CLEVELAND, June 14, 2013—Richard Rodman is the CEO of Crowdentials, a startup that is launching regulatory compliance software to ensure that equity crowdfunding participants comply with the soon to-be-published Securities and Exchange Commission’s (SEC) regulations. Rodman, who spoke about crowdfunding in February at the Everywhereelse.co Startup Conference in Memphis, founded Crowdentials with Chief Operating Officer Rohan Kusre and Chief Technology Officer Max Heckel. The three came up with the idea for Crowdentials in April and were recently accepted into the Cleveland-based FlashStarts’ startup accelerator program. While the SEC is still finalizing its regulations, the Crowdentials technology is ready to go. “Our compliance solution is all variable-driven and will adapt to any regulations put forth,” Rodman said. Once the regulations are officially complete, the entrepreneur plans to launch “within minutes.” In the meantime, Crowdentials is preparing a collection of multi-media resources and guides for both crowdfunding rookies and experts. In addition to teaching the basics, the comprehensive suite will cover the nuances, regulations, risks and opportunities associated with equity crowdfunding. Crowdentials’ technology ensures that investors, businesses and platforms are following the SEC’s rules. According to Rodman, “Crowdentials is the vital link between the SEC regulations and all crowdfunding parties”. Individuals who gain compliancy through Crowdentials can trust that they are abiding by the regulations, and startups can feel confident that they are raising money through compliant individuals. Rodman believes the SEC’s regulations are meant to protect the new crowdfunding population from fraud and financial distress. “That’s why compliance is so important,” the entrepreneur said. “When everyone is aware of their level of compliance, we can make more educated investment decisions.”
Crowdentials, a FlashStarts accelerator company, enables businesses, investors and crowdfunding platforms to comply with the Securities and Exchange Commission’s rules on equity crowdfunding. The regulatory compliance software is designed to ensure all parties can easily certify compliance and safely crowdfund. Due to the company’s highly adaptable process, crowdfunding participants will be able to use the regulatory compliance software as soon as the SEC’s regulations are finalized. For more information about Crowdentials, visit www.crowdentials.com.
For more information, please contact: