Do You Own A Small Business? Let Ormsby Street Help

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the leading companies in the world of fintech. Ahead of the May 24 gala, meet the innovative companies that will be there.

Who they are:

Ormsby Street, a London-based data provider for small businesses.

Why Ormsby Street was started:

To provide the millions of small businesses out there with solutions to cash-flow issues, through tools such as their CreditHQ product.

What makes Ormsby Street unique in the fintech space:

By offering big data to help small businesses manage their credit and and help address late invoice payment.

What they want users to be remembered for:

Providing simple solutions that allow small businesses to be proactive in managing their cash flow, thus eliminating bad debt.

What drives them to work on their business:

Changing the face of credit management and reducing the huge problem late payments cause to small businesses around the world. They can use tools like CreditHQ to check the financial health of the companies they’re trading with or about to trade with, and educating small business owners to better manage their financial health and cash-flow.

The biggest challenge for Ormsby Street going forward is:

Dealing with rapid expansion. They’re transitioning from a small-scale startup to a company with tens of thousands of users.

What they are looking forward to most about the Benzinga Fintech Awards:

Representing London, one of the world’s preeminent fintech hubs, and seeing what other fintech firms are doing to innovate.

For more information on the 2016 Benzinga Fintech Awards, submitting your company, sponsoring, or attending, click here. You can learn more about Ormsby Street at their website and connect with them via email.

Meet The Middle East’s First Robo-Advisor

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the leading companies in the world of fintech. Ahead of the May 24 gala, meet the innovative companies that will be there.

Who they are:

Finerd, a robo-advisor in the Middle East using the latest technology and research to build portfolios for its customers.

Why Finerd was started:

To provide a better investment management service to those who are restricted by their income, location, and religion.

What makes Finerd unique in the fintech space:

The model exists in other countries, but Finerd is the only provider of such services in the Middle East.

What they want to be remembered for:

For providing honest and technologically advanced investment solutions to their customers.

What drives them to get up every single day and work on their business:

Helping people who are being ripped off by unscrupulous providers.

Their biggest challenge going forward:

Building client trust in a new company.

What the are looking forward to most about the Benzinga Fintech Awards:

Increasing brand awareness among potential clients and investors

You can learn more about Finerd at their website or Android App. For more information on submitting your company to the Benzinga Fintech Awards, sponsoring, or attending the event, click here.

How One Company Is Changing The Company-Investor Relationship

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

Continuing our series, Benzinga presents LOYAL3.

Benzinga: Why did you start your company?

LOYAL3: LOYAL3 was founded on the principle that when a company takes individuals— like employees, customers, fans and partners—and makes them owners, those individuals become dramatically more loyal and valuable to that company. In essence, what LOYAL3 realized was that stock ownership was a revolutionary, underutilized asset that could be leveraged by brands. Based on that insight [LOYAL3] launched a series of products that made it easy for people to buy stock, receive stock as a gift or participate in IPOs.  And a powerful byproduct of this vision was the democratization of the capital markets as it results in more middle class individuals being able to invest and own stock.

Benzinga: What do you think makes your offering unique in the fintech space?

LOYAL3: While there are a lot of companies out there finding creative and new ways to buy and sell stock, we’re not aware of any platform that works directly with companies to use ownership as a brand engagement currency.  We believe the other distinction is that every other brokerage out there commoditizes investing, where we take a more holistic approach. We enable companies to provide IPO access or gift stock to hundreds of thousands of their employees, customers and fans, while also making it possible for new and smaller retail investors to invest as little as $10 in top brands and high-per share price stocks, and pay no transaction fees or commissions.

Benzinga: What’s one thing you want users to remember your company by?

LOYAL3: LOYAL3 is putting real stock ownership and IPO access in the hands of hundreds of thousands of investors, and is providing a tangible way for companies to reinforce affinity with their brand.

Benzinga: What drives you to get up every single day and work on your business?

LOYAL3: While some companies are fortunate enough to disrupt and restructure one industry, LOYAL3 is disrupting two trillion dollar industries—capital markets and marketing, and that’s worth getting up for.

Benzinga: How do you help people make money?

