KoreConX and AlgoValue Partner to Arm Companies and Investors With Accurate Early-Stage Valuation for Title III Raises#May 16, 2016

TORONTO, ON–(Marketwired – May 16, 2016) – KoreConX is on a mission to bring the entire ecosystem of tools, services, and supporters that companies need to grow, thrive, and raise capital together in a single platform, and has partnered with Algovalue, founded with the vision to simplify valuation complexities to help achieve this. As companies begin to navigate the process of raising capital through Title III of the JOBS Act, ensuring each step in the process is as simple as possible is more important than ever.

“AlgoValue is partnering with KoreConX to make it easier for companies to be transparent with their shareholders, and raise capital at the same time. Companies will now be able to use KoreConX to access AlgoValue’s services, arming them with accurate valuation information to kick off their capital raising rounds,” said Raphael Meyara, Co-Founder and CEO of AlgoValue.

Raphael and Co-founder Tsachi Hageg founded AlgoValue after spending years in the PricewaterhouseCoopers valuation department, where they recognized the need to simplify and automate the valuation process through technology.

“The equity crowdfunding ecosystem has been fragmented, and we’re working with partners like AlgoValue to bring it all together. Companies accessing capital go through rigorous process preparing for due diligence, and investors and equity crowdfunding platforms require so much information. If not gathered all in one place, companies run the risk of missing a key component. Our system eliminates that risk,” said Oscar Jofre, President and CEO of KoreConX.

KoreConX and AlgoValue are working together to make information about companies easier to access, more understandable, and more transparent.

How to Get Started

Initially, companies go through a simple, one time setup. This provides a perfect starting point for companies seeking to raise capital via capital markets or crowdfunding. This single point of entry allows for easy application to several different portals, as companies input data once and the information is then in the KoreConX system. KoreConX has integrated the collective skill sets of a wide range of partners, including iDisclose, EarlyIQ, AlgoValue, CrowdCheck, and others into the platform.

KoreConX is built with due diligence and current compliance requirements in mind, making reporting easy with a secure offsite data center presence that cross-links information, and ensures that the right people have access to all the right information when they need it. KoreConX is certified by VeriSign. With KoreConX, all parties will be able to see and edit documents in real time, making version control easier and reducing legal fees. KoreConX is perfect for companies that prefer to focus on running their business rather than being distracted by the process of complying with ever-changing regulatory obligations.

Press Assets and Product Images: https://bit.ly/20gExC7

About KoreConX

KoreConX is a free all-in-one solution that helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk. The KoreConX eco-system empowers stakeholders (regulated crowdfunding portals, shareholders, board directors, CEO, CFO, corporate secretary, lawyers, auditors, investor relations, members and 3rd party providers) to manage corporate information from a Single Point of Entry within a secure, hosted application that results in efficient and transparent corporate governance. More information is available at www.koreconx.com.

About AlgoValue

AlgoValue’s SaaS platform provides a suite of efficient, intuitive, accurate and analytical tools which bring instant transparency, as well as real-time decision-support data output for valuating early stage and mature companies as well as their equity securities.

AlgoValue’s solution simplifies calculation complexities, eliminates costly errors resulting from numerous data entries from multiple sources, saves time and money, and improves the way illiquid equity investments are valued and managed.

AlgoValue is used by early stage and mature companies, equity crowdfunding platforms, domestic and international valuation firms, accounting firms, venture capital firms, and law firms.

More information is available at www.algovalue.com