AngelList continues to build out its ecosystem. Originally, AngelList started as a path for private firms to raise capital online from qualified investors. Over time, more features and functionality have been added, driving more value and making the platform stickier for its customers.
Not too long ago, AngelList revealed a new feature called “Raise” that enabled online capital formation as an automated service – effectively securities crowdfunding for accredited investors.
Today, AngelList is sharing that “Banking” is now integrated into the platform so users can gain free access to ACH/Wire Transfers for raising capital as well as an option for paying employees. If you want to park some money, currently, “select customer” can generate a 4.233% APY.
AngelList goes on to explain that AngelList Build is a suite of products used by startups to reduce friction and save money.
AngelList Banking + Raise + Equity
Banking is integrated into Equity and Raise, with free ACH/wire transfers for raising capital and easy option exercise payments for employees.
Select customers earn 4.33% APY. pic.twitter.com/uzIEcX8kz3
— AngelList (@AngelList) February 27, 2023
AngelList divides things up by Equity (manage your cap table), Raise, Banking, and People.
As of the end of 2022, AngelList reports that it has facilitated around $3 billion in capital raised, for 8317 startups, via funds and special purpose vehicles (SPVs) – making it one of the largest online capital formation platforms for private companies in the world.