LOYAL3: We help people invest in their future by offering people that never before had the ability to own stock an opportunity to invest and become owners. For example say you only have $10 to invest, and you want to own Apple, Google or Tesla stock. Because LOYAL3 offers partial shares and there are no fees or commissions, we’re the only place where this is possible. We’re also one of the few places where small retail investors can participate in an IPO.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

LOYAL3: We believe that buying stock should be as easy as buying a book on Amazon so we created an intuitive, user-friendly process that someone new to investing would be able to move through with ease.  We also provide free resources, like a calculator that helps investors calculate potential investments.

You can learn more about LOYAL3 by going to their website, connecting with them on Twitter and Facebook, and downloading their app from the iTunes or Google Play stores. For more information on attending the Benzinga Fintech Awards, submitting your company, or voting for the finalists click here.

HedgeSPA Is Trying To Level The Playing Field For Professional Investors

Want to get your company in front of the biggest players in fintech? Check out the 2016 Benzinga Fintech Awards, the industry’s premier awards show and networking gala. Submit your company, become a sponsor, or get your early bird tickets today!

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

Continuing our series, Benzinga presents HedgeSPA

Benzinga: Why did you start your company?

HedgeSPA: HedgeSPA was created to level the playing field for professional investors. Today, there is a strong demand for sophisticated investment analytics, partly to better serve investors and partly to address post-crisis regulations. Often these investment analytics are kept hidden away, call it secret sauces if you wish, by the largest asset managers to defend their effective monopolies.

 

Benzinga: What do you think makes your offering unique in the Fintech space?

HedgeSPA: HedgeSPA is unique in that we offer top-tier quality investment analytics at incredibly affordable prices. Previously, users subscribe to platforms provided by vendors like BlackRock Solutions at minimum seven figures per year, which may simply not sell to any potential competitors. HedgeSPA aims to respond to the exorbitant pricing and exclusivity of other providers, by providing a faster, better and more affordable alternative.

Benzinga: What’s one thing you want users to remember your company by?

HedgeSPA: We want users to remember HedgeSPA for its quality and affordability. For example, the HedgeSPA platform allows users to reports analytics with a statistical confidence interval of 99.93%. Our cloud-based platform will be available to users at a subscription rate, meaning that users can start see the benefits without incurring the up-front cost of a massive integration project.

Benzinga: What drives you to get up every single day and work on your business?

HedgeSPA: To provide professional investors with sophisticated analytics that will allow them to have a fair shot against other industry giants will be both rewarding and gratifying. Having the chance to replace an effective monopoly on the buy side with something else will be a healthy change that will increase market opportunities for all.

Benzinga: How do you help people make money?

HedgeSPA: HedgeSPA helps investors make and save money through asset selection, portfolio rebalancing, decision/execution and reporting. The cloud-based platform uses fourth order analytics to provide users with sophisticated analytics in practically real time. This provides investors with the information they need to make an informed decision about their investments, allowing their portfolios to achieve out-performance never thought possible.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

HedgeSPA: Our platform will help proven analysts and investment professionals harness the power of the Internet and massive computing, to achieve out-performance never thought possible. For instance, rebalancing recommendations that may reduce peak-to-trough drawdown by as much as 75% ahead of a major market storm; or achieving betting ratios of 68%, when typical fundamental managers bet in the 55% to 60% range.

For more information on submitting your company, voting for the finalists, or attending the event, click here. To learn more about HedgeSPA sign up for their newsletter.

Quantcha Is Making Options Trading Easy

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

Continuing our series, Benzinga presents Quantcha, which launched its long-awaited book management tool on Wednesday morning.

Benzinga: Why did you start your company?

Ed Kaim, CEO of Quantcha: I was a retail options investor who needed better tools to understand opportunities and risk. I had a lot of experience building companies in other domains, but saw that FinTech was blowing up and wanted to be in on the action early.

Benzinga: What do you think makes your offering unique in the fintech space?

