The First Online Broker-Vetted Crowdfunding Marketplace

Crowdfunding Beat News Wire,

SAN FRANCISCOFeb. 25, 2015 /PRNewswire/ — North Capital Investment Technology (NCIT) announced today the launch of the 99Funding marketplace, the first online crowdfunding platform for broker-vetted, syndicated private offerings. All deals posted on the platform are vetted by an experienced team of investment professionals and offered through North Capital Private Securities(NCPS), a registered broker-dealer focused on the origination and distribution of private placements. NCPS is a wholly-owned subsidiary of NCIT.

Jim Dowd, Managing Director at NCPS, said, “We are pioneering the democratization of venture capital, making start-up investing more accessible than ever before.” With as little as $5,000, qualified investors can participate in early-stage financing deals that traditionally have been reserved for angel investors and venture capitalists. Investors pay no fees to join the marketplace or invest in an offering. All fees and expenses are paid by the issuer.

NCPS is uniquely pursuing crowdfunding syndication relationships with other broker-dealers, betting that aggregating deals from multiple sources will prove attractive to investors, an approach that Dowd said has been validated in public investment markets. “Most private funding platforms operate in silos, but investors consistently prefer open architecture, more choice.”

99-Funding-200x55

99Funding was designed to be an open marketplace that will give customers access to a broad array of vetted opportunities, originated through a number of different firms. Craig Goos, Managing Director of NCPS, said, “We strive to create value for investors — offering access to markets that have traditionally been off-limits, mitigating risk through due diligence, facilitating diversification through lower investment minimums, and reducing costs through innovation and technology.”

Dowd said his team’s decades of investment experience and expertise in private markets will help the 99Funding platform gain traction with investors. “General solicitation is creating opportunity for investors, but risk has also increased dramatically. The value of professional vetting and due diligence has never been greater.”

99Funding was built utilizing NCIT’s proprietary TransactAPI (TAPI) codebase, which was developed to automate the offering, transaction, and settlement of private securities transactions. TAPI enables an investor to securely create an account, undergo automated KYC, AML, and suitability reviews, digitally sign official deal documents, and electronically transfer funds to escrow with one brief visit to the 99Funding platform. In addition to providing a seamless user experience, TAPI offers an electronic audit trail to facilitate FINRA and SEC compliance. Custom reporting is available to all broker-dealers who utilize the 99Funding platform.

About North Capital Private Securities North Capital Private Securities (NCPS) is a registered broker-dealer launched in 2011 to originate and distribute private funds and the securities of private companies. NCPS serves as the principal broker-dealer for over 20 online funding portals, including SeedInvest, ProHatch, MassCatalyst, GenYrator, and Vivify. North Capital Investment Technology (NCIT) is the parent company of NCPS, formed in 2014 to provide technology for the financial services industry to facilitate the offering, transaction, and settlement of private placements. NCPS, through its network of affiliates, and NCIT, through its proprietary funding platforms and technology, aim to transform the private capital markets by expanding investors’ access to deals and issuers’ access to capital. NCIT operates 99Funding, REITless, and Accredited.AM platforms, and the TAPI SaaS solution. To learn more about NCPS and NCIT, visit:https://www.norcapsecurities.com.

Tags: , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

Entrepreneur3 Crowdfunding Tips Every Company Forgets From a Brand That Raised $800000 and Got AcquiredEntrepreneurCrowdfunding takes a lot of planning, whether you're gearing up for a launch, a ship date or thinking about the next source of funding you'll pursue. But it [...]

The GuardianWorboys' victims launch crowdfunding appeal against releaseThe GuardianThe women are aiming to raise £10,000 to pay for a judicial review that would initially force the Parole Board to reveal its reasons for releasing the 60-year-old, who has served 10 years in jail. [...]

ForbesVeteran 'Dota 2' Caster TobiWan Launches Crypto Crowdfunding ...ForbesVeteran Dota 2 caster Toby "TobiWan" Dawson, who has casted the final at the biggest esports event ever, is set to launch a new cryptocurrency for a platform that will allow content creator [...]

Entrepreneur12 Key Strategies to a Successful Crowdfunding CampaignEntrepreneurI've Raised Close to $2 Million in Crowdfunding Campaigns -- Here Are My Secrets · Next Article. 12 Key Strategies to a Successful Crowdfunding Campaign. Image credit: Shutterstock · Aj Agrawal • Contr [...]

Boing BoingCrowdfunding for medical costs is turning health-care into a reality-TV competitionBoing BoingIt's a sad -- if gripping -- document of the wildly inefficient, friction-hot mess of medical care in the US, where one-fifth of household spending is lavished on healthcare, [...]

EntrepreneurLive at CES: Indiegogo CEO Predicts What's Next for CrowdfundingEntrepreneurAt CES, hundreds of companies of varying sizes and stages can attribute crowdfunding platforms to their funding, product design and success. One of those being Indiegogo. Founded in 2007, the [...]

LifesiteFacebook blocks crowdfunding site for new movie on how abortion ...Lifesite'Given Facebook's claims to be a neutral, open forum...I regard this as scandalous and I call on Facebook to cease and desist.'and more » [...]

CT PostBridgeport schools considering crowd-funding policy - Connecticut ...CT PostThe Harding High School football team received new helmets for the upcoming season, in Bridgeport, Conn. Aug. 3, 2017. Photo: Ned Gerard / Hearst Connecticut Media. Buy this photo. Image 2 of 4. Buy pho [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |