Archives: KoreConX Product News

TORONTO, ON–(Marketwired – May 19, 2016) – Equity Crowdfunding has made early-stage investment into growing companies accessible to ordinary investors, and now KoreConX has made it even easier. Investors will be able to use VISA or MasterCard to help fund innovative companies pursuing equity crowdfunding.

Canada is the first country in the world to offer equity crowdfunding investment via VISA or MasterCard, and KoreConX is the only system offering this service to equity and debt portals, so that Canadian companies can grow. The key to KoreConX is compliance, making sure all stakeholders have access to a seamless, trusted system to process this form of payment.

“KoreConX is built to make it easier for companies and equity & debt portals to access capital, and in order to achieve that goal, we’ve worked to unite all of the tools, services, and expertise that companies need to facilitate the process. The ability to allow credit card payment with VISA or MasterCard is the natural evolution,” said Manuj Grover, Director Business Development Canada.

Enabling multiple forms of payment is essential to truly democratizing investment in Canada, since it allows investors to take advantage of opportunities they might not otherwise be able to. KoreConX is working to keep companies compliant and investors protected, by safeguarding the checks and balances of payment.

Why Companies Need KoreConX

The integrated tools and services platform, available at www.koreconx.com, saves companies time and helps reduce legal fees by having all the required corporate documents proactively organized, while allowing organizations to efficiently manage corporate records. KoreConX makes onboarding and dealflow screening for equity crowdfunding portals much easier while ensuring issuers are prepared for due diligence, reporting regularly and managing shareholders properly.

Why Equity Portals Need KoreConX

Portals are responsible for conducting due diligence on each company that wants to list on their portal. Doing this to the highest standards is where they get the edge and the reputation they need to succeed. This is a major undertaking, and time consuming when companies come unprepared and in large numbers. Portals serve the company and the investor, and protect the best interests of both with good due diligence. The investor will remain with the portal long after the company has raised its money, therefore the portal operators want to make sure their investors are being well taken care of by the companies they have just helped in raising their capital. We help save equity crowdfunding portals time, increase deal flow, and make regulatory compliance easy.

What KoreConX Provides

KoreConX provides the infrastructure and eco-system for companies to efficiently manage their business while maintaining proper governance, transparency and compliance. The highly secure platform provides a suite of tools and services that centralizes and streamlines governance functions, ensuring that corporate information is always up to date while helping companies from start to finish during the process of Pre-During-Post regulated crowdfunding transactions.

Companies can use the KoreConX platform to organize and share their company information with portal operators, through a single point of entry, allowing them to comprehensively manage their equity raise without leaving the platform. Once the capital raising round is complete, KoreConX helps companies manage and communicate with their shareholders, practicing good governance as they grow.

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.

TORONTO, ON–(Marketwired – May 03, 2016) – KoreConX and iDisclose are partnering to make disclosure easier for companies seeking funding and their stakeholders. Companies can now use the KoreConX system to “make their own counsel” according to iDisclose, and save thousands in fees.

KoreConX and iDisclose are working together to minimize the cost and the burden of raising capital, so companies don’t spend all their money raising money.

iDisclose is an online application that helps you prepare the legal documents you need to crowdfund your company. Like Turbo Tax, you simply fill out an adaptive questionnaire and iDisclose builds the legal document. After a quick legal review (which iDisclose or your own attorney can provide), you can simply click “file now” to file the documents with the SEC and begin raising money. iDisclose helps you raise money for a fraction of the time and cost of hiring and attorney, so you can get back to your business. Check them out at iDisclose.com.

iDisclose founders Georgia Quinn and Douglas Ellenoff are recognized as experts in compliance and equity crowdfunding, and KoreConX is pleased to be partnered with the iDisclose thought leaders to make compliance and due diligence both easier and more rigorous, allowing companies to complete a risk factor analysis, full Private Placement Memorandum, or Title III Crowdfunding Form C using the KoreConX platform.

“We founded iDisclose with the goal of reducing legal fees and the cost of compliance for entrepreneurs and companies, and empowering them. Our partnership with KoreConX helps further this goal by making the process of preparing to raise money seamless and easier for companies,” said Georgia Quinn.