Ed Kaim: I think options is generally underserved from a tooling perspective. One of the places we’ve invested heavily over the past year has been around portfolio and book management, and that functionality is pretty unique right now. We make it really easy for anyone to model the expected performance of their book over time, as well as how changes they’re considering today would perform relative to it. In addition, we offer suggestions for how you can optimize your book based on a wide variety of goals, such as income generation, trade recovery, delta-neutrality, and more.

Benzinga: What’s one thing you want users to remember your company by?

Ed Kaim: We’re constantly innovating, and our browser-based approach enables us to be really agile when it comes to bringing new functionality to market very quickly.

Benzinga:  Do you offer investors any unique data points that can help their trading/investing decisions?

Ed Kaim: We do a ton of work around implied volatility that helps us craft incredibly precise pricing models and distributions. These are then deeply integrated within every aspect of our tooling so that investors don’t even need to think about them. As a result, it’s always easy to understand how your current view aligns with the market’s expectations so that you know what kind of risk you’re getting into.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

Ed Kaim: Our platform has become incredibly sophisticated over the past year, but we haven’t done a good job promoting or detailing its benefits. We’re in the middle of a major initiative to build out some compelling content that bridges finance theory and its application using our tools.

You can learn more about quantcha at their website, or by emailing them. For more information on submitting your company, voting for the finalists, or attending the Benzinga Fintech Awards, click here.

Vanare Is Changing The Game For Financial Advisers

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

Today we introduce Vanare, a robo advisor changing the financial advisers do business.

Benzinga: What do you think makes your offering unique in the fintech space?

Vanare: We are wealth management technology platform that helps financial firms and their advisors grow by delivering roboadvice and traditional wealth management tools, like trading, CRM, portfolio management, performance reporting, account opening, and billing, among others. Our model is to help advisors service existing investor assets as well as position clients for the intergenerational wealth transfer.

Unlike competitors, we provide a holistic platform that can serve both online and traditional clients in a single modern technology. Our services can be purchased as a bundle or individually.

Benzinga: What’s one thing you want users to remember your company by?

Vanare: If we had to pick 3, it would be the user experience, flexibility and customization, and serving both millennial and high net worth clients together. Our focus on innovation and a high quality user experience is a core part of our company’s DNA. We strive to continue innovating in the space, and in particular explore how emerging technologies like machine learning and social video can enhance the advisor-client relationship.

Benzinga: What drives you to get up every single day and work on your business?

Vanare: There is a $60 trillion intergenerational wealth transfer happening, from a generation that has traditionally relied on an in-person advisor relationship to a generation that expects much more of a technology-augmented experience. Advisors need to understand the millennials and engage with them on their own terms in order to preserve the household relationships that have been the cornerstone of the advisor business model. Our desire to innovate and help the industry survive the tectonic shift in how advice will be delivered is an awesome challenge.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

Vanare: Yes – we leverage the intelligence of our client wealth management firms to offer investors a better asset allocation. Those range from passive beta ETF portfolios, to income models, to social impact investing. We also partner with large asset managers to deliver their intelligence to our institutional clients.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

Vanare: The biggest challenge to online advice is gathering massive market traction and catalyzing change in investor behavior. This implies that B2C companies must build gigantic brands that penetrate the mass market—a prohibitively expensive proposition. Our strategy is to go where our clients already are served by trusted financial institutions, and partner with those advisory firms on scaling their business and helping the client.

Benzinga: What are you looking forward to most about the Benzinga Fintech Awards?

Vanare: We are excited to meet the many innovative companies at the awards and find partnership and customer opportunities. We believe Vanare is THE leader in wealth management technology, and want to highlight how a smart, focused and creative company can change the way an industry works.

You can connect with Vanare at their website or on Twitter.For more information on submitting your company, voting for the finalists, or attending the 2016 Benzinga Fintech Awards, click here.

You Can Now Crowdfund Your Research On A Stock

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech.

For more information on submitting your company, voting for the finalists, or attending the May 24 gala, click here.

Doing due diligence on a stock can be difficult and time consuming. It can also be very expensive. That’s what Joe McCann is trying to change.

He started Slingshot Insights after realizing that most investors do not have access to the kind of research that his firm was afforded.

