Nuvei Corporation, a prominent Canadian FinTech company, and KoreConX, a leading infrastructure technology platform for private company investments, have announced a strategic partnership.
This collaboration aims to democratise private company investments, allowing individuals to invest alongside institutions safely, securely, and in compliance with SEC regulations.
Through this partnership, private businesses connected to KoreConX’s infrastructure platform can accept SEC-compliant investments, starting from as low as $50, via card payments and account-to-account transactions. Nuvei’s international reach ensures that these businesses can connect with potential retail investors across the globe.
The move has come as the private company investment market has experienced exponential growth since the introduction of the JOBS Act in 2012. This legislation eased capital-raising requirements for private businesses, leading to a surge in the industry’s market cap. KoreConX is at the forefront, ensuring full compliance with SEC regulations, offering a trusted mechanism for secure and compliant investing.
KoreConX CEO and co-founder Oscar A. Jofre said, “KoreConX is democratising investment in private companies, enabling individuals to invest alongside institutions safely, securely, and compliantly for the first time. In 2012 this wasn’t possible at all; today the market cap for this industry is billions of dollars and still rapidly accelerating. But trust is everything, and KoreConX is leading the way in offering a mechanism for investing that is compliant with SEC regulations.
“We needed a payments partner with capabilities that extend beyond our requirements from a technology, reach, and customer services standpoint. It was also critical to find a payments partner with a deep understanding of our business, and that could supplement that level of trust and comfort in the eyes of investors that underpin our platform. We’re delighted to have found a partner in Nuvei that exceeded our expectations across all of these important mandates,” he continued
Nuvei Chair and CEO Philip Fayer added: “We’re excited to partner with KoreConX as it reshapes the investing landscape for private businesses. Facilitating SEC-compliant investments for entrepreneurs and private businesses is a game-changer for democratizing investing.”
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