KoreConX and iDisclose Partner to Make It Easier for Companies Raising Capital
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.
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.
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.