capitol Visitor Center, will mark the implementation of Title III of the Jumpstart our Business Startups (JOBS) Act, which will see private investment markets opened up to all income levels of investors, bringing great benefits to small businesses and retail investors. The purpose of the event is to highlight examples of the innovative technology and service providers that will create better access to capital for small businesses and startups and provide prudent investor protections.
“The crowdfunding provisions of the JOBS Act will have an enormously positive impact on the small business and investment communities, but the effective date is also an opportunity to reflect on the success that has already taken place,” said Douglas S. Ellenoff, an event supporter, panel participant and partner at Ellenoff, Grossman & Schole LLP.
“Approximately $1 billion of online venture and real estate financings have already been processed under the existing regulations, primarily under 506(b) and 506(c). The continued success of online crowdfunding will in part depend on the ability for stakeholders to be properly educated about the new regulatory framework and for all players to act in compliance with it,” said Ellenoff.
Event supporter Oscar A. Jofre, Jr., president and CEO of KoreConX, a free, all-in-one solution that helps companies navigate the process of raising equity capital, said the event is an opportunity to welcome the advent of a more transparent business environment for crowdfunding companies.
“The equity crowdfunding industry has seen steady growth in recent years, as has KoreConX. What I think will have the largest impact is the impending launch of Title III. Crowd diligence, as Jason Best, co-founder of Crowdfund Capital Advisors, put it, is about to begin, and transparency is essential for that. KoreConX makes it easy,” said Jofre.
The companies and organizations, representing the five sectors of the crowdfunding ecosystem that will showcase at the D.C. Demo Day portion of the event are:
Crowdfunding Platform and Secondary Markets
• SeedInvest
• StartEngine
• North Capital
• Offerboard
• Venture.co
• WealthForge
• Crowdfunder
• CrudeFunders
• TruCrowd
• NextSeed
Trust and Transparency Tools
• Accredify
• EarlyIQ
• KoreConX
• Angelspan
• iDisclose
• Equidam
Data and Analytics Services
• FivePlusTrax
• Crowdnetic
• Startifund
Money Transfer/Blockchain Solutions
• FundAmerica
• CashRun
White Space Fintech Innovation
• CrowdfundCPA
• CrowdfundingCRM
• CFIRA
• CFPA
• IAEOU
• Venture Hive
• Weekend Angel
• Assure.li
• Crowdengine
• NEFT
In addition to the demonstrations, attendees will hear from an expert panel discussing how technology can be used to mitigate risk in the new capital markets and network with stakeholders including from the relevant regulatory bodies, White House and U.S. Congress.
Media practitioners are warmly invited to attend. For more information or to arrange an interview ahead of or during the event, please contact Marilyn(at)leverage-pr(dot)com.
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About Crowdfund Intermediary Regulatory Advocates (CFIRA)
Crowdfund Intermediary Regulatory Advocates (CFIRA) was established following the signing of the Jumpstart Our Business Startups (JOBS) Act and formed by the crowdfunding industry’s leading platforms, experts and supporters. The group works with the Securities & Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other affected governmental and quasi-governmental entities to help establish industry standards and best practices. For more information, visit http://www.CFIRA.org.
About Crowdfund Capital Advisors (CCA)
Crowdfund Capital Advisors is a global crowdfunding consulting and advisory firm founded by Jason Best and Sherwood Neiss, the leaders of the debt and equity crowdfunding movement. Best and Neiss created the proposed regulatory framework that became the crowdfunding language in the USA JOBS Act. CCA provides comprehensive advisory and investment solutions for both the public and private sector to 1) create balanced crowdfunding legislation/regulation with governments and regulators 2) advise innovators as they build the global fintech infrastructure required for the new private capital markets 3) invest in companies building that global fintech infrastructure. CCA has worked in 37 countries with professional investors, crowdfunding platforms and ecosystem services, financial institutions, governments and regulators. CCA is the author of the World Bank Report, Crowdfunding’s Potential for the Developing World, the top selling Amazon book on Investment based crowdfunding and creators of the online education series Crowdfunomics and Success with Crowdfunding. For more information, please visit: http://www.crowdfundcapitaladvisors.com.
About Small Business & Entrepreneurship Council
The Small Business & Entrepreneurship Council (SBE Council) is a nonprofit, nonpartisan organization dedicated to protecting small business and promoting entrepreneurship. SBE Council focuses on strengthening the ecosystem related to policy, educational and training content, access to capital and economic opportunity. For nearly twenty-four years, SBE Council has helped to advance policies and a broad range of initiatives for small businesses and entrepreneurs both in the U.S. and across the world. For more information, visit: http://www.sbecouncil.org.
Aleks Vickovich, Leverage PR, http://www.leverage-pr.com, +1 (512) 502-5833, [email protected]
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