“We sought to create a solution that would bring the same access to expert interviews, management teams, and customer surveys not just to professionals, but every investor,” McCann said. “Once we had the insight that by crowdfunding the cost of these resources we could drastically reduce the per person cost, we got started on building the company.”

In anticipation of the 2016 Benzinga Fintech Awards, Benzinga got the scoop on Slingshot Insights and how they aim to revolutionize retail investing.

Benzinga: What do you think makes you unique in the fintech space?

McCann: We are filling a void in the investment process landscape for many investors. Our competitors are extremely expensive and exclusionary. They offer their customers 1×1 consultations with experts without capturing the information shared for wider consumption. Slingshot Insights uses technology and transparency to get this information into the hands of every interested investor.

Benzinga: What’s one thing you want users to remember your company by?

McCann: The high quality of the expert and diligence resources we offer. We solved the cost and access problems with traditional expert networks, not by diluting the offering or going for “cheaper” experts, but with innovation. We want our members to know they are speaking to the same people the best institutions are on any given topic.

Benzinga: What drives you to get up every single day and work on your business?

McCann: It pains us to watch individual investors blindly following near fraudulent managements to bankruptcy, all while crying that ‘The shorts are just manipulating the stock!’. Most often the true story is that institutions did their diligence and are on to underlying problems, not a conspiracy. Slingshot Insights is about leveling the informational playing field and knocking down the barriers between investor classes. We hope this business can prevent heartache and loses for  our members just as often as it helps them find outsized gains. Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

McCann: All of the data points, conversations, and sentiment indicators that we offer our members are unique. With the exception of document requests from the federal government we do not pull any information explicitly from third party vendors. The key to our offering is that it is a platform for investors to ask their own questions. These answers are then unique to our site and community. I think one of the key features of our product is that the diligence projects, catalysts to track, and strategic initiatives to monitor can be input by any member. The power of what we offer is how it is only limited by the creativity and thoroughness of our users.

You can find out more about Slingshot Insights at their website, or email them at [email protected].

The 2016 Benzinga Fintech Awards: Get Your Own Personalized Portfolio

For the second year in a row, Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

For more information on submitting your company, voting for the finalists or attending the event, click here.

Continuing our series, Benzinga presents MyVest, a company dedicated to producing personalized portfolios for their clients.

Benzinga: Why did you start your company?

MyVest: MyVest was founded to secure the financial future of more families by enabling their advisors to provide truly personalized wealth management at scale. The founding vision was to make the best practices in wealth management, usually available to only the wealthiest investors, available to all investors and their advisors through technology that could scale those techniques.

Related Link: The 2016 Benzinga Fintech Awards: Changing The Way Companies Do Banking

Benzinga: What do you think makes your offering unique in the fintech space? Do you have any close competition?

MyVest: MyVest is unique in fintech for our ability to automate the end-to-end delivery of personalized portfolios at scale. These are portfolios that are holistic in covering all members and accounts of a household, employ tax-aware rebalancing incorporating a variety of tax management techniques and are personalized reflecting the circumstances of each client. We do this end-to-end from client proposals, through monitoring and rebalancing, to trade order management, performance reporting and billing.

We’re also unique in that we power this capability within both traditional wealth management firms with complex needs and newer digital wealth startups that are redefining investment advice.

Benzinga: What’s one thing you want users to remember your company by?

MyVest: The summary of all this is that MyVest enables personalized portfolios at scale.

Benzinga: How do you help people make money?

MyVest: By automating the daily management of very sophisticated portfolios, we enable advisors to spend more time with clients and prospects while gathering new assets. We also allow them to transform their practice – adding scale while enhancing personalized service – and to mitigate risk by reducing human error and portfolio drift, which in turn leads to higher levels of client satisfaction and client referrals.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

MyVest: Yes, we have a unique rebalancing engine that optimizes portfolio drift, tax impact, trade materiality and client personalizations to generate trading recommendations for each client’s portfolio. With this, advisors can manage their portfolios by exception, focusing only on those trading recommendations that optimize those factors, rather than manually hunting through all portfolios and positions for the right trading opportunities.

Benzinga: What are you looking forward to most about the Benzinga Fintech Awards?

