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FundPaaS, Inc. is the most recent crowdfunding portal to receive regulatory approval. Operating under the name of CustVestor, the company is now approved to list debt and equity securities under Reg CF – one of 22 portals that are authorized to the new exemption created by the JOBS Act of 2012. Read more
The SF Vault, a top collaborative workspace and innovation hub in San Francisco has joined forces with FinTech Portfolio, a group of FinTech entrepreneurs building companies from scratch; to launch FinTech Plex and foster FinTech innovation for both startups and financial institutions.
“A recent article in Institutional Investor pointed out the particular importance of collaboration for getting fintech startups and corporate initiatives off the ground. We’re extremely pleased to work with FinTech Portfolio to develop a new laboratory for fintech innovation.” – Kevin Smith, Founder of The SF Vault.
Alongside yesterday’s SEC’s 3 to 1 vote to approve equity crowdfunding under Title III of the JOBS Act, FundPaaS has unveiled a new product called Wisdom, an application that is said to power any crowdfunding portal or broker dealer seeking to raise capital for issuers online. According to FundPaas, Wisdom is short for “Wisdom Of The Crowd”.
SAN FRANCISCO, CA–(Marketwired – September 22, 2015) – FundPaaS, a San Francisco FinTech company started by a group of Financial Technology Entrepreneurs, Silicon Valley Engineers and Legal Experts, has just launched the “Lend Me” button, a simple web plug-in that can help any business raise capital from its own customers at the point of sale on and offline.
With 28 million American businesses now allowed to raise capital from the crowd, FundPaaS‘ CEO wants to make that process as easy as possible.
Amilcar Chavarria understands the challenges entrepreneurs face because he is one at heart. He started his first business selling water purification systems while in college. Later he also marketed real estate and eye wear to clients in the United States and Latin America.
FundPaaS, a startup funding platform as a service provider, has launched a FinTech industry first Investor Onboarding API. The API offers programmatic access to investor information such as ID verification, investor accreditation, anti-money laundering checks, and issuer bad actor due diligence. In addition to launching its own investor information API, the FundPaaS platform pulls from the most widely used APIs in the the crowdfunding industry. The combination of the two API strategies helps position FundPaaS as a single interface to connect investors and crowdfunding providers and users.