FundAmerica
 | |
| Industry | Crowdfunding |
|---|---|
| Founder | Scott Purcell |
| Headquarters | New York, United States |
| Services | FinTech, |
| Website | fundamerica.com |
FundAmerica (tm)[1] is a provider of crowdfunding compliance and technology solutions. Originally founded in 2012 as "Arctic Island", the name was changed in 2013 to FundAmerica after acquiring the domain "fundamerica.com".[2]
FunAmerica is made up of 3 entities, a the parent company, FundAmerica Technologies, LLC, and two wholly owned subsidiaries: FundAmerica Securities, LLC, an SEC registered, FINRA member, SIPC insured broker-dealer; & FundAmerica Stock Transfer, LLC, an SEC registered transfer agent. In 2013 a second round of funding raised $1.4 million to help bring the crowdfunding platform to market.[3]
Collectively the firms service broker-dealers, investment advisers and large serial issuers who raise capital online by selling securities pursuant to Titles II, III and IV of the JOBS Act, now known as the 506(c), 4(a)(6) and Reg A+ exemptions to the Securities Act of 1933 Services provided include: securities escrow, anti-money laundering checks on domestic and international investors, Bad Actor checks on issuers, broker-dealer execution, trade clearance, transfer agent and other backoffice services; all via it's patent-pending "Invest Now" transaction engine.