On Thursday, KoreConX announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing China’s accredited investor base and companies in need of funding.
The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework, technology deployment requirements, and operations and support.President and CEO of KoreConX, Oscar Jofre, stated:
“We’re launching this service because we understand that technologically-speaking, we’re extremely interconnected, and businesses can mobilize globally very early on, but staying compliant with different regional regulations is no easy task. Now, investment and raising capital can be truly borderless.”
The new program was announced just days after KoreConX revealed it is teaming up with Canadian ID verification company, Trulioo, to help reduce money laundering and fraud on equity crowdfunding platforms. Jofre previously explained:
“Building strong relationships with industry leaders like Trulioo is a key component of KoreConX’s mandate. We’re working together to integrate the tools and expertise companies need to stay compliant, transparent, and reduce risk.”
KoreConX recently announced that it is helping various Canadian equity and debt crowdfunding platforms accept new investments by credit card. The company revealed that Canada is the first country in the world to offer equity crowdfunding investment via VISA or MasterCard, and it is currently the only system offering this service to equity and debt portals, so that Canadian brands can grow.
Manuj Grover, KoreConX’s director of business development in Canada, noted at the time:
“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.”