“We’re working to tie together all of the members of the equity crowdfunding ecosystem to ensure that companies can access capital with ease and at low cost, and our partnership with Fintech Legal industry leader iDisclose means that companies can complete the legal documents required with no pain,” said Oscar Jofre, KoreConX founder, President, and CEO.

About iDisclose

With the passage of the JOBS Act and the many new avenues for accessing capital, such as crowdfunding (including Title III crowdfunding) and other online platforms, disclosure is more important than ever. iDisclose helps protect the company raising money, and those assisting with the offering, against investor suits and SEC actions and provides the necessary information to investors. iDisclose allows business owners to “make their own counsel”, saving them thousands of dollars in fees as they draft their own, highly-accurate and comprehensive PPM and Form C documents in collaboration with their own team and attorney.

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.

TORONTO, ON–(Marketwired – February 09, 2016) – KoreConX is primed to make compliance much  easier for Exempt Market Dealers in Canada. Today KoreConX announces the launch of the  Chief Compliance Officer (CCO) Module.

The CCO Module

Exempt Market Dealers (EMD) have not had a solution to assist them with due diligence, KYP, KYC, suitability, and escrow until today.

“As a former member of the Ontario Securities Commission, I saw first hand how EMDs lacked the tools that they needed to help with compliance. Today I’ve been helping many EMDs to stay compliant, and I see this as game changing, finally bringing EMDs into this century,” said Jonathan Heymann, Director of Compliance and Registration at KoreConX.

The CCO Module brings automation to the EMD process for KYP (Know Your Product), due diligence, KYC (Know Your Client), suitability, and escrow to meet EMD compliance requirements with local provincial regulators. The CCO Module is ideal for EMDs that operate online Regulated Crowdfunding portals for debt or equity, or for traditional EMDs who simply want a more efficient way of dealing with their compliance requirements.

The exempt market is $150B and growing, and with the new exemptions that have recently come into effect such is the OM in Ontario, it’s poised for change and for growth. EMDs need tools like the CCO Module to ensure that their business is staying compliant, and that they’re well adapted to the changing market.

With the emergence of EMDs launching regulated crowdfunding portals it’s now become increasingly important to make sure that not only do you automate the front lines of your business, but the back office as well to meet the regulatory compliance requirements.

“Our goal at KoreConX is to bring a seamless solution to market to help all stakeholders and EMDs that are part of this ecosystem that companies rely on to raise capital. We have now made it easier for them to work together, and for EMDs to meet their compliance requirements,” said Manuj Grover, Director Business Development Canada.

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 ecosystem 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.

TORONTO, ON–(Marketwired – February 02, 2016) – KoreConX is disrupting equity crowdfunding once again, by adding a “Deal Room” to the KoreConX platform. This all-in-one solution helps companies navigate the process of raising equity capital, and simplifies shareholder communications to reduce risk.

The Deal Room

Companies will now be able to use KoreConX to apply to any partnered equity or debt crowdfunding portal without even leaving the platform, through the newly launched “Deal Room” feature. In the past, companies beginning the equity or debt crowdfunding process would complete the entire application process, and since 90 percent of those that apply are turned down, would find themselves having to go through the entire process all over again. Now, KoreConX is providing companies with the ability to apply to multiple equity or debt crowdfunding portals through a single point of entry. Since data in KoreConX only ever needs to be entered once, the application process is streamlined and much easier.

The Deal Room allows companies to manage the equity or debt crowdfunding process and communicate with the reviewers of the due diligence information to manage all their raises, manage historical raises and review where they have applied. This becomes very important for the entire company and all key stakeholders as to where the company has been seeking capital and the success of those efforts. Previously, companies would use Excel and Word to manage this process, which can be very ineffective and inefficient.

KoreConX was built with due diligence in mind. When companies access the Deal Room, they will find everything they need to submit their application to equity crowdfunding portals in one place. All information in KoreConX is cross-linked, meaning you only ever have to enter a given piece of information once, and the Deal Room is no different. If you complete an application on one platform, that information is pre-populated the next time. Companies can sign up and access the deal room here.

“For an entrepreneur, the Deal Room it’s where it all begins. This is where most of their time will be spent if they’re in need of capital for their companies. Our goal was to simplify the process and put the company in control of their confidential data,” said Oscar A Jofre, President/CEO KoreConX.

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 ecosystem 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.