InvestReady Announces Live Beta for Instant Accredited Investor Verification for Income & Verification Credit Promotion for the Month of October
The Launch of InvestReady Instant Income™ will allow for unprecedented speed in 506c accreditation compliance.
Los Angeles, CA, October 8, 2019 — InvestReady, an industry leading financial technology firm that provides compliance services for both issuers and investors in the private equity market, is announcing today a live beta of its InvestReady Instant Income™ service, allowing qualifying investors to be verified as accredited within minutes. This revolutionary new service is made possible as a result of a recently formed exclusive strategic partnership that utilizes the new tax return transcript API by Verix.
Verix’s groundbreaking API allows users to confirm their identity and authorize their IRS tax transcript data to be provided directly to InvestReady, typically within 30 seconds or less of submission. InvestReady’s system uses this data to make a decision on the user’s qualifications instantly, allowing for near real-time evaluations and approval of accredited status.
“The ability to verify users within seconds at scale is a huge step forward for this industry and will open the doors for more issuers to utilize the 506c exemption given that this eliminates the huge barrier of compliance time delays for both issuers and investors.” Adrian E. Alvarez — CEO / Co-Founder, InvestReady
“Our Partnership with InvestReady is a great step forward in our mission to build the future of financial identity verification. Verix offers effectively 100% VOI coverage in the US, real-time data, and deep detail across all income types (W-2, 1099, K-1, and more). InvestReady’s focus on building the best technology offering in their industry fits perfectly with our long term goals and we’re very excited to help power their instant income service.” — Ben Prawdzik — CEO / Co-Founder, Verix
As part of the InvestReady Instant Income rollout, InvestReady is also offering an early adopters promotion just in time for the CIS. For a limited time, InvestReady is offering $5 off of pre-paid verification credits for both existing and new customers for the month of October 2019*. More specifically, the promotion allows current and new issuers the ability to pre-purchase verification credits for as low as $14.90 per certification, establishing the industry’s lowest price for accreditation services.
The promotion lasts through October 31st, 2019 and is limited to a total of 5,000 pre-paid credits at promotional rate. Since the announcement of the partnership promotion this week, more than 50% of the promotional credits have already been purchased by existing partners familiar with the program.
Many of InvestReady’s existing clients, which include Mercedes-Benz Financial Services, Securitize, KoreConX, LendingHome, AlphaFlow, CrowdEngine, Vertalo, and PrimeTrust, are excited about this new paradigm shift for the industry.
“InvestReady’s continuous focus on improving its product enhances the experience we can offer our First Class Demand Notes investors by transforming a lengthy validation process into a fast and 100% compliant accredited investor verification.” — Chad Bowles — Manager of Demand Notes and Lockbox, Mercedes-Benz Financial Services
“The new InvestReady Instant Income service will be an impactful upgrade to the investment process, and one that aligns perfectly with the goal of digital securities because the experience will now be significantly better for both investors and issuers,” — Jorge Serna—VP of Product Strategy, Securitize
“As a RIA with a fiduciary duty to always act in the best interest of clients, AlphaFlow relies on InvestReady to quickly approve both new and existing investor accreditation requests. We are thrilled about the launch of InvestReady Instant, particularly for investors with time-sensitive investment needs.” — Aleese Peterson — Director of Client Relations, AlphaFlow
“Instant Income verification is something that could benefit all our issuers and portals, this is a big step ahead for automating investor accreditation verification.” — Jim Borzilleri — President, CrowdEngine
“InvestReady already enables globaliD users to quickly and easily verify their accredited investor status. With their latest feature - instant income verification - anyone using globaliD can provide proof of investor status within minutes rather than days. Our partnership with InvestReady demonstrates the real-world benefits of self-sovereign identity verification.” — Vadim Slavin — Director, Verifications Platform, globaliD
“As we enter this new Era of on-demand digital real estate investing, the demand for better automation with increased speed to market capabilities is not only desired but one of necessity. InvestReady’s Instant Income service is another big upgrade for the industry in general and will directly improve, not to mention simplify, the investor experience. The industry now has an end-to-end turn-key accreditation service that provides the speed we need, the compliance we require, and low per unit costs. It’s the ultimate trifecta.” — Jimmy Bingham SVP, Business Development — PrimeTrust
To inquire about a credit purchase or see a real-time demo of the InvestReady Instant Income service , please email us at sales@investready.com.
Program Limitations:*Minimum 250 credit purchase
If you are attending or exhibiting at the Crypto Invest Summit in Los Angeles next week on October 15th and 16th, look out for InvestReady CEO, Adrian Alvarez and his team as they will be giving out free investor accreditations and demoing the instant income service at the conference. Follow us on Twitter — @GetInvestReady– and #InvestReadyInstant to see where he is and redeem your free credit.
For more information on InvestReady, visit https://www.investready.com/, or stay updated with InvestReady’s communications:
Twitter — https://twitter.com/getinvestready
LinkedIn — https://www.linkedin.com/company/investready/about/
Medium — https://medium.com/@investready
About InvestReady:
Founded in 2013, InvestReady is the safest and most reliable investor verification and accreditation service in the world. We understand the complexity and sensitivity of requiring investors to verify and maintain their accredited status on an ongoing basis. Because we focus solely on this part of the investor accreditation and compliance supply chain, the result of our years of experience is a completely compliant, scalable, automated, and user-focused product that issuers and investors can rely on.
InvestReady verifies accredited investor status for 506c-regulated private equity issuers, and verifies funds-available status of non-accredited investors for crowdfunding portals and real estate investment platforms who need to remain compliant. With multiple APIs for customized integration options, InvestReady is an industry leading financial technology firm that provides both non-accredited and accredited investors with a variety of the tools to make private equity investing easy, secure, scalable, and flexible across different crowdfunding portals www.investready.com
About Verix:
Founded in 2018, Verix is building the future of financial identity verification. The company is starting with powering instant income verification using tax returns. Verix’s vision is to expand the ways to verify financial identity and create a new modern standard for credit reporting. Product details are available on Verix’s developer hub. Co-founder Ben Prawdzik was previously a software private equity investor at Bain Capital, and co-founder Shaan Patel has deep expertise in API products and developer tooling from senior engineering roles at Box and Gusto. Verix has received early support from Pear VC, Index Ventures, StartX, and Stanford. Visit www.verixapi.com.
SOURCE InvestReady & Verix
Related Links
https://www.investready.com
http://www.verixapi.com
