Corl joins Shyft’s partner network

Shyft, the scalable blockchain-based data sharing protocol that handles identity and reputation data has signed a Letter of Understanding with Corl, the transparent platform that leverages data and offers an intuitive way to distribute capital to qualified businesses.

As part of this partnership, Corl would become an active ecosystem participant by using the network as part of its security token and business functions. Corl would use Shyft’s data sharing protocol to ensure regulation and compliance around individual credibility, as well as offering the businesses and individuals they fund the ability to share their Corl Risk Scores with other lenders or investors later on.

“Corl places utmost importance on launching a fully regulatory compliant security token, which is why we find Shyft to be an excellent partner for the excellence we strive for,” said Sam Kawtharani, CEO and co-founder of Corl. “With data security being an ever-growing issue in society today, Shyft’s network will also facilitate trust and confidence among the businesses that apply for funding with us.”

Corl is launching the Corl Token, the world’s first token to represent equity ownership in a company that provides revenue sharing financing to high-potential early-revenue companies.

This partnership will expand Shyft’s well-developed ecosystem in its open and unified framework that allows for the standardization of regulatory compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML).

About Corl Financial Technologies Inc.
Founded in 2016, Corl aims to empower entrepreneurs. Through automation and advanced risk management, Corl injects capital into high-potential businesses that often go unfunded by banks and VCs. Founders get fast, fairly-priced non-dilutive growth capital and are able to grow their business on their own terms. For more information about Corl or to apply for funding, please visit: corl.io.

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