MyVest: We are excited that Benzinga is highlighting this new wave of fintech innovation, something financial services has sorely needed for many years and is now flourishing.

Interested in building a portfolio through MyVest? Check out their website at www.myvest.com.

The 2016 Benzinga Fintech Awards: Changing The Way Companies Do Banking

For the second year in a row Benzinga is proud to host the Benzinga Fintech Awards, dedicated to recognizing the most innovative companies in the world of fintech. In anticipation of the May 24 gala, we’re introducing you to those companies that will be in attendance.

For more information on submitting your company, voting for the finalists, or attending the event, click here.

Continuing our series, Benzinga presents FX4BIZ, the lone Belgian company to be attending.

Benzinga: Why did you start your company?

FX4BIZ: The world is becoming more and more globalized and global supply chains are highly fragmented; more and more international trade is coming from smaller companies all over the world. Due to their size these companies are not being well served by banks in terms of ease of access of the services and the pricing. FX4BIZ aims to thin the gap in terms of services and pricing conditions between the largest corporations and the smallest ones by providing a unique and clever open-web banking solution for managing foreign exchange transactions.

Benzinga: What do you think makes your offering unique in the Fintech space? Do you have any close competition?

FX4BIZ: FX4BIZ is the only Belgian FinTech, with a PSP license (granted by the BNB), which provides a one-stop shop payment factory. We provide our clients with bank accounts in multiple currencies (FX4BIZ was the first PSP to provide a Bank Account infrastructure to corporates) combined with a high end payment engine and FX liquidity. While the majority of our competitors are located in the UK and only very few of them have proprietary technology, we have launched FX4BIZ in Belgium at the heart of Europe, and developed our own technology.

Benzinga: What drives you to get up every single day and work on your business?

FX4BIZ: Supporting corporations in their day-to-day business by making payments, which is a boring thing to do, as easy and frictionless as possible so that they can focus on their core activity.

Benzinga: How do you help people make money?

FX4BIZ: Today a bank would typically need to charge high, and often hidden, fees to their customers in order to be able to pay the 3 departments that would be involved when a corporation needs to make a payment in currency: the corporate team (in charge of the relation with the client), the investment banking arm (which will provide the currency), and the retail arm (which will handle the actual payment). As a PSP we have a lean organization and pride ourselves on offering a transparent solution. Therefore, we do not charge any hidden fees and we enable our clients to save time as our platform makes making payments easy.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

FX4BIZ: Our business relies on the fact that our technology remains cutting edge and on our ability to acquire volume.

Benzinga: How can users find/interact with your company?

FX4BIZ: FX4BIZ has a website which provides all the necessary information on our product offering. Once a Company becomes a client of FX4Biz it can access our platform on any device (we provide an open web solution which is developed in responsive design). Larger clients and institutions can get access to our services through an API (“Application Program Interface”)

The 2016 Benzinga Fintech Awards: Trade Like A Pro

The second annual Benzinga Fintech Awards is coming to New York City on May 24. In anticipation of the event, we’re introducing you to the best of the best in Fintech that will be in attendance. For more information on submitting your company, voting for the finalists, or attending the event, click here.

Continuing our series, Benzinga presents Live Traders.

Benzinga: Why did you start your company?

Live Traders CEO Anmol Singh: The inspiration was honestly born out of disappointment with the educational trading and investing community. Trading and investing is a very unique skill-set in that there is a massive gap between ‘theory’ and ‘reality.’ There are many folks out there who can teach theory very well, but they are simply unable to apply it. We wanted to change that. We wanted to show people what real, profitable trading and investing looks like, and what is required to achieve those goals.

Benzinga: What do you think makes your offering unique in the fintech space? Do you have any close competition?

Singh: There are literally hundreds of companies selling trading education and investing advice online. What separates Live Traders is that we have not only proven our success through live trading in real-time, but we also keep things straight forward and simple by offering only ONE main education course. Many companies we have worked with in the past are always trying to ‘extract’ more money from their clients by offering different versions of the same course. Many traders and investors struggle in the beginning of their careers and a lot of companies extort this by saying, “well we know you already took ‘XYZ Part 1’ and paid a lot of money for it, but what you really if you want to get to the next level is to take ‘Advanced ZYX Strategies.’” This is a very common practice in the industry, and one that really upsets us here at Live Traders. These tactics basically put the investor in a vicious cycle where they never reach the carrot because as they struggle they are continually told they need more education.

Benzinga: What’s the one thing you want users to remember your company by?

Singh: We want our clients to remember us by our honest and professional no BS approach. It’s a challenging business and we want people to see our good and our bad days so they can get a better understanding of what is expected of them to truly survive and thrive in this wonderful business. We teach and promote the realities of investing, which includes the positives and the negatives, and that’s what we want users to remember us by.

Benzinga: What drives you to get up every single day and work on your business?

Singh: To help aspiring traders and investors reach their financial goals so they can provide a better life for their families and for themselves. There is far too much ‘do  as I say, but not as I do’ in this industry, and we try very hard to walk the talk so that our clients can have genuine role models to help them reach their full potential. One of the biggest motivators for us is to keep people from making the same mistakes that we made when we were greenhorns.We love helping people reach their potential; it’s the driving force behind our passion and the purpose for which we wake up every morning.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

Singh: We offer various products that can help investors achieve their goals. In terms of education we offer our Professional Trading Strategies Course (PTS) that takes the investor from beginning to end with regard to what is required to succeed in the markets. This is a one-stop course where you will learn why so many people underperform, as well as how the professionals consistently outperform the markets. The Live Traders approach is a technical based approach that we feel works best because it shows the real flow of money going in and out of stocks. We don’t like to waste our time with too many subjective indicators. We focus on price and volume to make the vast majority of our decisions.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

Singh: The biggest challenge we have going forward is reaching enough people. There is nothing worse than when a new client comes to us and says “I wish I had found you guys sooner.” We do our very best to help as many people as we can, but there are still people out there who have not heard of Live Traders. These are the people we’d like to reach out to and help.

Benzinga: What are you looking forward to most about the Benzinga Fintech Awards?

Singh: The Benzinga Fintech Awards are an outstanding way to not only preview the cutting edge of technology and innovation in the financial industry, but also a great forum to rub shoulders with the industry’s top trendsetters, movers and shakers. We are immensely excited to showcase our expertise and be a part of this wonderful event.

Interested in learning more about Live Traders? Find them at livetraders.com and livetraders.net. You can also email [email protected], call 714-926-2866, or connect on Facebook and Twitter.

Getting To Know The Benzinga Fintech Awards: CFX

The second annual Benzinga Fintech Awards is coming to New York City on May 24. In anticipation of the premier gala for financial technology, we’re introducing you to the companies that will be in attendance. For more information on submitting your company, voting for the finalists, or attending the event, click here.

Continuing our series, Benzinga presents CFX, a marketplace for crowdfunding assets.

Benzinga: What do you think makes your offering unique in the fintech space?

CFX: CFX is the first and only secondary market for crowdfunding investments. The JOBS Act in 2012 legalized equity crowdfunding, however the lack of a functioning secondary market has forced crowdfunding investors to be stuck in their positions indefinitely. We’ve created an online platform where investors can easily sell their shares to other investors in an open and secure fashion. SecondMarket was a competitor we had an eye on, however with the recent acquisition by Nasdaq they have signaled their focus on pre-IPO companies and not on alternative assets such as crowdfunded assets.

Benzinga: What’s one thing you want users to remember your company by?

CFX: We want users to remember CFX as the place to go for liquidity in their crowdfunding investments.

Benzinga: What drives you to get up every single day and work on your business?

CFX: We want all Americans to have access to the same types of elite institutional investments that the 1% has had for decades. The JOBS Act has brought great investment opportunities to people online. Title III, which takes effect in May 2016, will allow all investors (including non-accredited investors) to participate in equity crowdfunding. However, the current lack of liquidity makes it a difficult investment option for retail investors. We aim to change that.

Benzinga: How do you help people make money?

CFX: We provide the option of liquidity for investors who want and need to exit their investments early. We believe this will expand the pool of crowdfunding investors, and incidentally, make more capital available for entrepreneurs and real estate professionals.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

CFX: The challenge will be adding top crowdfunding portals to the CFX marketplace. We just announced the addition of EarlyShares, a top 10 real estate crowdfunding platform, to the CFX marketplace, and we expect to announce the addition of some larger portals over the next several weeks and months.

Benzinga: What are you looking forward to most about the Benzinga Fintech Awards?

CFX: We’re most excited about the opportunity to meet and develop relationships with top industry leaders in the fintech and financial services industry.

You can learn more about CFX at cfxinvesting.com, email them at [email protected], and find them on Twitter.

Getting To Know The Benzinga Fintech Awards: KoreConX

The second annual Benzinga Fintech Awards is coming to New York City on May 24. In anticipation of the premier gala for financial technology, we’re introducing you to the companies that will be in attendance.

For more information on submitting your company, voting for the finalists, or attending the event, click here.

In the inaugural edition of this series, Benzinga presents crowdfunding service KoreConX.

Benzinga: Why did you start KoreConX?

Oscar Jofre, President and CEO of KoreConX: I’m an entrepreneur to the core. I want to build something that changes everything, and makes the industry as a whole better. My co-founder and I saw a need in the market, and knew that the time was right for fintech, and that with equity crowdfunding beginning to gain momentum, how companies raised money and managed their shareholders had to change.

Benzinga: What do you think makes your offering unique in the fintech space? Do you have any close competition?

Oscar Jofre: There’s never been another product that ties the entire ecosystem together like we do, or that companies can use pre, during, and post capital raise.

Benzinga: What’s one thing you want users to remember your company by?

Oscar Jofre: We want them to remember us for two things really. Our knowledgeability–we’re a young company, but we’ve worked hard to become thought leaders in equity crowdfunding and alternative finance, and we want the companies on KoreConX to benefit from what we know–and how easy we made it to bring everyone together around their company and set themselves up for success. We’re helping companies build better, stronger, and more transparent relationships with their shareholders.

Benzinga: What drives you to get up every single day and work on your business?

Oscar Jofre: I can’t help it, KoreConX is my baby. I’m always thinking about the business, the market, and all the things I plan for the company. Getting up in the morning is no problem, my biggest issue is getting to sleep at night. There is no such thing as a “work-life” divide for me.

Benzinga: How do you help people make money?

Oscar Jofre: We help companies access capital. That’s the very foundation of our business and our product. We partner with equity crowdfunding portals around the world as well as broker dealers, providing companies with the ability to manage the entire application and due diligence process through a single point of entry. Meaning that should the company get turned down by one portal, they don’t need to re-enter all that information to apply to the next. We also allow companies to manage and communicate with their shareholders post-raise, helping them create close relationships that ensure their shareholders will be their best customers and their biggest advocates.

Benzinga: Do you offer investors any unique data points that can help their trading/investing decisions?

Oscar Jofre: We don’t advise investors or offer data to the public on companies in our platform, but what we do offer them is a secure, centralized platform that they can use to manage all of their holdings in any company they’re involved in, and the assurance that these companies are reporting regularly, complying, and being completely transparent. We’re giving them peace of mind.

Benzinga: What’s the biggest challenge to your company going forward, and how do you plan on overcoming it?

Oscar Jofre: Being born global. We’re a small team of 23 people based out of Toronto, Peru, Indiana, and around the world, and we’re operating globally from the start. Our platform will be launching in Mandarin and Spanish in Q1 of 2016, and we’re working hard to stay in touch with big markets around the world. We’re lucky in a way because often business is business no matter where you are, and because so much of what we do is built on equity crowdfunding. I speak at events around the world and I’m able to bring together insights from leading markets around the world.

Benzinga: What are you looking forward to most about the Benzinga Fintech Awards?

Oscar Jofre: Meeting the other contestants. So many brilliant companies are in the running, and I’d love to learn more about them.

Benzinga: How can users find and interact with your company?

Oscar Jofre: We’re all over social media. People are free to connect with me on LinkedIn, Facebook, Twitter, etc, and send me any questions that they might have. They can also register here.